Neither of them could support Xing Baohua in this regard.
This is a corporate-level action; it can't be elevated to a larger level.
At most, they would express their concern about the matter through official channels.
Even just saying a few words on their behalf would be the best help they could offer. Of course, Director Xue also subtly told Xing Baohua that the family was in a low-key phase regarding this matter and it wasn't appropriate to be high-profile.
If Xing Baohua can spend that profit in Da Meizi Country, it would be best to transfer the account. If that's not possible, then we'll use Xing Baohua's account for the spending.
All expenses will be settled with Xing Baohua when they return home, and there are even many compensation clauses.
Xing Baohua clinked glasses with the two directors and said it was no big deal.
Xing Baohua seems to be at a disadvantage now, but he doesn't think he is. Even if he takes the profit, he can use the money for a series of investments.
There's always a way to get back on track.
So, the two directors wanted to help him cash out.
If he's really forced to convert his money into government bonds, then his money can only be used for a few years, and maybe he can find an opportunity to resell it.
Of course, these are all things to be discussed later. Considering that it is very likely that the profits could not be taken away, Xing Baohua had to make preventative preparations before the relevant departments in the United States took action.
To get the money out of the country, you need to launder it.
The safest way to clean this thing is still to go to a bank.
Don't be fooled by the fact that banks also oppose these policies; they're only doing so under pressure from above, and they also have to consider who they're helping to launder money for.
We still need to meet the requirements of our valued customers; otherwise, how can we earn money from their services?
Lehman Brothers on Wall Street has already obtained a list of some of the small and medium-sized institutions that made bets with Xing Baohua.
I called each of them individually to invite them to the meeting, huh? There were three companies whose calls I couldn't get through to.
I finally managed to get in touch with him, only to find out that the boss had gone on a date with God the night of the stock market crash.
Okay, if they're dead, that doesn't matter. The living should have a meeting to overturn Xing Baohua's betting agreement. We can't let that guy take the money so easily.
They jointly signed a document and submitted it to figures such as members of parliament.
They might even assemble a legal team to sue Xing Baohua for invalidating the betting agreement.
As long as someone takes the lead, they will unite. If they're about to lose, what's wrong with resorting to a little cheating?
Nobody's money comes from thin air.
The opposing side is having a meeting and figuring out how to cheat.
Xing Baohua contacted several banks to discuss how to get his money out of the country.
Since the stock market crash, with a drop of over 600 points, his leverage of 20 times has given him over 40 billion US dollars.
This accounts for approximately 8% of the total losses suffered by the United States. This is equivalent to the annual GDP of a low-level developing country.
Having money can make people envious.
However, the bank does not recommend that Xing Baohua close his position now, because even if he does, there are not many people who can buy it.
Otherwise, wait until the US's bailout phase is complete and the stock market recovers before selling. Even if the price is lower and you make less profit, you can still get out.
The suggestion was one thing, but Xing Baohua was worried that things might change if he delayed. Since he had already notified the banks and securities firms, he instructed the trading team to start selling off small batches of stock.
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