Bank Kicks Out The Black Man, Not Realizing He's Their Boss

A boy named Bernard Garrett works as a shoeshine boy near the main

bank

in a small Texas town. It is 1939, the height of racial discrimination in the United States. The young man does his job calmly with the purpose of listening to the conversations of the

bank

's employees and clients. After finishing his work, he writes down everything he has learned in a notebook. One day, when he overhears the bankers' conversation near the window and discovers how they estimate the value of mortgaged real estate, he is noticed by the driver of one of the clients. from the bank.

SP gets involved in these white people's business and scares the boy away by threatening to tell his father. In the evening, the father realizes that his son is gifted with special intelligence after having investigated his son's notebook, but admits that he is unlikely to get rich because the whites simply won't allow it for 15 years. Later, after having raised enough money, Bernard with his wife and son moves from the conservative state of Texas to the more democratic California in Los Angeles. They stay with his wife's uncle in a small room for a modest fee. He suggests that Bernard get a job in a factory, but the guy is serious about getting into real estate in Los Angeles, prompting a mockery from the uncle.

When Bernard went to put his son to bed, the uncle tries to teach Bernard a lesson. her niece, but she remains proud. What does her husband have against working if we need to supplement our income until he finds the right property? I'll work at the Plantation Club, but if he's a real man, he won't let you, that won't be for him. To believe that my husband is a genius, you see. Bernie then promises her wife that he will get her and her son out of that barn as soon as possible. The next day, Bernard takes his cousin to work, where he meets a bright white boy named Matt.

You didn't tell me that you had a rich uncle, it's a pleasure to meet you, not very rich and I'm his cousin, you have a car, you're rich to me, Bernard examines all the offers on the market and tries to lower the price he manages. to find an apartment building, but unfortunately the building needs renovation and his money is only enough for the building itself. His wife is surprised that her husband is targeting a white neighborhood, but Bernard doesn't care at all. He realizes that

black

neighborhoods are overcrowded. and they're just bursting at the seams, so they'll have to expand anyway, then his wife says she can find an investor and takes him to the Jazz Club Plantation, which is owned by an old acquaintance of his, a

black

Playboy named Joe Morris during the conversation with Joe. she shows off and mocks Bernard, this angers the man and he quickly leaves Joe's company.

Bernard tells his wife that he should not deal with a man like that, much less ask him to borrow money. She says he just looks like Nick Fury, but he's a good and trustworthy man, plus he's friends with the mayor of the city, well that's the mayor, dummy, do you want to meet him because he's Joe's friend? Bernard has no choice but to go to the owner of the building and try to get the price. Downstairs, the owner turns out to be a very intelligent businessman with a thick Irish accent. He wants $40,000 for the building. Bernard's efforts to lower the price to $30,000 are unsuccessful.

He then asks to split the payment into two installments. 30,000 is paid immediately and the rest 10,000 when the building is fully rented my talents will not pay more even if they can see the reflections in those floors, but another market will be black doctors, lawyers, professors who will look for a place to move outside of the ghettos which they have been forced to enter. no one is going after that market, but I can Bernard's pressure and mathematical talent impress the Irishman, but he is not willing to take the risk and rejects Bernard before abandoning Bernard Peaks in the face of the bank's name on the calendar and the name of the staff of the man. manager that same afternoon Bernard heads to that same bank and tries to talk to the manager, but the secretary blatantly lies to the man to his face as if he is trying to get rid of the dark-skinned man in some sort of polite way.

Sorry, Mr. Reita, can I take a message? I have very good eyesight and can clearly read the nameplate on his desk. Sorry I was wrong. Mr. Reed cannot meet with you at this time, but he could take a message. So Bernard has to wait. to the manager for several hours on the street after a day of work Bernard dialogues with the manager outside the bank trying to get a loan he tells the manager the whole thing at night Bernard is ready to give up but the Irishman calls Him and starts a conversation with some statements: Did you use my name to try to get a loan from Mr.

