Public Bank in the News
February 18th, 2010 by admin
Great coverage in the Portland Tribune on our public bank idea today.
Portland State University professor Barbara Dudley has a bolder idea to keep money in the local economy: a state bank modeled after North Dakota’s.
“One of the main reasons why we’re having trouble with jobs is because there’s no credit out there,” says Dudley, who teaches public administration and sociology and is co-chairwoman of the Oregon Working Families Party.
A state bank could partner with Oregon-based community banks to generate more loans to homegrown employers, she says.
Big national banks are paid to underwrite Oregon bonds and earn a fee every time an unemployment check is disbursed in Oregon, she says, suggesting those and other functions could be handled by a state bank.
Read the full story here: Can we cure what ails us?
Click here for more information on our Oregon State Bank proposal.
