Politicians across the nation have started talking about putting tax dollars into community banks and credit unions. Now a candidate for governor of Oregon has made moving the state’s money to a new Bank of Oregon a key part of his platform.
- Bradbury stressed that
his proposal is not to create an actual bank or government agency. Rather, “Bank of Oregon” is the name for the mechanism by which the state government would deposit money in local banks and subsequently invest in local businesses. He said it would be similar to the Bank of North Dakota, the only state-owned bank in the nation.
“The inspiration for this idea actually relates to what can we do to help small- and medium-size businesses, which are really the engine of the economy. And given that we collect a whole lot of money we can essentially declare economic sovereignty and use our money to benefit ourselves. It’s a lot better than sending our money to Wall Street.”
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Our community needs this kind of advices. Keep it up!.
I did this with BOA and went to Navigant and I/m perfectly happy left citizens after 26 years
I agree with that 100%! Action makes things happen. Nobody ever learned to walk without taking the first step.
Enjoyed the posts..