Wall Street of the third generation chaebol

＜ Their capitalism. (2) >

“It’s a warship. Heh heh, this is true. We live and see all the scenes of confiscating a warship. It’s a matter of living a long life.”

Attorney General Taft smiled and handed over the documents one by one. It looked like he was flipping it over, but his eyes sharpened like a hawk were devouring.

And the legal advice of the Attorney General and Krevas to bring down Bethlehem began.

“It’s possible.”

“I think so too. There seems to be no need for a separate audit because the accounting data obtained from the hedge fund’s Bethlehem credit rating in the first place is piled up.”

Just push it like this.

Crevass is excited and intervenes.

“First, Bethlehem Steel and Shipyard were separated, so they should be viewed as separate corporations. After carefully checking whether they were tampered with as a provisional disposition, you should apply for seizure of tangible property to the court executor and execute it.”

fluid property.

If it is witty and easy to express, it is in-kind. The red label of differential pressure is this fluid movement. Debtors who could not withstand the seizure of tangible personal property will simply surrender with repayment.

Attorney General Taft nodded.

“Yes, Mr. Crevass is right.”

“Sir, which ships exactly are available? That’s the crux of the matter.”

shipyard?

can seize

That, of course, can be ripped off. In the first place, shipyards are privately operated heavy industry facilities, so they can of course be seized. If it is not fixed, it is possible to seize it by dividing it into physical facilities by facility unit.

However, the situation is a little different with warships.

Since this is a military material used publicly by the US military called the Ministry of Navy, you need to decide which ship to choose. justification. It should also have some good reason to get it.

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Or at least the aftertaste was clean.

“Once the payment has not been fully deposited, it is possible to seize orders for warships. It is not yet transferred to the Ministry of the Navy, so even if it is a bit strange, it is a civilian status.

payment amount.

In a word, it is a payment processing process that is settled through three or more stages of down payment, interim payment, and balance.

“First of all, seizure is the end. Since speed is life, matters such as whether the tangible property to be seized is something that will be passed on to a third party is an afterthought.”

It is said that the seizure is possible at any time.

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Of course, overpressure is an object of enforcement.

“Is that so?”

“Once the seizure is decided, no one else can intervene. There is no immediate appeal, and no objection is possible right away. This is the same even for a third party.”

In other words, there is no room for the US Navy to legally intervene in the enforcement process.

This is a device designed to prevent fraudulent activity, such as when the debtor runs to the middle of the execution and leaves it to an acquaintance saying, ‘Actually, it is something to be transferred to a third party!’

“There is a way to raise a third party objection to the property of a third party later. There are various things, but if we can express it in a simple legal way, it is. I have outlined it in a very large frame. It is complicated when I go into detail.”

“okay.”

“And the confiscated assets are appraised and can be auctioned off.”

appraise

that’s tempting

“Can I appoint an appraiser?”

“No, the appraiser appointed by the court will take a look.”

“What about the lobby?”

“Of course it is possible.”

Taft grinned and rolled his fingers.

“But a former federal judge like me wants to avoid lobbying as much as possible. That’s how the courts are these days. Lobbying isn’t the same as it used to be, so lobbying to the judiciary is on the decline.”

“The courts are now slowly taking care of their self-esteem.”

“Well, there are still a lot of bastards and the road is rough, but it’s important that the keynote has changed. It’s best to avoid lobbying the judiciary, especially the courts, if possible. Only do it when it’s really necessary.”

That’s good.

Anyway, if it’s the strategy I thought of, a more fair evaluation is needed. If the legal profession started to build self-esteem, it would have been better for me.

“It seems to be gaining credibility.”

“Yeah. That’s correct.”

“It’s rather good.”

Bethlehem Shipyard.

If you know these guys, it is still a Hat Chick Shipbuilding Company, which has just been merged for over a year. It is said that large shipyards such as Bass Shipyard and Union Shipyard are swallowed up and run by the management in a hurry.

It’s a fist bump.

Besides, they didn’t get an official patent from us, but illegally stole the patent and used it. It means that we have not acquired complete patent information.

Lots of holes.

‘Originally, the launch of the dreadnought class at the Bethlehem Shipyard should have been completed three months ago. In other words, something is wrong with the dreadnought. It’s a technical issue, so I can bet my entire fortune.’

In other words, it is said that the patents are poor and the operating system of the shipyard is also poor.

