The Tyrant Billionaire-Chapter 642 A Bitter Reality And Evil Banks

Who is to blame for failed investments?

The investigation into the financial investment companies revealed that their operations were entirely compliant with the law. The only explanation for the disaster was bad luck—hitting a stock that exploded like a landmine.

Over the past year, Japan had experienced a wave of enthusiasm for investing. Conversations about stocks, futures, and investments dominated social circles. But now, that passion had been completely extinguished. People became fearful of investing altogether.

The once-bustling offices of mortgage investment companies were now desolate.

There were no more protests—those who had lost everything had either given up or died.

And new investors? Nowhere to be found.

Japan's fervor for financial investments had been wiped out in this wave of disaster. It would likely take years, if not a decade, to recover.

Future historians might even refer to this period as"The Lost Decade of Financial Investment."

Previously, as stock values climbed, people felt wealthier on paper and were more willing to spend money. Even the red-light districts saw booming business. But after the stock crash, many were left destitute, and even the red-light districts suffered a downturn.

However, one business thrived.

Some sought its services to numb themselves and forget their pain.

The Japanese Prime Minister and his cabinet convened, concluding that Japan was ill-suited for financial investments at this time. They decided to halt all overseas financial investment operations and issued administrative orders to suspend the activities of certain financial companies.

Prime Minister Yoshida consulted Hardy, as the companies involved were foreign entities, making the situation more complex.

Hardy had no objections to the Japanese government's decision, giving them the green light to proceed with their plans.

Soon after, the government informed the investment companies of their decision.

Within days, several mortgage investment companies published announcements in the newspapers:

"Due to investment failures, we are unable to continue normal operations. Our company has decided to suspend all investment activities and withdraw from Japan."

"All remaining shares will be sold to Wells Fargo Bank, and mortgage loan agreements will also be transferred to Wells Fargo."

And just like that, these companies made a clean exit.

Their high-profile executives, once luminaries in Japan's upper echelons, vanished without a trace.

A few days later, Wells Fargo announced that it had completed the transfer of assets from the investment companies. Wells Fargo acquired all theHans Pharmaceuticalsstocks held by the companies at current market prices, as well as all associated mortgage agreements.

Wells Fargo publicly declared that, to minimize customer losses, it would refund investors the equivalent value of their remaining stocks.

Additionally, Customers with collateral could redeem their items by settling their agreements in full, concluding their investment projects.

To outsiders, This seemed like a benevolent gesture from Wells Fargo, stepping in to bear the brunt of the financial risks while offering a lifeline to Japanese investors.

When Japanese citizens read the reports, many rushed to Wells Fargo, desperate to recover whatever little money they could. They feared that waiting any longer might result in losing even that small amount.

Take Mr. Fukagawa, for instance.

He had mortgaged antiques worth over $200,000, but the cash he received at the bank was a meager $1,000.

His wealth had shrunk by a factor of 200.

He was speechless, his heart aching.

Next to him, another man had invested $2,000. Now, he held just $10 in his hands. Tears rolled down his face as he stared at the money.

Fukagawa thought to himself,

I lost over $200,000 and I'm not crying. What's your problem?

Then the man muttered, "If I only got $10 back for my antique, I'm sure I won't be able to redeem my house and land. Without money, I can't reclaim them. In a few months, the bank will take everything. I'll be sleeping on the streets…boo hoo hoo."

Fukagawa shook his head.

At least he hadn't mortgaged his home.

When he approached another bank window, he handed over a mortgage slip and said, "Miss, I'd like to redeem my collateral."

He pointed to one item on the list:The Manuel I Golden Royal Seal. "This was mortgaged for $1,680. I'd like to redeem it first."

Of all the antiques he had mortgaged, Fukagawa cherished the royal seal the most. He opened his briefcase, pulling out a stack of cash—his last reserves, amounting to just over $1,000. Adding the small refund he had received, he had enough to redeem the seal.

But the bank clerk, after examining his documents, gave him a polite yet mechanical smile and said, "I'm sorry, sir. According to the terms of your mortgage agreement, the collateral is categorized as batch collateral, not individual items. To redeem your collateral, you must pay the full amount for all items in the batch, including commission fees and interest."

"What?!"

Fukagawa was stunned.

His hand froze mid-motion as he extended the money.

"I need to pay the entire amount to redeem my items?" he asked in disbelief.

"Yes, sir," the clerk replied, maintaining her courteous smile.

"That's over $200,000! How could I possibly come up with that kind of money all at once?" Fukagawa stammered.

Even before the crash, he couldn't have mustered such an amount. Now, it was entirely out of reach.

The clerk smiled again and said, "That's what the agreement stipulates. You have a copy of the contract, so you can review it. Would you like to proceed with redeeming your collateral?"

Fukagawa found her polite smile increasingly infuriating.

"No, thank you," he muttered, pocketing the documents and preparing to leave.

The clerk gave him one last reminder: "Sir, according to your contract, the mortgage term expires in February next year. If you fail to redeem your collateral by then, the bank will have the right to seize it automatically."

"Ugh!"

Fukagawa felt as though a dagger had pierced his chest.

That wasn't all.

The clerk added, "By the way, when you redeem your collateral, you'll also need to pay commission fees and interest, so the total amount may increase by about 5%. For your batch, that's approximately $12,000 more."

New novel chapt𝒆rs are published on ƒгeewebnovёl.com.

"Argh!"

Another metaphorical stab to the chest.

Clutching his chest, Fukagawa mumbled, "Thank you, miss. I understand."

As he left, his hunched posture revealed the weight of his despair.

He realized he would never see his antiques again. Stay updated with novelbuddy

---

Banks are Evil.

---