When I read the headline of your article, I decided on mine, before reading the article. Mine was from "The Big Short", when the character played by Steve Carrell was sitting in an auditorium listening to a speaker, while on his cell phone, he stood up and interrupted the speaker and gave a short speech. In full disclosure, I haven't watched "Too Big Too Fail", but I will now.
GE was heavily in to retail and wholesale lending in the RV business in 2008. They cancelled virtually all dealer agreements (along with Key Bank) on September 28, 2008 and exited retail lending (despite RV borrowers having one of the lowest default rates). Within 6 months, about 30%+ of RV dealers went bankrupt. 2008 was the worst year for the RV business, since the early '80's. However, 2024 was worse than 2008 and the first half of 2025 was even worse, than 2024. Virtually, no dealers have gone out of business in the past 18 months. This is because the banks continue to lend, in spite of truly horrendous banking ratios and balance sheets. It's an example of the Money Printer at it's finest!
An insightful and revealing post mortem of corporate fudging Garrett. Monty Python and the Holy Grail gets my vote.
Crossing the bridge scene is pure genius.https://youtu.be/VvSO5KEnaVE?si=CkcD5V_kkvluX_em
Excellent Jeff, thank you, I had forgotten about that scene. Great to start my day in kiwiland with a couple of laughs
When I read the headline of your article, I decided on mine, before reading the article. Mine was from "The Big Short", when the character played by Steve Carrell was sitting in an auditorium listening to a speaker, while on his cell phone, he stood up and interrupted the speaker and gave a short speech. In full disclosure, I haven't watched "Too Big Too Fail", but I will now.
GE was heavily in to retail and wholesale lending in the RV business in 2008. They cancelled virtually all dealer agreements (along with Key Bank) on September 28, 2008 and exited retail lending (despite RV borrowers having one of the lowest default rates). Within 6 months, about 30%+ of RV dealers went bankrupt. 2008 was the worst year for the RV business, since the early '80's. However, 2024 was worse than 2008 and the first half of 2025 was even worse, than 2024. Virtually, no dealers have gone out of business in the past 18 months. This is because the banks continue to lend, in spite of truly horrendous banking ratios and balance sheets. It's an example of the Money Printer at it's finest!
Any monty is very funny. Python spin off Fawlty Towers even funnier especially the "German vjsitors" scene.. and SNL "COWBELL"
Barbarians at the Gate!