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Before, the government was in charge, so the major banks would naturally not give General Motors their face. Even if the loan expires, at most it would be urged to force debts.

But now, it is impossible not to force debts. A large number of investment banks and commercial banks are in the subprime mortgage crisis. They all need funds to overcome the crisis, and those loans to the three major automobile companies are the best choice.

Among them, the one that rushed to the forefront was our Morgan consortium. Morgan Bank's loans to the three major auto companies totaled about US$40 billion, which is a huge amount. Even Rector Morgan personally called General Motors' CEO and asked him to pay back the money.

After receiving a call from Rector Morgan, General Motors CEO dared not be disobedient and tried his best to raise $40 billion to pay back the money. Then General Motors' books were empty and he couldn't even pay the salary for the next month.

At this time, more bank calls came over. The CEO of General Motors slapped his butt and took a helicopter to Washington, and went to cry for poverty when he looked for the commander of the US President.

The boss of Ford and Chrysler were also crying together. They took a helicopter and announced in front of all the media that they were about to go bankrupt and millions of workers were unemployed. They came to ask for government assistance.

Then these three people were scolded so much... Don't misunderstand that the people who scolded them were not the government. How dare the government scold them? The netizens were scolding them.

The United States is still not short of smart people. Seeing these bastards ruining taxpayers' money and doing all kinds of bastards' things, they were so at ease that they asked the government to help their lives. A lot of abuse broke out on the Internet, and there was also a petition to the Black Palace website, demanding that these three car companies go bankrupt directly.

But the government dared not. So on October 3, Jack Jr. announced the first phase of the rescue plan of up to $700 billion, that is, investing $700 billion to save the entire market.

Some of the US dollar is used to invest in the three major automobile companies, so that they can repay loans from various banks. After the bank gets repayment, it can offset some of its own deficits, with the best of both worlds.

However, considering that the bank's funding loopholes are larger, 400 billion of the US$700 billion rescue plan is directly injected into the bank.

That’s right, just give money to smooth out the loopholes, a very simple and rough rescue plan.

This rescue plan naturally received criticism from everyone without exception, because this rescue plan saw almost no other benefits except filling in loopholes.

The most fatal thing is that the money is directly sent to bankers.

These bastards who created the subprime mortgage crisis not only did not go to jail for trial, but shamelessly asked the government to send money to fill the loopholes. And this money is all taxpayers’ money!

It was like Zhang San was slapped by Li Si, and then Li Si's hand was red. So Zhang San paid for Li Si a bottle of safflower oil, so he asked him to recover the wound on his hand and continue to slap it later.

This is simply outrageous.

The US government is confident in its rescue plan, but they have made a fatal mistake, that is, they ignore who is really seriously injured in this crisis.

It seems that banks and investment institutions are all bankrupt, but these people actually have no big relationship with the American people. If they collapse, they will collapse. After all, 99% of the American population does not rely on financial institutions to pay them wages.

At this time, the people who are really in crisis are the American people, as well as small and medium-sized physical enterprises.

As mentioned before, physical companies now basically rely on blood transfusions from various financial institutions to live, and they rely on loans to earn money.

Since the banks had the courage to directly force debts from the three major automobile companies, then the small real enterprises would naturally not let them go. Not only did they cut off the supply of their loan funds, but they also kept urging them to repay the loans. Some banks were afraid of being taken first by other banks, so they directly blocked the assets used for mortgage loans in advance, and then entered the auction process and returned to the auction.

This directly led to the bankruptcy of 30% of the US physical enterprises. By the time the US government reacted, the US unemployment rate had reached an unprecedented 15%, and a large number of employees had lost their jobs, while they did not have a penny in the bank. Many people did not even have $100 from their pockets to their bank accounts!

As a result, the real financial crisis broke out, and the US stock market was able to basically maintain stability under various rescue plans and hundreds of billions of dollars of funds.

However, as the unemployment rate was announced and various waves of bankruptcy of small and medium-sized enterprises emerged, rice stocks collapsed instantly and began a decline curve like an avalanche.

The economic crisis in 2008 completely broke out!

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Outside the window, countless snowflakes fell, a scene covered in silver.

"I don't know how many years will it take to recover!" Rector Morgan, who had finally had a few days of free time, sighed at the wind and snow outside the window.

Of course, the wind and snow that Rector Morgan mentioned cannot be real wind and snow, but this economic crisis. Starting from October, a large number of physical enterprises in the United States went bankrupt and collapsed, and even many of the companies under the Morgan Consortium were gone.

However, Rector Morgan, who has economics degrees in many universities and countless practical experience, has figured it out at this time that the economic crisis has just begun and it will spread to the world in less than a few months.

As workers lose their jobs and businesses go bankrupt, the purchasing power of Americans will begin to decline, and the imports of the United States will also drop greatly. Then, the income and orders of many companies in the world driven by American consumption will decrease, and these companies will go bankrupt.

As these companies go bankrupt, the workers under them will also be unemployed. Then the entire country begins to decline in consumption, and consumption is down. A large number of products are produced and no one buys them, which leads to the breaking and collapse of the capital chain of more companies and countless people go bankrupt. An economic crisis that is no less than that of the Great Depression era is about to come.

"Who survives the wind and snow?" Rector Morgan fell into deep thought. The wind and snow brought destruction, but after the snow melted, it was rebirth.

The economic crisis will always pass, and after the past, it will usher in rapid economic growth, which will also bring about a new world pattern.

For example, although the Great Depression that year started with the United States, it also made the United States the world's number one hegemony, with the world's largest production capacity, and able to produce terrifying production capacity of 7 aircraft carriers a year.

So who is the koi after this crisis?

"I hope it's us!" Rector Morgan sighed, but he didn't have much confidence. The little George is an obedient and good commander, but he lacks courage. It seems impossible to expect him to lead the United States out of the economic crisis.

"Sir, the following companies have proposed plans to relocate the factory and hope to get your permission!" The secretary came over and said respectfully.

"Where do they want to move?" Reckett Morgan asked with a frown. With the collapse of a large number of physical industries in the United States, many physical enterprises under the Morgan consortium complained that the operation in the United States was difficult. Not only was it difficult to recruit qualified workers, but more importantly, the entire industrial chain was not supported, and they were almost unable to continue working in the United States!