Showing posts with label banks. Show all posts
Showing posts with label banks. Show all posts

Sunday, May 13, 2012

George and Gracie Discuss the Dishonesty of Banks

In view of last week's disclosure that JPMorganChase lost $2 billion in derivatives trading, it seemed appropriate to post this exchange from the December 7, 1950 episode of the George Burns and Gracie Allen show:
George: Mr. Vanderlip was here—
Gracie: Oh, don’t mention that man’s name to me again. I’m never going in his bank again.
George: Why not?
Gracie: Well, because it’s dishonest.
George: Dishonest?
Gracie: I was there yesterday to make a deposit and as fast as I put money in one window, somebody was taking it out of another.
Obviously Gracie subscribes to the Austrian school of economics.

The exchange about banks is at 26:00, but the whole episode is worth watching.