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Full story (with explanations and links) at Peace Couple: here.
You have probably seen the movie, It’s A Wonderful Life, starring Jimmy Stewart. It is based on the 1943 short story “The Greatest Gift” by Philip Van Doren Stern. Though, it could all be happening right now…
A dozen reasons the movie “It’s A Wonderful Life” is just like Occupy Wall Street:
1. Handmade Signs
2. Place names get switched back and forth, in a struggle with the 1%.
3. There’s a run on the banks…
(Read the rest of the story: here.)
Filed under: activism, Anti-War, Art, economy, Holidays, music, nonviolence, Occupy Wall Street, Peace, politics, progressive politics, social & economic justice, US Politics, war Tagged: | big banks, christmas, Christmas specials, credit unions, economic justice, George Bailey, holiday specials, It's a Wonderful Life, James Stewart, Jimmy Stewart, megabanks, Mic Check, Movies, ows, People's Mic, Philip Van Doren Stern, tv, tv specials, wall street, Wonderful Life
[…] With the increase in volume of reverse mortgages, the banks do not want to hold the mortgages. They are pushing to adopt the worst attribute of the sub-prime casino — securitization. This means that there no longer is any connection between the homeowner and their bank. The loan is sliced and diced into an investment vehicle with piles of other reverse mortgages and is sold on Wall Street. Not only doesn’t a homeowner with a securitized loan have a person to talk to, they don’t even know what faceless corporate entity holds their loan. Securitization also greatly increases the risk on the bank side by de-linking the people who make the loans from the people who ultimately hold the loans. Securitization is the cancer that killed the modern-day George Bailey. […]
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