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This could be the most serious recession in decades
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The Bridge

This could be the mostserious recession in decades

This could be the most
serious recession in decades

Full Transcript

00:00:01.000 --> 00:00:04.067
This could be the most serious recession in decades.
Duration
6 seconds
Views
70
Timestamp in Movie
00:41:05
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...
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...
Had our customers not trusted in East West management, - The Bridge 00:10
Had our customers not trusted in East West management,
We were fortunate to actually come out of the Great Recession - The Bridge 00:08
We were fortunate to actually come out of the Great Recessio...
The FDIC would always sell the banks, too, usually to a very large bank. - The Bridge 00:07
The FDIC would always sell the banks, too, usually to a very...
We knew that this would be something - The Bridge 00:20
We knew that this would be something
East West did not have branches - The Bridge 00:10
East West did not have branches
In addition to that, - The Bridge 00:10
In addition to that,
The U.S. is a country with many, many banks. - The Bridge 00:07
The U.S. is a country with many, many banks.
You know, the scale and the size does matter as far as the reach. - The Bridge 00:06
You know, the scale and the size does matter as far as the r...
So we actually benefit enormously from the global financial crisis. - The Bridge 00:08
So we actually benefit enormously from the global financial ...
Seizing on the moment, - The Bridge 00:09
Seizing on the moment,
Those new industries included clean energy, - The Bridge 00:07
Those new industries included clean energy,
Studios from China were coming to Hollywood - The Bridge 00:10
Studios from China were coming to Hollywood