In Somerland, the government’s willpower ruled above all.
The big four commercial banks seemed to run their own business and had cut throat competitions, but they were, in fact, run by the same people.
The government’s policy was the highest principle that dictated their conduct.
It was the classic characteristic of a state
owned enterprise.
However, 50 billion was not a small amount of money. If each of the four commercial banks loaned 50 billion, it would come to a total of 200 billion. Had else to borrow such a sum from the four banks, it would be nothing more than a pipe dream.
There was a capped line of credit for unit. limit was one that was shared by all banks.
Even for a company with good
qualifications and a market value of 1 billion, its line of credit would only be up t o 800 million. It would never exceed its market value, and if the company were to take an 800-million loan from a commercial bank, it would be impossible for it to take another loan from any other bank.
Simply because it had maxed out its credit
quota.
Had it not been for such special circumstances, even Jasper would not be able to take out so much money at the same time from the big four commercial banks.
Upon hearing his words, the color drained from the faces of the little prince, Lord Alvarado, Gale, as well as the representatives of the Big Three chambers of commerce.
The authority to instruct the top elites working under the SBS Bank was boundless indeed.
While the little prince and Lord Alvarado
were green with envy. Adele said
were green with envy, Adele said leisurely, “Hey Royal, you’re asking so much when you haven’t even explicitly stated if you agree to take out the money.”
“I’m fine with that.”
The little prince cut to the chase and
agreed.
The two parties-SBS Bank and the Laws -represented the government and the business community respectively. Since the top forces from both sides fully supported Jasper, he would probably come off as a stingy person if he were to turn them down.
“I’m fine with it too,” Lord Alvarado expressed his agreement.
People often say that the arm is no match for the thigh. Never did the little prince and Lord Alvarado think that they would become arms in front of Jasper one day.
“But, Adele, all of us have stated our position. How about the Browns?” The little prince said with a grin.
He was not someone who was willing to
put himself at a disadvantage.
Adele replied with a smile, “My brother is playing with some birds behind the camera. Would you like to talk to him?”
The little prince’s facial expression immediately darkened. He said, “There’s nothing to talk about with a disabled person.”
“50 billion from the Big Three chambers of
f commerce, another 50 billion from each of the big four commercial banks, and another 50 billion each from the little prince and myself – this is a sum of 450 billion. Not to forget the 80 billion from Gale, which brings the total to 530 billion. Jasper, are you going to pick a fight with Wall Street tomorrow with all of this money?” Lord Alvarado suddenly asked.
“The United States, actually.” Jasper offered a short response.
He then continued, “However, it doesn’t necessarily have to be Wall Street. Since I’m borrowing money instead of soliciting investments, I can’t tell you all too much details. I just have to make sure that I can repay all of you.
“Speaking of which, let me re-mention the terms of repayment and the mortgage.”
Jasper hesitated for a moment and pressed on at an unrushed pace, “Interest is calculated at 20%, and the usage period is half a month. Half a month is enough to determine victory or loss. If I win, I will be able to pay back all your money. However, if I lose, everything will be over.
“So, I am offering my shares over all of J W Capital and its subsidiaries as collateral.”
Every single word that Jasper articulated was loud and clear. “This will include all o f the shares of Nokia Group that I’ve just acquired.”
In the video conference, nobody spoke.
At this point, this mortgage loan business was no longer an issue of insufficient lines of credit on the collateral.
Everyone knew that Jasper was betting his life and family possessions on this.
“Jasper, before everything else, I must admit that Ladmire your courage “Lord
Alvarado broke the silence and uttered slowly.
Jasper smiled in response and said, “You don’t have to admire me. But in this war, I’m not leaving any path of retreat for myself.”
With this statement, silence engulfed the room once again.
Lord Alvarado and the little prince exchanged a glance and shook their heads with bitter smiles on their faces.
