MAY 29, 1943

Full News Archive

• Headline: Approval of Savings Company Shift in 1943. Impact: This 'shift' in the savings company might have led to your great-grandparents losing their life savings in a sketchy investment scheme. And you thought your family's financial woes were all on you!. Fact: Did you know that most shifts in savings companies are just code for 'we’re moving your money around to keep our yacht payments up to date'?.
• Headline: Forger Sent to Sing Sing Prison. Impact: Brooke's trip to Sing Sing likely inspired countless Hollywood movies about forgers, leading to the rise of the anti-hero in cinema. Thanks, W.E.! You turned crime into entertainment!. Fact: Ironically, 'Sing Sing' is not a musical, although it sounds like it could have been the title of a really bad Broadway show about prison life..
• Headline: BUF. Impact: Heberling’s mention in the headlines might have set off a chain reaction of people with the last name 'Heberling' trying to make a name for themselves. Spoiler alert: most of them failed spectacularly.. Fact: The name 'Heberling' has been linked to several theories about long-lost relatives who were all just as confused about their lineage as you are..
• Headline: Treasury Accepts Tenders. Impact: The Treasury's acceptance of tenders has created a ripple effect of financial jargon that still confuses people today, leading to the rise of finance bros who speak in a language that sounds like a mix of Wall Street and gibberish.. Fact: Tender offers are like dating in finance: everyone wants to put their best foot forward, but someone ends up getting hurt..
• Headline: SMALL LOANS HELD VALID ON APPEAL; State Supreme Court Ruling in Household Finance Case Reversed in Brief Opinion BORROWERS MUST PAY UP Language of Loan Statement Called 'Sufficient to Comply With the Statute'. Impact: This supreme court ruling could have opened the floodgates for predatory lending practices, resulting in a generation of people who thought 'small loans' were just a friendly way to say 'we're going to rob you blind.'. Fact: In legal terms, 'small loans' often translates to 'we're going to give you just enough rope to hang yourself financially.'.