Public Banks Are the Answer / NorthwestCitizen, Dick Conoboy

February 27, 2017  Dick Conoboy

The Case for Public Banking

Public banks are an effective way to use public funds for the good of communities, much like public utilities, instead of for the profit of private mega-banks that take the public’s money and use it to play in the Wall Street casino. With public banking, cities and states place their revenues in a much safer banking environment and then can borrow at low cost to finance public-good projects such as schools, roads, offices, parks, libraries, water treatment plans and…even jails. Here is what the Public Banking Institute has to say about this concept. […]

Read Dick’s complete article on NorthwestCitizen here. 

One thought on “Public Banks Are the Answer / NorthwestCitizen, Dick Conoboy

  1. If this State was to open a State bank, it would be bankrupt in 3 weeks. The Farm Credit System was created in 1916 to provide a stable and reliable source of debt capital for the nation’s agriculture system and rural America. Congress initially provided $125 million in seed money for the Farm Credit System but that investment was repaid in 1947, and the System currently operates without any financial support from the federal government. You missed a few State Banks, Bank’s the exist for people who produce, instead of sap the economy dry, with another disaster, invented in Olympia. They even have em in Alaska, some people should move to Washington State someday.


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