Ok, so this phase 'it's cold let the wangs get bankrupt' is really popular and i have been looking for which novel it originated from. If anyone can help...
I don't think there is a clear origin. Probably a satiric comment about overbearing / tyrant president's attitude, like the also popular sentence: woman, you caught my interest. This book has it in the summary though.... I Have the Aura of Overbearing President