Another candidate for a state-owned bank: Walt Brown running for Oregon State Treasurer

Minor-party candidates for treasurer see opportunity to change course
StatesmanJournal.com • October 13, 2010

Walt Brown was a Democratic state senator from Lake Oswego from 1975 to 1987, but he’s running as the Progressive Party nominee for state treasurer.

Since he left the Senate, Brown has been the Socialist Party nominee for Congress in four elections, the Socialist Party USA candidate for president in 2004, and the Pacific Green Party nominee for attorney general in 2008.

He said the treasurer is an independent official who should not be the financial adviser to governors and legislators. But he also said the treasurer has a role to play in Oregon’s economy, particularly in trying to reduce the current unemployment rate. “We’ve got to turn that around,” he said.

He is an advocate of a state-owned bank, based on the only other such bank in North Dakota. Voters would have to remove a constitutional ban on a state bank that dates to statehood 151 years ago.

Read the entire post here.

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