Share on Google Plus Share on Twitter
  5
Share on Facebook
  5
Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend
  3
13 Shares     
Printer Friendly Page Save As Favorite View Favorites View Article Stats
1 comment

Can State-Owned Development Banks Save America?

Quicklink submitted by Mari Eliza     Permalink
Related Topic(s): ; ; ; ; ; , Add Tags

News 1   Supported 1   Valuable 1   View Ratings | Rate It

Headlined to H3 8/25/12


At www.sfreporter.com

When Wall Street banks started messing with North Dakota by foreclosing on farm properties nearly a century ago, the 'Peace Garden State' gave big banking the finger and established its own financial institution. The farms were saved, and the Bank of North Dakota--government interference in the free market in a big way--blossomed into a fiercely protected fixture in the conservative state. Because all state funds in North Dakota pass through BND, including regulatory and licensing fees, the institution is extremely well-capitalized. Because BND sticks to investing conservatively on behalf of the people and businesses of North Dakota, and ignores hinky transactions such as credit-default swaps, it has weathered the depressions and recessions of the 20th and 21st centuries with little turbulence.

Read the rest of the story HERE:

At www.sfreporter.com


 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
1 people are discussing this page, with 1 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)
States continue to look at alternative systems to ... by Mari Eliza on Saturday, Aug 25, 2012 at 2:20:58 PM