In the movie “It’s a Wonderful Life,” Mr. Potter basically buys people’s money for pennies on the dollar. The banks were all closed and he offered to give people a fraction of the money they had in their account, or something like that.
I was just having flashbacks hearing this now, talking about giving people less money for their IOU. Life imitating art? I’m thinking that was happening back then during the period of time that the movie was based. History revisited here.
