This was kinda like the Big Short but without the funny parts.
Admittedly what I know about banking could fit on the head of a pin but the overall message that the banks caused the problem and then we bailed them out with nary a restriction on how they used the money was very believable for me because, why not? As my mom always used to say, the rich get richer
This is the quote from the movie that boggles my mind: "There is not a bank in the world that has enough money in its vault to pay its depositors. It's all built on trust."
I read this in a book recently about money and how it's all built on trust. Someone hands you a twenty dollar bill, what is it really worth? The paper and ink mean nothing. It's the belief that someone else will accept it for $20 worth of goods or services that makes it valuable. Our whole system is based on that faith and it's scary when you really stop to think about it. Movies like this make you do just that.
Admittedly what I know about banking could fit on the head of a pin but the overall message that the banks caused the problem and then we bailed them out with nary a restriction on how they used the money was very believable for me because, why not? As my mom always used to say, the rich get richer
This is the quote from the movie that boggles my mind: "There is not a bank in the world that has enough money in its vault to pay its depositors. It's all built on trust."
I read this in a book recently about money and how it's all built on trust. Someone hands you a twenty dollar bill, what is it really worth? The paper and ink mean nothing. It's the belief that someone else will accept it for $20 worth of goods or services that makes it valuable. Our whole system is based on that faith and it's scary when you really stop to think about it. Movies like this make you do just that.