"Which is Riskier, a Public Bank or a Wall Street Bank? "That leaves the question whether a publicly-owned bank would put taxpayer money at risk. The Bank of North Dakota, the nation’s only state-owned bank, has posed no risk to depositors or the state’s taxpayers in nearly a century of successful operation. Further, in this latest recession it has helped the state achieve a nationwide low in unemployment (3.2%) and the only budget surplus in the country. ..."
Posted on: Thu, 08 Aug 2013 02:34:52 +0000
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