By Harry Esteve, The Oregonian
January 20, 2010, 11:32AM
The state of Oregon should have its own bank so taxpayer dollars could help fund local businesses instead of boosting the profits of big multinational banks, says Bill Bradbury, Democratic candidate for governor and former secretary of state.
Bradbury announced his proposal today in Portland as part of his plan to find jobs for more Oregonians. The state bank, modeled on one in North Dakota, would form the cornerstone of his jobs proposal, he said.
“It’s time to make Oregon’s money work for Oregonians,” Bradbury said. Small businesses are hurting because banks are squeezing off credit necessary for growth.
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