– Speak directly. If you design and build that battleship that way, it will sink in three years. not my guess

In an instant, I vividly remember the Newport News shipyard president Huntington yelling at me. Current US shipbuilding technology is absolutely not a good environment for building dreadnoughts.

Having obtained a full patent, it was enough that I formed a separate Portsmouth company in a joint venture with the UK.

“An appraisal would be a good cause.”

If the warships were seized, the Navy and the White House would be talking loudly about subversion and rebellion.

Then you say this

+

This hedge fund hastily seizes the Bethlehem Shipyard’s patent theft and the possibility of insolvency and sinking of the warship due to the lack of shipbuilding technology. Immediate quality inspection of all warships will be carried out.

+

‘It’s an illegally built battleship that might sink. Even that’s a dreadnought. New York World’s Pulitzer would really like it if it was delivered to the yellow press.’

In the first place, Bethlehem was an illegally built warship.

The cause was smiling at me.

widely-

Crevass put his hand on the table.

“There’s something I need to do before the foreclosure.”

“What?”

“First, stop the dry dock at the Bethlehem Shipyard with an injunction prohibiting patent infringement. This will be dealt with quickly if you apply to the court. The evidence is too clear, and we are not powerless.”

A bright smile appeared on Crevas’s lips.

“Of course, we have to apply for injunctions and foreclosures so that the Bethlehem Shipyard cannot do its job. “

Monetary bonds are foreclosure.

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Others are injunction.

It means pre-tied.

I could feel the burning will of Crevasses to sweep away even a single piece of bone powder with the toothbrush.

‘You are thorough.’

really.

It was so good.

***

“Huh, my health is getting worse these days, so it’s getting harder and harder to move around.”

As soon as I finished my conversation with the Attorney General and Krevas in the Federal Reserve Board of Directors, Secretary of the Navy John Long came to see me.

“No, I am no longer the Secretary of the Navy.”

“Yes?”

“I was fired by the White House yesterday because the assistant secretary of the navy came into contact with my health while I was taking a leave of absence.”

“Did the assistant secretary of the navy blow the minister?”

I frowned.

Is it okay to cut off John Long, the victorious minister of the American-West Wars and the Japanese Wars so easily?

Navy Secretary John Long shrugged.

“The Naval Ordnance Bureau, who ate a piece with Bethlehem, did a great job. In the first place, the Assistant Secretary of the Navy also changed it to their liking.”

“In the end, it was cut off by the Naval Ordnance Bureau.”

“That’s right. Hearing it again makes me feel like shit. It’s so damn good. You f*cking mean bastards cutting while you’re on leave!”

bang-!

In anger, he slammed the table in pieces with a wrinkled face.

But thanks to you, I can see roughly how the plate works.

“Now it makes sense. Even if there are no large shipyards in the western United States, I wondered how the Bethlehem Shipyard that illegally stolen patents got the order.”

“Yeah, the Assistant Secretary of the Navy got rid of me and was appointed Secretary of the Navy. That man McKinley, I think he blew me away because he saw me as a politician of your faction.”

“ah.”

Tokinley.

It’s annoying.

“Would you like a drink? I’m an adult now.”

“Okay, get me a Coke. I need that sizzling soda.”

A true politician.

profit.

I gladly opened the cola bottle and poured it into the glass.

“after.”

Former Navy Secretary John Long looked at the empty glass for a while with a very complicated face, then slowly raised his head and looked at me.

“Cola is cool.”

“What is a dragon?”

“Don’t treat the old and weak like that. Did I come empty-handed anyway?”

John Long pulled out a pile of papers from his arms. In the first place, the number of attacks on the Board of Directors of the Federal Reserve is too low.

Something big must have been caught.

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Otherwise, we would have met in person.

“The double ledgers of the Naval Ordnance Bureau and the Bethlehem Shipyard. To be precise, we gathered all the evidence of corruption and brought it out of the Navy Department.”

By the way.

All of a sudden, he came out with a nuclear bomb.

“…Isn’t this a whistleblower?”

“Anyway, at this age and health, it was difficult to be a minister again, and it was civil control in the first place. I am not from the navy, so there is no problem with whistleblowing. If there are more comrades in the afterlife, it’s better for me.”

Navy Secretary John Long hardened his expression.

“If you fed me shit, wouldn’t it mean that the centipedes are prepared to eat it too?”

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Or not

Instantly, my lips twitched.

…that’s good.

It’s too big a bomb.

If you do it wrong, you can fly to the base camp, the Republican Party.

