"Wall of Greed" currency hoard
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Saw this over on the Paper Money Forum. More a comment on the sad state of human nature, which I figgered made it of interest over here as well.....
Wall Of Greed Linky
Wall Of Greed Linky
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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- and it doesnt even seem like they graded the notes??
<< <i>no good deed shall go unpunished. the contractor should have kept the money and retired. >>
Huh? It was not his, it was the homeowners. Its not a "good deed" it is the law. Had he hid it from her he should go to prison, how would he know she did not know about it, which is irrelevant anyway?
"He's often asked why he didn't keep his mouth shut and pocket the money. He simply answers that he wasn't raised that way."
I guess he was raised to demand 40%, but to take all would be wrong.
Okie dokie, then.
Hoarding cash was one of the great problems during the Great Depression. People were reluctant to spend or invest the money they had because the economic prospects were so bleak. One of the goals of the Roosevelt administration was to get people to take out their from under the mattress and spend or invest it.
<< <i>Why is this called “a wall of greed?” During the Great Depression hoarding cash was not a totally dumb move. The banks had no FDIC insurance, and if the bank went belly up, you lost your deposits. That happened to my father who put the cash awards he won at his high school graduation in the bank. He lost it all. Given the gold surrender order, the owner might not have had the option of putting gold behind the wall at the time he did it.
Hoarding cash was one of the great problems during the Great Depression. People were reluctant to spend or invest the money they had because the economic prospects were so bleak. One of the goals of the Roosevelt administration was to get people to take out their from under the mattress and spend or invest it. >>
I believe they are referring to those that found it recently and how their greed caused them to end up with very little of it in the end.
Cleveland Magazine article
Edited: the article posted above says that's exactly what happened, and the heirs got over 86%.
The article states it happened in 2008.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
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