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Dramatic_Hammer
I think a good analogy here is blacking up like Minstrels. In a European context its a bit dodgy/bad taste, whereas in the US there are much more hurtful connotations.
It's important to see this in light of people's Grandparents' families being wiped out following a time when depictions of Jews like this were in the papers, and there was a quite widely held view that they had caused and profited from the wall st crash.
And let's be honest here. Bankers look like this: