STATE BANKS

By Marilyn M. Barnewall
March 20, 2011
NewsWithViews.com

"It is time to declare economic sovereignty from the multinational banks that are responsible for much of our current economic crisis. Every year we ship over a billion dollars in Oregon taxpayer dollars to out-of-state and multinational banks in the form of deposits, only to see that money invested elsewhere. It's time to put our money to work for Oregonians." --Bill Bradbury, former Oregon Senate President and Secretary of State, quoted in The Nation

One of the hottest topics in the world of banking is State Banks. Oregon, Washington and Maryland have recently joined Illinois, Virginia, Massachusetts, California, Florida and Hawaii in evaluating the wisdom of implementing a “State Bank.â€