North Dakota state bank…

An idea whose time has come.

“The Bank of North Dakota has an enviable track record, having remained profitable during the credit crisis. Moreover, in the ten years prior, the bank returned roughly half its profits, or roughly a third of a billion dollars, to the state government.”     the profits actually flow back to the state and the people. what a concept!!

read more here:

http://www.nakedcapitalism.com/2011/01/state-banks-or-if-you-cant-regulate-tbtf-banks-why-not-compete-instead.html

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s