nashuaworldcup Chapter 433 Desperate Krumbauer
Chapter 433 Desperate Krumbauer
In April 08, as the financial crisis and real estate bubble intensified in the beautiful country.
In a beachside villa in Hawaii, Kembauer got drunk again.
After he refused to return to the Ross family, he chose to go it alone.
Under the temptation of real negative interest rates, they plunged into the real estate market.
His style of play is much more violent than that of a stripper, and he directly uses financial leverage to buy large quantities of real estate in core areas.
Originally, he would have made a lot of money if he had stopped earlier, but he misjudged the seriousness of the crisis and the speed of the collapse.
In addition, some core areas continued to grow in the early stages of the crisis, leading him to mistakenly believe that this was just a normal adjustment on a small scale in the market.
But in the blink of an eye, Bank of America and the five major investment banks began a wave of bankruptcy.
It was as if everything happened overnight, giving no one time to react.
Lehman Brothers, Merrill Lynch, Bear Stearns, Goldman Sachs, Morgan Stanley...
Within a week, five investment banks applied for protection one after another.
The savings banking industry was not much better. UBS, Sakura Bank, and Eagle Country Bank. In just a few months, this financial disaster broke out all over the world with lightning speed.
Banks were being acquired, financial institutions were being swallowed up, and debt collection letters were filling Krombauer's mailbox.
Klembauer, who originally thought he could make a comeback, was hit hard. Now he has only one way to go.
That is to file for bankruptcy, and all his assets will be taken away by the bank to pay off his debts, and he will live on the street with nothing.
What people fear most is not not having anything, but having nothing.
As a rich man who once owned billions of assets, he became a middle-aged uncle with nothing.
When he thought about begging on the street with a dog bowl, he couldn't help but secretly shed tears.
Just when he wanted to continue anesthetizing himself with alcohol, there was movement at the door.
Under the influence of alcohol, he shouted at the top of his lungs: "Who is there? I don't have money to pay off my debts. If you want money, just take away my last property."
He was tired, and suddenly he envied his good brother Guy.
Although he was paralyzed, at least he had enough money to spend the rest of his life, lying there every day, with someone waiting on him and pushing him.
Are you going to give in to the elders? When he rebelled, he said he would not go back even if he starved to death.
There was a chuckle at the door.
"Uncle Ball, it's me, Austin!"
Austin?That woman's child, because of their relationship, he and Austin were quite close when they were children, at least in terms of face.
"Austin, please wait at the door for a moment."
He hurriedly washed his face, used mouthwash to suppress the bad breath, changed into clean clothes, and then opened the door.
Although he tried his best to hide his desolation, the balled shirt and discolored suit still exposed his dilemma.
Rich people like them never consider washing or dry cleaning when buying luxury goods. They only wear them once or twice and then throw them away.
17-year-old Austin is already a big kid, he is even taller than Kembauer.
If there were some nymphomaniacs from the Dragon Kingdom, they would be drooling a lot, and some vaginal areas would be flooded with rain.
However, he seemed to be influenced by his mother Akhben, and he looked arrogant, with a posture of keeping away from strangers.
When the two people's eyes met, Kembauer was slightly frightened.
"Austin, in the blink of an eye, you are a big boy too."
"Uncle Ball, I don't like you calling me a boy."