Saturday, March 20, 2010

State-Owned Banks: The Future of Banking?

State-Owned Banks: The Future of Banking? - ABC News
"Stories like Wanner's are sparking interest from state officials outside of North Dakota, who see the 91-year-old Bank of North Dakota as a model of what they could do to revive troubled business lending in their own home states.
Most recently, in Michigan, Democrats in the state senate and Michigan gubernatorial candidate Virg Bernero began pushing to establish a state-owned bank similar to North Dakota's."

More demands for government ownership of private enterprise.
USSR anyone.........?

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