The Case for a State-Owned Bank

Penelope Lemov • • April 12, 2012

A growing number of policymakers have been looking to North Dakota and its state bank. Why, you ask? Founded in 1919 with $2 million in capital, the Bank of North Dakota (BND) now operates with more than $270 million. More to the point, it has handed over some $300 million to North Dakota’s treasury over the past decade.

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