Massachusetts Governor misses deadline on commission for state-owned bank…but intrigued with the idea, said it’s worth considering.

Massachusetts Governor misses deadline on commission for state-owned bank
PatriotLedger.com • Jon Chesto • November 11, 2010

Gov. Deval Patrick’s administration has missed a deadline imposed by the Legislature to assemble a commission charged with studying the creation of a state-owned bank.

Patrick signed an economic development bill into law Aug. 5 that required the creation of a commission to study the feasibility of a state-owned bank within 90 days of the bill’s signing. That deadline came and went earlier this month.

The lack of action doesn’t appear to be due to lack of interest on Patrick’s part. The governor, who won a hard-fought reelection campaign last week, told The Patriot Ledger last month that he found the concept of a state-owned bank intriguing and worth considering.

Read the entire article here.

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