December 19, 2008

"It's a Wonderful Life" Revisionism of the Week

Yea, I knew someone would write this piece this year. Watching it last weekend, I was struck by how George Bailey is put forward as a good guy because his Building and Loan refused to foreclose on people who couldn't pay their mortgages, something that takes on new resonance these days. Then again, at least he didn't sell their mortgages into the asset-backed securitization market.

Posted by Stephen Silver at December 19, 2008 04:40 PM
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