Reborn in America, I'm serious about making money.

While Zhang San was messing around, things were also in complete chaos on the other side.

The incident was indirectly related to Zhang San. The entire Jack Foundation was wiped out in the attack, but the matter was not over; subsequent investigations and cleanup efforts continued.

"The Jack Foundation borrowed money from us, and now they're all wiped out. We want to recoup our losses..."

The bank's debt collector was somewhat annoyed. He hadn't expected that their bank would also be affected by the attack, as they had lent money to Jack Manigan Fund, a rapidly growing fund with very fast-growing financial assets.

Such companies are their darlings. On Wall Street, there is a tradition of following in the footsteps of successful people.

Europe and America are very superstitious places, especially North America, where this is even more pronounced; in America, a place that prides itself on freedom, there are countless religions, and these religions are all very strange, some practice polygamy, some rely on sex to increase their understanding of sex, and so on... In short, it is very free.

Don't you understand?

Definitely not! Some people enter these religions with ulterior motives, aiming to achieve nefarious goals.

Given the nature of the place, they naturally provided a loan to the Jack Manigan Foundation, and the foundation even offered collateral, including some stocks.

These stocks are worthless now; they're WorldCom stock. Before the attack, the company was doing quite well, and its stock price had been steadily rising. They were happy to receive the collateral.

But the stock kept rising, and Jack kept taking out additional loans.

After the attack, all assets in the Twin Towers were frozen. After a thorough investigation, compensation will be made to the companies that suffered losses, and then debts will be settled.

That would have been fine, but then WorldCom's stock ran into trouble. Rumors circulated last April, followed by the exposure of a financial fraud scandal, and the company declared bankruptcy. However, the collateral for Jack Fund was WorldCom's stock.

The bankruptcy of WorldCom can be ranked among the top ten bankruptcy cases in North America.

WorldCom was once a globally renowned telecommunications company, but ultimately went bankrupt due to financial fraud.

The reason for this was that the company's senior management created false financial statements by overstating revenue and concealing costs in pursuit of false performance.

Its main purpose is to acquire and merge with other companies through soaring stock prices. Only in this way can the financials be concealed and the company be able to survive.

However, whether intentionally or unintentionally, the acquired companies were not integrated into or absorbed into the main business, nor were they dismantled or restructured. They were simply acquired for the sake of acquisition. Over time, such behavior will lead to unwieldy companies that are difficult to control.

This behavior lasted for several years, during which the company's stock price soared, but in reality, the company's operations had long been in trouble.

With the exposure of the financial fraud, WorldCom's reputation was damaged, its stock price plummeted, and investors sold off their shares.

Regulatory authorities intervened and investigated, forcing the company to declare bankruptcy. During the bankruptcy proceedings, the company underwent large-scale asset liquidation and restructuring, resulting in massive job losses and profound impacts on the entire telecommunications industry and financial markets.

Ultimately, WorldCom went bankrupt and restructured, and its core assets were acquired by other companies. This event became a classic case in North American business history.

However, the Jack Manigan Fund held a large number of WorldCom shares and used these shares to make loans. These loans were then used to purchase large amounts of US Treasury bonds, corporate bonds, and some overseas bonds. Normally, this behavior is correct, and the banks even considered it reasonable, legal, and worthy of encouragement.

However, the problem was that the attack happened, destroying everything. When the plane crashed into Gemini, everything was shattered.

Former Seawind Bank, now HSBC North America, is facing up to $10 billion in bad debts that they need to shoulder.

They did not expect that the loan, which was originally risk-free, would become the largest bad debt in the past three years. It can be said that this bad debt wiped out years of profits, and the bank needed to inject funds from Hong Kong. Otherwise, HSBC in North America might face major problems and possibly bankruptcy.

Moreover, this year, HSBC acquired a subordinated debt issuer, making it the second-largest subordinated debt issuer in North America.

Zhang San originally wanted to enter this industry, but later he was afraid that he could not resist the temptation, so he gave up in the end. However, he could help them generate more subprime debt to increase their business volume.

HSBC's people can't find the debtors now, are they supposed to go look for them in another world? How are they going to explain this to their headquarters in Hong Kong?

HSBC's headquarters are in the UK, and although they did not acquire Middleland Bank, they still moved the bank's headquarters to London.

But the real business is still conducted in Hong Kong; you could say they make money in Hong Kong and then channel it overseas. Now that the North American company is in trouble and they need to report back to Hong Kong, they're feeling a huge headache. But some things are simply unavoidable.

"...That's how it happened. All those stocks crashed, and the bonds they bought were destroyed in those two buildings..."

After reporting on his work, the president of North America fell silent. He didn't know what to say next. The facts were clear and there was nothing more to say.

The conferencing system they are currently using was developed by Zhang San's ICQ company, and it is said that someone has already valued the system at five billion US dollars.

The board members of Hong Kong were at a loss for words after hearing the report; they hadn't expected something like this.

The situation with America is really... just like those triads in Hong Kong. There are only three major ones, but just like during the concession period, it's unbelievable that members of these triads dared to storm the Governor's House.

"This kind of thing..."

The person sitting in the middle of the Hong Kong board of directors didn't know what to say, and then... sighed deeply and said, "Let's write off bad debts. We'll transfer some funds from Hong Kong to North America to maintain the normal operation of the North American company."

The people in the meeting room didn't know what to say. They couldn't just give up on the North American branch, could they? It was a company they had worked so hard to establish back then. If they gave it up easily, they didn't know how they would be able to enter the North American market.