The Real Life “George Bailey”

[Locutus]

Who Founded Bank of Italy which Became Bank of America



Today I found out about the real life “George Bailey” (It’s a Wonderful Life), who founded the Bank of Italy which became Bank of America.

The man was A.P. Giannini who was said to be who Capra modeled the character of George Bailey as well as the bank president in Capra’s 1932 movie, American Madness, after. At the age of 14, Giannini left school and began working with his step father, Lorenzo Scatena, in the produce industry as a produce broker. By the time he was 31, he was able to sell much of his interest in this company to his employees and had planned to retire. However, one year later, he was asked to join the Columbus Savings & Loan Society, which was a small bank in North Beach, California.


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The Real Life

 

[coldstream]

Might force me to re-assess my opinion of bankers. Giannini was of a much different character than the slime balls who run investment banks on Wall Street these days.. in a much different time.

 

[Liberalman]

Might force me to re-assess my opinion of bankers. Giannini was of a much different character than the slime balls who run investment banks on Wall Street these days.. in a much different time.

Don't forget the slime balls that run the banks on Bay street.