It's a wonderful life mr potter10/5/2023 The Building & Loan's founder and chief executive, Peter Bailey, has died and its board of directors is deciding the institution's future. ![]() But "It's a Wonderful Life" may be more important still for its overlooked lesson in democratic economics, a lesson arising from the struggle for survival of a combination credit union and savings bank, the Bailey Building & Loan in the Everytown of Bedford Falls. Such general encouragement may seem more needed than ever these days indeed, this may be, sadly, the cause of the film's popularity.
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