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Dec 25, 2024
4:10
:24
pm
The Chief
All-American
Another interesting tidbit
George was making about $40 to $50K a year, and Potter offered him $350K to work for him (all in today’s dollars).
It puts into perspective the amount of money George walked away from.
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The Chief
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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
Cougrrrs Roll
Dec 25, 7:49pm
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