‘Hold.’

But I got the Joker.

***

“The court has given you permission. Let’s go.”

The court proceedings were expedited by the two law Munchkins.

Crevass immediately applied for an injunction against patent infringement with the federal district court where the shipyards in Bethlehem are located, stopping the operation of the shipyard.

After that, he submitted an application for provisional seizure to the execution officer’s office and received permission.

“Find out every single bone powder!”

“Yes!”

Crevass’s law firm.

Blatchford’s lawyers and court executors stormed the shipyards, carried out a surprise seizure, and wiped out all shut down facilities.

-what? Is our company going bankrupt?

– What the hell did you do? Aren’t jobs going to disappear?

– I don’t have anywhere else to get a job.

Employees at the Bethlehem shipyard stepped back to a corner to express their anxiety.

The Bethlehem leaders tried to appeal or object to the court, but it was impossible during the seizure, so they had no choice but to bite and stare.

Bethlehem Steel.

President Wharton convened an emergency board meeting.

“What the hell is going on? Why are the shipyards all of a sudden stopping operations and the warships and shipyards being foreclosed!”

“It seems that the patent monster has been given us permission to enforce the law because we have illegally stolen the patent. The reason for the immediate suspension of operation is also an injunction prohibiting patent infringement. We have all stopped shipyard lines to prevent further infringement.”

“Appeal. Can’t you appeal?”

“We are pouring out lobbying funds into the court as much as possible and asking questions for the appeal process.”

Those who fell on fire started biting their nails.

“Isn’t that a patent monster a sandbag? I remember it was a company that was being sued by Federal Steel.”

“I lost in the first trial, but it was overturned in the second trial and won the Supreme Court.”

“You said you won against Federal Steel with that size? Is that possible? No matter how much Federal Steel loses, it is Morgan’s strong steel trust?”

President Wharton was confused.

I wondered what the patent company was doing because it even had legal backing.

“What is the organization chart of the patent monster?”

“It’s completely private. However, if you check some leaks, it’s full of lawyers who have taken the elite course.”

“Isn’t it dangerous?”

“It’s just the young chicks who just graduated. It’s hard to say that they won the lawsuit… It’s a smoke screen, and a large law firm seems to have intervened. We got involved.”

“after…..”

completely dried up

being caught in someone’s trap.

There are not one or two large law firms in Washington and New York. We had to find out not only the identity of the patent monster, but also the people who made it.

“Already, the dreadnought was like that, and I was tired, but what kind of hardship is this…”

Wharton sighed, rubbing his sore forehead. I couldn’t help but get my eyes wide open at the sight of the warships, cruisers, destroyers, torpedo boats, etc., all being confiscated.

“shit…..”

President Wharton licked his lips.

Bethlehem Steel was apparently drying out, and assets were being ripped off in real time.

Everything seemed to be going in Detroit’s favor.

But, as always, things didn’t go smoothly. By a third party, the plate started to run a bit strangely.

The White Knight of Bethlehem appeared.

Rather than being a white knight to be exact, those who tried to interfere with our execution of foreclosures appeared.

“The right to dispose of the property of these shipbuilding facilities is given priority to our creditors!”

Creditors of Bethlehem Steel and Shipyard.

Together with the bankruptcy filing of the Bethlehem Shipyard, they pulled out a card called the Priority of Property Disposal and intervened in our enforcement.

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Of course, the highest priority is foreclosure, and they can file an objection with a third party, so it didn’t matter right now, but it gets into trouble later.

It will be a raging battle in a long courtroom.

Still, it wasn’t completely hopeless.

“Chairman Detroit, I’ve heard the rumors.”

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One of those creditors.

Melon Chairman of Melon Bank, one of New York’s top 10 banks. He was the number one creditor to Bethlehem Steel and Shipyard.

His bonds accounted for more than 50% of the total bonds issued by the Bethlehem Shipyard.

“President Morgan’s boasting about his son was to the point of putting blood on his ears, but looking at it this way, it seems like he’s right again.”

Melon Chairman laughed haphazardly.

“Let’s go to Washington and talk. I’m willing to give up the bond.”

Fortunately.

A person who can speak has appeared.

***

“Melon.”

Washington DC again

Federal Reserve Board Office.

The Melon Chairman of Melon Bank was looking at me with an interesting expression with his chin clenched from the opposite side.

melon.

If you’re used to it, you’re right.