Reed at Mid City Bank? Yeah, do you think that's business as usual? Customs is no good, at least we can agree on that, however Bernard gets. Good news: the manager will grant him a loan because the Irishman is willing to act as his guarantor. He is impressed by Bernard's drive and realizes that such a determined man can really succeed in business. This makes the man cry once the deal is closed. Bernard's wife. drags him to that same Joe Morris jazz club to celebrate a small victory at the club Joe approaches him and in his own way tries to strike up a conversation with Bernard again starting with a secondary topic in quotes I'm not your target, you go to everyone's table here to reassure his clients that they might not have to skip some of them Joe admits that he likes it when black people succeed and sees the traits of a successful man in Bernard Bernard and his cousin are doing some minor repairs on the house when de Suddenly a tenant realizes what you are doing here, he immediately begins to scold the man, but in the course of the conversation, Bernard admits that he bought the house, don't be cheeky, boy, this is a white building, you can't be owner of this.

Instead, his cousin's friend Matt joins them, but are you okay with working for me? Money is green, that's the only concern about the color. I got the three of them to start working hard, but a few hours later the police arrive saying an old woman called them because he was black. the man pretends to be the owner of the building Bernard declares that he is actually the owner, which provokes ridicule from the police, then he shows them a copy of the property title and the police leave without forgetting to say try to be more respectful with

their

tenants. yes sir officer, sorry for the inconvenience at night Bernard moves into one of the apartments, which causes wild resentment in that old woman, she has no intention of tolerating the neighborhood with black people, so the next day she moves out his apartment, but the apartment does not remain empty for long because before long a wealthy black lady moves in.

Bernard gives the Irishman the remaining money. The man offers Bernard a company and offers him to buy houses thanks to his reputation in the world. bank and shares all profits 50/50 he is Irish so Americans are reluctant to deal with him. He suggests Bernard negotiate over the phone as he has competent speaking skills and is excellent at negotiating and, most importantly, good at calculations, but when they need a face to sign the deal it will be the Irish who eventually buy a large number of houses. throughout the area and the business begins to take off Bernard buys a fairly decent house for his wife all the houses are successfully occupied by solvent people and Bernard The business is booming, but as you know, UPS are often followed by Downs, the death of Bernard's partner marked the beginning of that downhill slide after the Irishman's death.

His wife is willing to buy out Bernard because she is not going to run the business. With a black man she offers an amount four times less than the market value. Bernard says that he owns 50% of the houses, but since the agreement between them was only verbal, the woman cannot pay him anything, so Bernard has two options: take what she gives him. or try to sue him and possibly end up with nothing in an attempt to find a witness to his deal, he goes to the bank manager, who refuses to see him because he is already working with the Irishman's wife.

Bernard realizes that he has nothing to gain and heads to the exit at the door and sees a sign with companies that rent offices in this building, among them there are mainly banks. He comes up with a bold and almost unreal idea: buy the entire building so that no one here dares to ignore it. His bold idea, fueled by a wounded ego, causes him to abandon personal prejudices and principles and turn to Joe Morris. Bernard offers Joe to jointly buy the building because he owns several commercial buildings in black neighborhoods and understands the commercial real estate market, but the savvy businessman doesn't want to go into white territory, you know there isn't a single black-owned building in the country. downtown Los Angeles and there is a reason for that now convince me however Bernard convinces him with the phrase that the banks will not dare to reject them just sitting in

their

building, in addition, the banks have information about real estate, which will make it easier for them to search and evaluation of new investment objects.

Surely Joe likes the idea, of course, no one will want to sell the building built to blacks, besides, they won't even do it. He contacts them to offer Matt to be his representative. The boy is scared by the proposal and says that he will not play that role. Joe, seeing this fool, doesn't believe the boy can help the case, but Bernard is sure he can be trained Matt is sitting in a cafe thinking that a waitress recognizes him she studied with him at the same school you you were a few years ahead of me, but I mean, everyone knew who you were flirting with the guy the girl is interested in which he is very taken aback and during the conversation Matt says that he was offered a partnership in a real estate business partnership.

