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
Sandstorm Gold(Cu-Mo-Au)SSL.V
Files Early Warning Report
CA$ 3.01-6.52%Trend Power :
Corporate news
Crown PointCWV.V
Provides Operational Update and Announces Executive Change
CA$ 0.13+4.00%Trend Power :
Corporate news
Cardero Res.(Ag-Au-Cu)CDU.TO
Announces Acquisition of the Advanced Zonia Copper Oxide Project in Arizona
CA$ 0.02+33.33%Trend Power :
Corporate news
Vista Gold(Cu-Le-Zn)VGZ.TO
. Announces Receipt of an Additional A$5.9 Million Net Tax Refund Under the Australian Govern
CA$ 0.36+4.35%Trend Power :
Corporate news
First Majestic(Le-Zn-Au)FR.TO
announces friendly acquisition of Silvercrest Mines
CA$ 4.02-14.10%Trend Power :
Corporate news
Sterling Res.(Oil)SLG.V
Announces Appointment of Strategic Financial Adviser
CA$ 0.16+0.00%Trend Power :
Nominations
Polaris MineralsPLS.TO
Materials announces the opening of its aggregate terminal in the Port of Long Beach, Californ
CA$ 2.17-1.36%Trend Power :
Corporate news
Endeavour Financial(Ag-Au-Co)EDV.TO
Mining to release Q2 results on July 30, 2015
CA$ 0.47-4.08%Trend Power :
Corporate news
Premier Gold Mines(Au)PG.TO
confirms current Reserves & Resources at South Arturo
CA$ 1.87+3.31%Trend Power :
Corporate news
Guyana(Ag-Cu-Ni)GPM.V
GPM Metals Inc. provides an update of The Walker Gossan Project, Northern Territory, Australi
CA$ 0.16+0.00%Trend Power :
Corporate news
Comments closed