It’s A Wonderful Life bank run
Posted by admin on Nov 15, 2009 in Uncategorized |
A topical clip from 1946. self-evident.org … george bailey angelo mozilo countrywide
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Bank Runs will be more common, take your money out now, while you still can. This global credit crisis will hit every Bank. Government guarantees on banks could take 6 months to 2 years to retrieve your money. Australian banks don’t guarantee deposits, only that depositors will have first claim to bank assets. Most countries have limits on guarantees, USA it’s 100K per PERSON (even if you have multiple accounts across different banks).
You’re very pessimistic,but you might be right.Things are certainly tricky. Anyway,I love the understatement of this vid.And I think in Holland it’s €20.000, are we lucky!
“Your money’s not here. It’s in Mr. Kennedy’s house, and a hundred other houses.”
What happens when Mr.Kennedy borrowed 90% to buy his house and it drops by 20%?
Your money is nowhere. It is legally in the pocket of the seller, and you arent getting it (all) back.
What do you mean “Your money’s not here?” Give me my money!
Hey whaddaya doin’ with my money in your house, Fred!? *punch*
Can you make George say “Your money is Joe the Alcholic’s house” and “I loaned your money to a bunch of shiftless losers.”
um, no, in the US it’s $100,000 per institution, a very significant difference. Also if you recall the 90-91 crunch they let very few depositors (even with more than $100k, and even of the worst banks) lose money.
potter’s not selling. potter’s buying!
aka…
in bear markets, stocks return to their rightful owners.
Good luck getting your F.D.I.C. insurance when the shit hits the fan! Better empty your safety deposit boxes too!
how wonderful a statement of our own times!
Does anyone have the bit where he calls Potter a measly spider????
Don’t worry about it. Your money is in Mr. Spitzer’s house. He used the money to buy a hooker from Jersey and he didn’t invite you.
Despite the weekend agreement for JPMorgan Chase & Co. to buy Bear Stearns for a fraction of its value last week, worries that other banks had sizable exposure to troubled credit markets sent global markets tumbling.
Potters not selling, he’s buying! Aka the Fed Reserve.. til all banks are under their control .
Greedy fucking bastards all of them..
Welcome to the Matrix!
Unfortunately, Joe took out two second mortgages when house prices were high, and bought a boat and one of those new-fangled “radio” things. When the house prices fell, he left the keys in the mailbox and left for Florida. Your money is not in Joe’s house anymore. It’s in the home-builder’s bank account, and a boat and a radio.
Isn’t fractional reserve banking fun? That’s why they called it the “Great” Depression. Here comes another one, just like the other one!
I had to look for this scene only because it’s been on my mind lately. And then I see all of these responses, and I’m thinking, “Damn, people! The foresight in Congress PALES in comparison to what y’all are thinking!!”
Right now, it doesn’t look like the money is in anyone’s house…the homes are empty, and the gates are locked.
Some funds here in Australia have been frozen for 6 months. Its happening times all right The more things change the more they remain the same.. I love being old you can predict the future
Pretty simple, Potter was a crook. He stole the money that was lost in the bank, did not return it. Evil man. I think its kinda a view of how things were back when the film was made, people thought bankers were evil.
The Simpsons parody of this is hilarious!
“Hey what the hell is your money doing in MY house Joe?”
Hey wat the hell u doing with my money fred
Stewart mentioned in great new bio (Charlton Heston: An Incredible life) at amazon. Its by Michelle Bernier!
yeh, zoomer….I would NEVER do what Potter did……maybe if I was starving I might take a hundred bucks and mail the rest back to the bank.
I am not paranoid by any means….but…..I could “really” see this happening w/in a year or so. Lets just hope to god that American paper money even has any value in a year.
“I love being old you can predict the future”
Classic!
This is my favourite Christmas movie, and watch it ever year.
maybe people were smarter back then