That melon from Carnegie Mellon University is correct. He runs Mellon Bank, one of New York’s top 10 banks, and is a tycoon in the financial world.

I don’t get along well with Rockefeller.

The man who invested in the Texas oil company is this man.

“I’m the Chairman of the Detroit Fed.”

“Yeah, I think your purpose is probably in this bundle of bonds, what do you think? I see you have a strong eye on Bethlehem Steel.”

Hook-and-go method.

If you had heard a lot about me from President Morgan, you would know that I prefer straight-forward and clear conversations.

It was definitely seasoned.

“That’s right. We want our hedge fund to acquire the bonds of Bethlehem Shipyard and Steel.”

“The reason for the first priority in disposing of property is probably necessary. Besides, Melon Bank has filed for bankruptcy, so you may want to withdraw it.”

Hearing the words of Melon Cosmetics, I was immediately awakened.

As part of this yangban, I realized that I had filed for bankruptcy. He had applied for it before the other creditors beat him.

to obtain the right to withdraw.

“You saw me from the beginning and approached me.”

“It sounds a little rude to say that, but you’re half right. I have a lot of favor with you. Of course, I’m going to sell all these bonds. I’ll give it to you for a bargain.”

“Why?”

It jumps to the point where things are so good.

Don’t get caught up in the face. These types of bankers are quick-witted, so if they can’t catch up with them, they’ll dry them up right away.

“To look good.”

“Yes?”

“To show you well. Anyone can see that you have established yourself as a powerful person in the New York financial district. Globally, I don’t know because there are also Rothschilds, but at least I am not so dull that I do not know your influence in the New York financial district.”

Melon’s chairman smashed a bundle of bonds on the desk.

“Aren’t you planning to go head-to-head with the White House now?”

you know it all

But he doesn’t even know about deflation in Russia. Because this was a secret between the UK and myself.

If it leaked, it’s the UK’s fault.

“It’s a head-butt. The patent has been infringed, and we’re just going through a lawsuit for that. There’s no reason to argue with the White House.”

“It’s a coincidence. Not a single dreadnought was lost and the British slapped the Americans in the face, and you tied up the rest of the American dreadnoughts at your disposal.”

“It’s a coincidence.”

“It’s a good coincidence.”

President Melon looked happy.

“I am fortunate to have been able to see such a young man in the last years of my life. I am delighted with every step you take. It is delicious to see.”

is it a stalker?

For a moment, such an impure heart soared, but swallowed it.

“So, what do you want to say?”

“The conclusion is as I said earlier. I’m going to hand over all the bonds at a bargain price. There are no traps and it’s a bond paid purely out of interest in you, so rest assured.”

Melon shrugged.

“It’s been a while since I’ve taken out all my investment and bonds with high interest rates on high-yield bonds. This was possible because your hedge fund lowered Bethlehem’s credit rating to junk bond. It was thrilling to watch the process.”

If it’s a high-yield bond, it’s no different than a dividend.

Melon’s statement is not a lie, as it has attracted huge amounts of money through dumping orders.

In addition, these high-yield bonds should also be considered.

Melon Chairman said even high-yield bonds, but it is highly likely that they made them into bonds optimized for short-term extraction, with special deals and options favorable to them.

Without funds, Bethlehem would have had no choice but to borrow money to weep and eat mustard.

“If you’re unsure, let a notary public be attached to the transaction on this bond. Bring him to your advantage. Only then will you build credibility. For reference, it is a bond with a call option, so if you attach an appropriate reason, the bankruptcy application will be withdrawn and executed. You can do it. Be sure to keep this in mind.”

President Melon looked at me with a smile all the time.

Why?

Why are you offering such good conditions to me?

“What would you do?”

I stared at the Melon President with a slightly stiff face.

Looking around, it doesn’t seem like there’s a place that’s broken.

this bond.

If I get it, I’ll get a kind of cheat that can destroy Bethlehem in an almost cheap price.

The 1st bond was strong in its power.

But the only thing that matters is the intention of Chairman Lee, who is sitting right in front of him.

Hopefully it’s not a giraffe

“What is the reason?”

“If I had to ask, a great curiosity about you?”

ugh

It looked more and more like a gaggle. it’s ugly

Because there is nothing more terrifying than an unreasonable favor.

tuk tuk.

I tapped the table with my fingers.

I closed my eyes for about 10 minutes, immersed in contemplation, and came up with an answer.

“…I have decided.”

＜ Their capitalism. (2) > end