tag:blogger.com,1999:blog-4866022460920878229.post1646231998343042409..comments2023-09-19T07:45:46.828-07:00Comments on The 52 Week Project: Week 35: Case in Point, Khan AcademyStevehttp://www.blogger.com/profile/05171714081043183565noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-4866022460920878229.post-28596681726121514552010-09-08T19:38:30.818-07:002010-09-08T19:38:30.818-07:00Great find! Bookmarked.
One of the best explanat...Great find! Bookmarked. <br /><br />One of the best explanations of how banks work remains encapsulated in the dialogue of the legendary character actor Paul Ford in his role of Banker CP Ballinger in the great movie "A Big Hand for the Little Lady":<br /><br />[upon being offered a poker hand as collateral]<br />C.P. Ballinger, Banker: Forty-six years ago, I started lending money in Larry Bingham's back room. My first customer was a drover named Penny. He wanted two dollars on a Brindle cow at six percent interest. He said she gave six quarts of milk a day. You know what I made him do? I made him move that cow into my back yard for a whole week. And I watched him milk her every day. Sure enough, she gave an average of six and a half quarts a day, so I gave him the money at six and half percent interest. Not only that, I kept the 60 pounds of manure she left behind. When you show me collateral, madam, you better make sure it's good collateral. For forty-six years, I've been lending money on good, old-fashioned principles. I stand here now to tell you one and all that I've never been offered a better piece of collateral that I hold in my hand now!<br /><br /><br />It is even more relevant to today's economy when considered in context with the overall plot of the movie.<br /><br />Best,<br />TJKAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4866022460920878229.post-83720128409253744402010-09-08T15:05:17.238-07:002010-09-08T15:05:17.238-07:00If only I had known about the Organic Chemistry se...If only I had known about the Organic Chemistry section of the Khan Academy about a year ago..Dave Kurzhttps://www.blogger.com/profile/18411402384303696266noreply@blogger.comtag:blogger.com,1999:blog-4866022460920878229.post-16825458098644538302010-09-07T15:47:59.702-07:002010-09-07T15:47:59.702-07:00I can certainly ask!I can certainly ask!Stevehttps://www.blogger.com/profile/05171714081043183565noreply@blogger.comtag:blogger.com,1999:blog-4866022460920878229.post-58483058716679802282010-09-07T15:15:07.811-07:002010-09-07T15:15:07.811-07:00Carioca pleads:
Could your good friend David craf...Carioca pleads:<br /><br />Could your good friend David craft or create some architecture segments for the Khan Academy? :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4866022460920878229.post-50800668406773071782010-09-07T06:53:58.393-07:002010-09-07T06:53:58.393-07:00Bob - You forgot the... "it's hard to ign...Bob - You forgot the... "it's hard to ignore it, but I will." There's DEFINITELY some kind of banking lesson there. <br /><br />David G - I'm sorry for not giving you the shout out. There were a lot of things I had to cut out to make this post work, and you were one of them... <br /><br />Kidding - for the record my good friend DAVID pointed me to this topic.Stevehttps://www.blogger.com/profile/05171714081043183565noreply@blogger.comtag:blogger.com,1999:blog-4866022460920878229.post-63592261584461480572010-09-07T06:50:41.417-07:002010-09-07T06:50:41.417-07:00Thanks for the shout out for leading you to this g...Thanks for the shout out for leading you to this great topic :)David Gnoreply@blogger.comtag:blogger.com,1999:blog-4866022460920878229.post-45631859017306793262010-09-07T06:12:00.538-07:002010-09-07T06:12:00.538-07:00Banking Lesson #2:
"....and that's my ce...Banking Lesson #2:<br /><br />"....and that's my cell phone ringing...I'm going to ignore it...."<br /><br />Love it.Bobhttps://www.blogger.com/profile/16742120190999365875noreply@blogger.comtag:blogger.com,1999:blog-4866022460920878229.post-81408644554606440732010-09-06T19:58:40.902-07:002010-09-06T19:58:40.902-07:00Excellent !Excellent !Anonymousnoreply@blogger.com