The humble factory worker felt very proud when he told this to the girl and she also started talking to him respectfully, this played a key role in the final decision he is full of enthusiasm and gladly accepts the case I am into businessmen They begin to teach the boy all the subtleties of the rich life. Joe teaches him how to play golf and talk to rich people. Bernard tries to explain to him how multipliers and formulas work for real estate valuation work. Seeing the boy's blank look, Bernard realizes. Realizing that he needs to start his training with the most basic things maybe we should start with a math review which will be great at first, the boy is unsuccessful which disappoints Joe and he realizes that in a month they won't be able to convert him into a worthy representative of his interests but little by little the young man begins to demonstrate excellent learning ability thanks to his exceptional memory, after a month he easily performs complex mathematical calculations without taking off. of the golf game Joe organizes a game for him at an elite golf club in the city where he supposedly accidentally meets the owner of that same building named Charles Renault after the game Bernard begins to prepare the boy for a business meeting with Renault , he explains to him all the trading options, all the possible quantities and offers, the guy cannot cope with such complex calculations, so he simply memorizes all the combinations by heart thanks to his excellent memory, I just memorize everything mhm, yes, I have a very good memory, that good.

During the meeting with the owner Matt demonstrates excellent knowledge of all financial perspectives of the building. He floods Renault with his calculations. He surprises the man with his mathematical skills. How do you do this in your head? Not even his accountant with a calculating machine can keep up. The guy, especially considering the vacancies that are at least 9% less than I counted 12, how do you even know that Charles? It's November. It gets dark at 5:00 p.m. m. If you want to tell someone about your vacancy rate, you need light shining on all those Unleashed Spaces at 4:30. In the end, he corners the businessman, thanks to which he manages to lower the price from 25 million to 1 and A2.

I'll tell you what I'll give you two options: we get an 11% rate of return on equity and you take your 25% profit on the margin or we get a 10.5% cap rate and you take 18% instead of a 25%. profit margin you can choose but he can't help you the partners celebrate the Victory and immediately start buying houses in white neighborhoods with access to favorable loans the manager who has always ignored Bernard is bewildered at how things in life can turn out to be Really great Heights in the real estate market have 177 buildings, some of which have more than 100 apartments.

The large amount of real estate in whites-only areas makes them critical in the fight against housing segregation in Los Angeles. They have even personally welcomed the vice president of the country into his building and Matt marries his sexy waitress in 1963. Bernard is already a successful businessman and comes to his small town in Texas to see hisfather at that time Texas was the most radical state and the attitude towards blacks here remained unchanged. The father admits that he is proud of his son Bernard says that it is easier for black people to live in California but the man tells his son I don't think it is California these words encourage the boy the next day he goes for a walk through his city with his son in expensive suits the son is surprised that people look at them like that the son separates the man explains that this place is radically different from California I'm sorry you had to see that they approached the continental bank where Bernard used to be shining shoes and gain invaluable knowledge, he asks the local shoeshine boy how much shine, but the boy replies that there are only white people here, sir, this once again stimulates the revolutionary businessman at night, he confesses to his wife that he wants to buy the bank, so that blacks in Texas will have the opportunity to have a decent life after all, all the banks in Texas create unrealistic credit conditions for blacks with their inflated interest rates so that they cannot make loans and therefore violates his constitutional rights, his wife realizes that if Bernard is up to something, he will follow through upon arriving in Los Angeles.

Bernard tries to convince Joe to participate in this company, but the latter says that it already seems like altruism for blacks instead of doing business. What's more, according to Texas rules, they can't even enter their bank to check on Matt after all the black people are only allowed to enter the bank as help, but seeing that Bernard will continue doing what he is doing with o Without him, Joe agrees to this crazy deal. take Matt to a meeting with the bank owner, Robert Florence Joe accompanies Matt under the guise of a chauffeur the bank owner is ready to sell his business for an agreed upon sum on one condition his son Robert Florence Jr must remain in the business. bank as credit expert and the owner retains 20% of the shares, everyone is ready for the deal, but Offspring, unhappy with the owner, asks awkward questions like why Matt's partners are not present in the deal, who are Bernard Garrett and Joseph Morris, my financial partner in Los Angeles, why.

