Tag Archives: bank of north dakota

How could a publicly-owned bank help an economically struggling state?

Among other things, publicly owned banks offer counter-cyclical relief by (1) issuing badly needed credit at low, or no, cost to the state, thus providing a means of revitalizing infrastructure and other services that are now endangered (according to studies, … Continue reading

Posted in Public Banking Institute | Tagged , , , , , | Leave a comment

Would publicly-owned banks provide unfair competition to local privately-owned banks?

No. Witness North Dakota, which currently has the only state-owned bank in the U.S. It also has more local banks per capita than any other state. The Bank of North Dakota (BND) helps local banks with capital requirements, partners with … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment

Why A State Bank

Pioneering a new course. The financial crisis brought on by the “Too-Big-To-Fail” banks plunged the country into the worst recession since the 1930s. But while the federal government bailed out the nation’s biggest banks and corporations, the rest of the … Continue reading

Tagged , , , , , , | Leave a comment