George sticks by it the whole time, and it eats into Potter's empire over the town of Bedford Falls, but what exactly is it? What is it for? What does it do? Is there a modern counterpart to it? Any explinations would be welcome!
2006-11-29 17:36:37 · 3 answers · asked by Rixley 1 in Entertainment & Music ➔ Movies
yes, that guy is correct. they lend peopel money and isn't that the best flick ever?!
2006-11-29 17:47:02 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The Building and Loan is a lending insitutition that offers people the possibility of "owning" their own homes without having to save the full amount of the cost of the hosue. Credit as we know it did not exist at that time. If someone wanted to buy a house, they needed the full purchase price. The Building and Loan lent them the money so they could have a decent place to live before their kids were gone and they were so worn out with living that it didn't matter anymore.
Potter was a landlord who had crappy overpriced rental places, and he wasn;t happy that the Bailey's offered something more for people to hope for.
Hope this helps....
PS It *is* a great movie, for oh so many reasons....
2006-11-29 17:53:33 · answer #2 · answered by Ms. Switch 5 · 1⤊ 0⤋
It's lioke a savings and loan, so it's not like a "real" bank and operated under different laws and regualtions
2006-11-29 17:38:46 · answer #3 · answered by Anonymous · 3⤊ 0⤋