How do they become so powerful, and how do they grow?
Edit:to clarifyn i know how the process of banking works, I mean like how do you get from being a small local bank to JP morgan chase in new york. How do they possess the power to repossess property.
In: Economics
[UChicago’s business school uses this scene from It’s a Wonderful Life to explain how banks work](https://youtu.be/iPkJH6BT7dM).
TL;DR they put money to work in the form of loans, the money for those loans comes from deposits, and the profit comes from interest made off the loans.
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