Honestly, aren't they here because they're too rich to bother? That's why they have me, but despite this, the deal goes well and the trio successfully acquires the bank. Bernard immediately goes to the black preachers and informs them that he and his partners have purchased. The continental bank will change the bank's policy regarding loans to blacks. Need your help to identify responsible potential borrowers in your congregations. Additionally, everyone must maintain confidentiality. Bernard makes do with business and mortgage loans to blacks. Thanks to his loan, we bought two new pieces. Teams doubled our income in 3 months, but Florence Junior, who was hoping to inherit his father's director's chair, is pestering Matt for a bunch of new loans.

She wants to know on what basis and principle Matt is approving loans to these people and then Florence. Jr begins spying on his manager, discovers that the new loans were given to black people and notices how Matt secretly meets with Bernard and informs him about his progress at night. Matt is bothered by his wife, she is not happy that they have moved. this hole and also he does not own the bank as the boy originally described to him, but he is just a representative of the black partners. I'm earning 25,000 a year. We bought this house with one month's salary.

You started with them, you said they were. he's going to make you a partner, yes, and a partner doesn't have a salary, a partner is an owner, he promises that the next bank they buy will be completely under his control, they just have to wait a little, you're buying another one. On second thought, yes, that would be something the next day. Florence tracks down the businessman's meeting place, breaks into Bernard's house and threatens to tell the residents who really owns the bank and to whom the loans are given. All the whites will rush to close their warehouses. and the bank will just collapse, then you would own 20% of a failing bank instead of a booming one, so we are in this together without fully understanding.

My father didn't know he was selling his bank to two black people, so that's fraud. Our names were on the bank contract you signed, you even asked about us. Bernard says Florence Sr. knew who they really are. Then Florence gets a notice from the currency controller that her annual inspection has been brought forward two days because from an anonymous tip when Florence leaves Matt, prompted by his wife, suggests that the partners buy another bank, a small one, to move all the black loans to that bank. He already found a bank and thought of all the deals, okay, marlin bank.

It's small, you can buy it directly for 274,000. The guy explains to the men that it is a good solution, but Prudent Bernard does not like all the fuss and he realizes that they will not be able to cope with the management of another bank that Matt demands to trust. the bank completely under his management is Joe's $274,000 and my money, we should at least have the final say, right? I can't become my own man here, so I think I need to quit and move back to Los Angeles. Are you blackmailing us? The boys have taught me a lot.

I just want to be more like you, a homeowner. In the end Matt manages to take over the administration of the new bank through pressure. Bernard's wife works as a janitor at the new bank to take care of Matt. I wish you would just believe me, then you wouldn't have to do it. It bothers you a little that I'm here. Are you bothering me for wanting to run my own bank? A little Bernard on the train creates a list of loans to be waived at the new bank and instructs Matt to double-check all loans before signing and to work only with his trusted attorney;

However, Matt has believed in his own abilities and Powers decides to back away from his plan. He hires a lawyer on the advice of Florence, who probably ratted out the bank to the currency controller during the signing of the contracts. Matt with a serious facial expression goes over the list of loan agreements without even bothering to study them properly, the guy is worried. That it can mess up the management of the bank, so share these thoughts with your spouse. They are lucky to have you. No, I'm the lucky one. I'm learning from people much smarter than me and they're not smarter than you.

