Question
Watch the following video clip from the classic movie It's a Wonderful Life to get a little look at what happens when a bank begins
Watch the following video clip from the classic movie "It's a Wonderful Life" to get a little look at what happens when a bank begins to fail.
https://www.youtube.com/watch?v=EOzMdEwYmDU
Do you think you would have been reassured by the speech made by George Bailey (a.k.a. Jimmy Stewart) about where the money was? Or would you have insisted on getting all of your money back immediately?
Things are much safer in the banks these days with FDIC, but people have certainly lost money in many other ways over the past several years. Do you have faith in the banking industry? In the past few weeks people have gone to their bank and withdrawn large amounts of cash as part of the general fear and anxiety over COVID-19. Have you seen this happening in your family?
Search the web for recent stories about the banking industry, financial sector and/or Wall Street. Where do you stand on the the controversy over whether there should be more or less regulation of the financial sector. There should be LOTS of articles you can find from the past few years because the Republicans have been busy rolling back regulations.
Share the URL of the article you found and take a stand on whether you are in favor of more regulation of the financial sector or less regulation. Or talk about your overall faith in the US banking system and how that faith may be shaken by something like the current pandemic we are living through.
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