I have no doubt that sometime during the last week of December every one of us came across a broadcast of the 1946 American Christmas classic "It's a Wonderful Life." I couldn't resist the temptation to draw analogies and build a bridge to today.
George Bailey, in my view, has a lot to teach us about the ongoing basic risks faced by financial institutions. Even though he ran the family Building & Loan in a small town in the 1940s, he had many of the same risks and consequences community-based institutions see today.
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