I mean, they can't be, they're my friends. Florence calls him and tells him that white customers come to Continental Bank and withdraw all their money because someone told them that the bank gives loans to black people. In addition, the examiner of the controller of the currency begins the inspection of him at the new bank the anonymous notice of the examiner of the Federal Bank just left my office. I thought it wouldn't be until next month. No, I mean Marlin, not Mainland to get the master books out. He'll be back in an hour. Bernard in a janitor's uniform tries to help Matt explain to The Examiner how transactions are carried out at his bank, but he doesn't help much because the Examiner finds loans that such a small bank cannot possess.

Matt runs to the bathroom with his partners to get clues for the action. Bernard does not understand how these transactions are carried out. The loans came to this bank, how the hell did these loans get into the package? Don't know. I looked at every single loan Matt, there was nothing over $20,000, nothing in 20 years. Did you look at the loans when you picked them up? I checked they maybe didn't read the first page closely enough how the hell our lawyer missed that oh I couldn't use o'keef who exactly did you ask to find this lawyer? Florence Florence understand perfectly well that Florence set it up on purpose and are surprised that Matt doesn't realize after the check, the ERS party decides to sell the small bank to save the continental bank, but Matt is not ready to give up the bank where he finally is in charge of the entire process.

I'm not losing Marlin, there has to be something I can do Matt keeps screwing up the guy buying the loans on behalf of Mainland Bank Joe is informed of this by his trusted banker who they have worked with for years in Los Angeles. Who the hell would pay face value for those Mainland Bank loans in Willis Texas, son of along with Bernard, rush to Mainland to stop Matt, but as soon as they explain to Matt how badly he messed up, the controller Currency deputy bursts into the bank and announces that their banking license has been revoked for suspicious transactions and the bank is being placed under FDIC receivership.

Upon leaving the bank they are captured and arrested by the FBI not without resistance from Bernard in Washington before an audience At a Senate hearing, a lawyer says they want to use his case to change banking laws, so what does that have to do with me? Do you want the declared version or the undeclared version?, undeclared, we need to change these laws, now it means fast or how are you? They can own banks and lend money to others who, in other words, want to use Bernard to tighten control over banking. The senator himself talks to Matt and tells him that he must blame his partners so as not to end up in prison for 50 years.

Matt does so in the first hearing, admits that he was manipulated and that his partners were pulling the strings and that all these agreements They were made by him under pressure from Bernard. The senator then talks to Bernard and tells him to confess how he deliberately took advantage of a legal loophole to enrich himself illegally, then Congress will fix the laws to favor whites and Bernard will be free, but if he decides to take his case to court and Rant about racial discrimination, you'll face jail, son. I'm from Arkansas, you don't have to tell me that black people sometimes get the worst of it.

At some point on the second day of the hearing, Bernard takes out his janitor's uniform and declares that this is the only way blacks can enter a bank. In Texas, although the Constitution says that all citizens are equal, the senator tries his best to interrupt Bernard's speech, but the man gives a brilliant speech about racial discrimination, why is it so important to you to exclude all a race of people from the American dream of Of course, the Senate is not satisfied with such speech and the federal government confiscates their assets after this hearing. An all-white jury in Texas convicts them of embezzling bank funds and sentences them to 3 years in federal prison.

On the other hand, Mt is still free. Florence buys Continental Bank in an FDIC-arranged sale for a fraction of the cost Bernard and Joe paid Florence's father for it, 3 years after his testimony before the Senate passed the Fair Housing Act that made illegal to refuse to sell or rent. property based on race, religion or gender 3 years later, Bernard is released from prison, where he is greeted by Joe and his wife figures they let you out before me, man, they couldn't wait to get rid of my ass. The men are delighted that they turned out well, but Bernard's wife does not understand why they are so happy, since they are bankrupt from time to time.

Bernard admits that before the first hearing Matt called him and admitted that the senator pressured him and that he would have to testify against Bernard. Bernard then asked her for a favor to sell some of his assets and buy him and Joe two mansions in the Bahamas. This he achieved successfully. Matt's friends moved to the Bahamas in their luxurious mansions. This movie is based on a true story. I hope you liked it. and I will be very happy if you subscribe to my channel.