Bank Runs-You could have knocked me over with a pin

American Madness -Directed by Frank Capra

I wonder if this is how Lehman Brothers went down. One scene illustrates just how quickly rumors get out of control and leads to a bank run. It just takes a pin to pop a balloon.
The underlying issue is that no one seems to trust the bank and who operates it. The flurry of phone calls and panicked voices. A complete void of trust in the financial system.

The topic of hoarded cash, sitting idle is a theme I’ve heard recently on the news. There is a scene where they discuss bringing the country back to prosperity by getting money in circulation. The scene where they are constructing a bailout is chilling.

We have been here before. In the film a character argues, “Help Jones, and you help the whole circle”. He goes on to say, “Jones is no risk, neither are the thousands of other Jone’s in this country.”

Oh my, hang on tight folks this film is going to hit home. I highly recommend American Madness after you go and see Michael Moore’s film, Capitalism: A Love Story.

Filed under: American Madness, Bank Run, hoarded cash, Lehman Brothers, prosperity, American Madness, Bank Run, hoarded cash, Lehman Brothers