Gruss Gott <[email protected]> wrote: > Michael Dinowitz <[email protected]> wrote: >> I think you're going to have to go into more details on this in another >> thread. >>> >>> I also read Lords of Finance on vacation too >
Ah, the thing about the Bank of the US, forgot about that. I'm just going from memory, but basically - from the book - the bank that started the run on the banks in 1930 was The Bank of the US, a textile bank in NY started by this guy named Marcus who was a Jewish garment worker; i.e., he started the bank for other garment workers (who were mostly Jews as I understand it). The story goes that Marcus' son wasn't running the bank too well around 1930 (think Madoff-lite). One morning a garment worker walks in to exchange his $200/share stock for $200 as the bank had promised (only now it was only worth about $40). The bank tried to convince him otherwise and told him to come back later and then if he still wanted his money he could have it. The guy left, was pissed and so told the press that the bank didn't have any money. By mid-day there was a run on the bank that had mounted police holding back depositors. This panic spread eventually melting down the US economy. As was customary for all finance crises of the time, the big NY bankers (many of them Jews: Warburg, Rothchilds, etc) assembled to consider bailing out the bank. At the last moment, after they'd all agreed to bail out the bank, one of them pulled the plug on the deal (can't remember which) because he didn't want to help out Marcus' son. It was implied in the book that this was due, in part, because Marcus was of poor garment worker Jew stock and not of the same heritage as the banking Jews ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:335532 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
