Monday, March 19, 2012

Frank Capra Does Banking

Before the feel good Christmas movie, It's a Wonderful Life, Frank Capra directing a movie called American Madness in 1932, a propaganda piece for the populist ideas that banks were the problem, people were hoarding money, and “good” people deserve loans to get the economy going. This speech, delivered by Walter Huston, the bank president, sounds remarkably contemporary and could have been made in 2008 or 2011.

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