Want to retire in style?
For many Americans, one of the few ways to do so is to rob a bank.
That’s the clear message in “Going in Style,” starring Morgan Freeman, Michael Caine and Alan Arkin.
These ex-steel workers no longer have pensions. The steel firm they worked for did a big M&A, is closing down its U.S. plants and moving everything to Vietnam.
Meanwhile, the character played by Caine, Joe Harding, has a home that he refinanced and is about to go into foreclosure because he can’t make the payments.
“You acknowledged the disclosure,” his banker says with a smile.
This same bank has been hired by the steel company to take the steel workers’ pension fund money and use to pay off any outstanding bills.
The three older gents know what must be done. The banks (not the broader economy or financial system) have “screwed their retirement,” they say. It’s payback time.
The heartless portrayal of a character in the financial world brings to mind the character Gordon Gekko in “Wall Street.” Greed first, people second.