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And the reason why our founders put the charter together
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The Bridge

And the reason why our foundersput the charter together was because Asian Americanscould...

And the reason why our founders
put the charter together was because Asian Americans
could not get bank accounts from mainstream banks, because
of racism and discrimination

Full Transcript

00:00:01.000 --> 00:00:04.211
And the reason why our founders put the charter together
00:00:04.212 --> 00:00:07.089
was because Asian Americans could not get bank accounts
00:00:07.009 --> 00:00:10.509
from mainstream banks, because of racism and discrimination.
Duration
12 seconds
Views
39
Timestamp in Movie
00:39:30
Uploaded
Apr 09, 2025
Genres
documentary
Production
Arowana Films

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Movie Summary

Fifty years ago, our country grappled with discrimination that profoundly impacted minority communities. In Los Angeles, neighborhood leaders united to challenge these barriers by establishing a community-focused bank, aiming to d...
But the irony is that the founders, the Asian American founders, - The Bridge 00:14
But the irony is that the founders, the Asian American found...
When you really understand how America works, - The Bridge 00:11
When you really understand how America works,
Whether you buy a home, buy a car, start a business, - The Bridge 00:08
Whether you buy a home, buy a car, start a business,
And to make sure that people of color and disadvantaged people - The Bridge 00:11
And to make sure that people of color and disadvantaged peop...
But I couldn't do it without a partner like you, without a friend like you, - The Bridge 00:08
But I couldn't do it without a partner like you, withou...
The last major bank crisis occurred over 15 years ago, - The Bridge 00:09
The last major bank crisis occurred over 15 years ago,
During 2008, and also the early part of 2009, - The Bridge 00:10
During 2008, and also the early part of 2009,
The Dow, at the same time, has fallen about 18%. - The Bridge 00:05
The Dow, at the same time, has fallen about 18%.
The financial crisis in 2008, I never saw it coming with that kind of velocity. - The Bridge 00:08
The financial crisis in 2008, I never saw it coming with tha...
It was the worst day on Wall Street since the crash of 1987. - The Bridge 00:07
It was the worst day on Wall Street since the crash of 1987.
I knew something bad was gonna happen, but I had no idea it would get so bad. - The Bridge 00:08
I knew something bad was gonna happen, but I had no idea it ...
This could be the most serious recession in decades. - The Bridge 00:06
This could be the most serious recession in decades.
You know, every bank, if they're honest with themselves, they were scared. - The Bridge 00:05
You know, every bank, if they're honest with themselves...
If you're a bank, you're like a store. Your inventory is cash. - The Bridge 00:06
If you're a bank, you're like a store. Your invent...
They started lining up before dawn here - The Bridge 00:09
They started lining up before dawn here
I think, before that point in time, I think there was a lot of discussion - The Bridge 00:12
I think, before that point in time, I think there was a lot ...
It wouldn't impact other banks, banks such as ourselves. - The Bridge 00:05
It wouldn't impact other banks, banks such as ourselves...
We spent a lot of time really focusing on the liquidity - The Bridge 00:07
We spent a lot of time really focusing on the liquidity
We had plenty of equity. We had plenty of capital. - The Bridge 00:05
We had plenty of equity. We had plenty of capital.
When there first were kind of signs that things weren't going so good - The Bridge 00:20
When there first were kind of signs that things weren't...