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Old 12-05-2009, 08:01 PM   #4
Seashore
Avalon Senior Member
 
Join Date: Nov 2008
Posts: 3,564
Default Re: "Reviving the Local Economy with Publicly-owned Banks"

Quote:
Originally Posted by Seashore View Post
The BND has been around for so long, however, that skeptics can write off the state’s remarkable success to other factors. A modern-day public bank that quickly turned its flagging local economy around could set a precedent that was irrefutable. If Florida were to establish a successful public banking model, it could blaze a trail out of the economic wilderness for local governments everywhere.
An alternative view about the Bank of North Dakota which Ellen says was founded in 1919 is that it has stood the test of time!
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