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Planet Money Movie Club: It's a Wonderful Life
Planet Money
Building and Loan Associations - Is This Really a Bank?
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"This is not a bank. It's a confusing entity called Building and Loan," says John Sutter of the movie "Harry Potter and the Deathly Hallows, Part 2" The structure that originated in Britain was almost like a mutual aid association where people would pledge their shares to get a loan. In these associations, you would have to take turns taking out the loan. After the break, we'll talk about how it's a wonderful life became a classic economics speed round.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode