17 States Considering State Banks

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.

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3 Responses to 17 States Considering State Banks

  1. gideon says:

    That might make somebody angry. Could be a great first step. Then setup there own state economy and tell the “feds” to shove it. I know it would be a little more complicated than that, but it’s a start.

  2. cromwellshead says:

    Indeed a worthy venture and I wish them well. I listened to a fascinating radio interview last week with an Icelander. He has a zero interest loan from a credit union to run a new fishing venture. The banks do not get a look in there now. The people have decided so.

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