Thursday, December 25, 2008

Update on The Baileys and Potter

As an adjunct to last night's post on It's A Wonderful Life, there is this item in today's business section of the NY Times. Jeffrey Goldfarb writes in Timely Twists on Holiday Films:

The most beloved films of Christmas are about redemption, often set against a backdrop of banking, real estate and commercialism. After the financial troubles of 2008, favorites like “It’s a Wonderful Life” and “Miracle on 34th Street” probably will be seen in a whole new light this holiday season.

Hollywood isn’t always content to let the audience do the re-imagining, however. Producers might want to create their own remakes, tinkering with the originals to frame them more appropriately for the current era. So we have imagined how five of the most popular holiday classics might be storyboarded to reflect the credit crisis.


This time around it’s Henry Potter who is suicidal on the eve of Christmas 2006 because his stingy banking has cost him immeasurable fees and sent his customers to mortgage lender George Bailey, who loved giving cheap loans to poor people. The angel Clarence Oddbody visits to show him that if Henry had never existed, Bedford Falls would have been called Baileyville, a boom-and-bust town ravaged by excessive leverage. With his newfound appreciation for what he has contributed to society, he returns home to find modest-living friends and family members, thankful to Mr. Potter for saving them from themselves.

The other four movie revisions are pretty funny too.

Related: The Subprime Mortgage Crisis: It Was All George Bailey's Fault

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