Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
In the same category

17 States Considering State Banks

IMG Auteur
Published : March 01st, 2012
340 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : Idaho
Category : Opinions and Analysis

 

 

 

 

Last year I asked SC Treasurer Loftis to consider placing the liquid funds of South Carolina in a bank owned & operated in South Carolina.




If our monies were deposited in a South Carolina owned bank, the people would have far more ability to use those funds in loans to create business and grow our economy. South Carolina, would be the beneficiary of the interest paid on those loans as well.



Why should our money be benefiting BOA & the Wall Street elite who are controlling South Carolina’s treasury funds for the benefit of their cronies and largely denying small banks and businesses in South Carolina access to them. South Carolina may need a state bank or at minimum, South Carolina funds should be held in banks that are owed and operated in South Carolina. Get our funds off Wall Street and back into South Carolina where we the people of SC can use what is rightfully ours." - -
Patricia of So.
Carolina


17 States Considering State Banks


Noel Brinkerhoff
All Gov
February 29, 2012


Taking a cue from North Dakota, a large number of state governments are considering the establishment of a state bank.


In the wake of the financial and mortgage crises, proponents are pushing for states to rely less on large national private banks and establish state-run financial institutions.


North Dakota serves as the model for this new experiment that 17 states are looking at. However, the state bank in North Dakota, the only one of its kind in the U.S., is not new, having been in operation since 1919.


With the Bank of North Dakota, financing is made available to support loans to students, farmers and others, while the bank’s profits go into the state budget to help provide more revenue for government programs.


Some states, such as Idaho and Vermont, have introduced legislation to study the idea of starting a state bank. Other states, like New Hampshire, Virginia, Hawaii, Washington and California, are debating bills that would create a state bank.



Read more:
http://chasvoice.blogspot.com/2012/03/17-states-considering-state-banks.html#ixzz1ntKClyKV

 

 

<< Previous article
Rate : Average :0 (0 vote)
>> Next article
All the stuff you don't want to know about, but should. And, when you do know, you realize that for the present you are powerless to change it This article is brought to you by the Charleston Voice E-mail List. To subscribe FREE to the distribution list, send an e-mail to the author with 'SUBSCRIBE' in the subject line.
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Royal Dutch Shell(Oil)RDSA.AS
Hull damage forces Shell Arctic support ship in for repairs
€UR 24.84-1.97%Trend Power :
Corporate news
Royal Dutch Shell(Oil)RDSA.AS
Oil & Gas Stock Roundup: BP Resolves GoM Claims for $18.7B, Shell OKs Appomattox Project - Analyst Blog
€UR 24.84-1.97%Trend Power :
Corporate news
NextEraNEE
FPL announces plans to move forward with next major investment in continued modernization of its power plant fleet, building on successful strategy of advancing affordable clean energy in Flori
US$ 102.88+2.41%Trend Power :
Corporate news
Scorpio GoldSGN.V
Scorpio Gold Reports Results from 2015 Exploration Drilling at the Bluelite North Target Area, Mineral Ridge Project, Nevada
CA$ 0.12-4.17%Trend Power :
Corporate news
Manas Resources(Au)MSR.AX
7 July - Board Changes
AU$ 0.01+0.00%Trend Power :
Corporate news
Excelsior MiningMIN.V
Excelsior Announces Updated Mineral Resource Estimate
CA$ 0.38-2.60%Trend Power :
Corporate news
Alcoa Inc.AA
With global economic policies hamstrung, investors turn to earnings
US$ 11.06+0.27%Trend Power :
Corporate news
Alcoa Inc.AA
July 7 Premarket Briefing: 10 Things You Should Know
US$ 11.06+0.27%Trend Power :
Corporate news
Alcoa Inc.AA
Why The Container Store and Alcoa need to beat earnings
US$ 11.06+0.27%Trend Power :
Corporate news
Anaconda Min.(Au)ANX.TO
Kevin Bullock Joins Board of Directors of Anaconda Mining
CA$ 0.05+0.00%Trend Power :
Nominations
Comments closed