Hasegawa said a key feature of the Washington banking institution is that it will work in partnership with financial institutions, community-based organizations, economic development groups, guaranty agencies, and others. He said the Washington Investment Trust will offer "transparency, accountability, and accuracy of financial reporting," a welcome change from the accounting tricks common among the large Wall Street money center banks today.
Public hearings are scheduled on Tuesday, January 25, before the Senate Financial Institutions, Housing & Insurance Committee, at 10:00 a.m.-12:00 noon in Senate Hearing Room 2; and before the House Business & Financial Services Committee at 1:30 p.m. -" 3:30 p.m. in House Hearing Room B .
For more information on the movement for publicly-owned banks, see http://PublicBankingInstitute.org. ;