Expert testimony: Should Vermont form a state-owned bank?
By Opinion January 25, 2010
Editor’s note: The following is Cairn Cross’ written testimony submitted to the Legislature on Jan. 22. Cross is a former banker and a founder of the venture capital firm FreshTracks Capital.
The Bank of North Dakota is owned and operated by the State of North Dakota under the supervision of the Industrial Commission as provided by Chapter 6-09 of the North Dakota Century Code. The Bank of North Dakota combines elements of banking, fiduciary, investment management services, and other financial services, and state government and plays a primary role in financing economic development.
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