All of those people that wanted money from

Dec 25, 2024
4:09:04pm

The Chief All-American

George owned shares in the small building and loan. Potter was offering them 50 cents on the dollar for their shares for liquidity purposes. So basically, he wanted to buy the shares from people because they needed cash.

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The Chief

Bio page: The Chief
Joined: Dec 28, 2004
Last login: Dec 26, 2024
Total posts: 3,362 (2 FO)

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Messages

Author

Time

Question for you finance guys (It’s a Wonderful Life)

cougarblue

Dec 25, 3:57pm

He had more cash reserves?

P-Boy Squad

Dec 25, 3:59pm

What doesn't make sense?

RexIdaCoug

Dec 25, 4:00pm

Shares (deposits). Not 50% on the notes (loans). If someone had shares/deposits

Manti

Dec 25, 4:01pm

This. The building and loan was a cooperative more like a credit union than

UNLVcougar

Dec 25, 4:18pm

Makes more sense with shares. I thought they were trying to cash out notes.

cougarblue

Dec 25, 5:28pm

He's buying at a steep discount in a panic to obtain a controlling interest

Still Blue

Dec 25, 4:04pm

All of those people that wanted money from

The Chief

Dec 25, 4:09pm

Another interesting tidbit

The Chief

Dec 25, 4:10pm

Potter owns the bank and he was willing to take the loss to get

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