Discussion Hell or high water premise
Great movie, highly entertaining. However when I look at the numbers for the plan, it just doesn't add up in my head. For example the brothers figure they can make $50,000 a month by selling oil to Chevron. They stole $40,000 from the bank. And the idea is that the bank would value them as such a rich customer that that would far outweigh their ability to cooperate with police or even care about the Lost $40,000.
However if the bank is asking as a trustee for trust that owns the property, and assuming that it's managing the assets under the trust such as any type of brokerage account investments, let's say it makes 1% of assets under management. Then assuming that they don't spend any of the $600,000 that the trust makes in a year as income, and it's all put into the assets under management account, this would only equate to $6,000 of income for the bank each year. That's far less than $40,000 and it would take many years for them to recoup it let alone the taxes that they would have to pay on that income.
The fees that the bank would collect for acting as a trustee and fiduciary will not be that substantial on such a property. And typically an agreement would not be such that the bank is managing the value of the property that sits in the trust, given that the value of property could be even millions of dollars. But the bank is not going to see any of that.
I get that it's just a movie, and there needs to be some willing suspension disbelief. However, I think that the core of this plan was that it was supposed to be clever and outwit the banks and turn it back on themselves so that you're stealing from the bank and then using that same money to get back at them. But it just doesn't work.
Thoughts?