Panel nixes the concept of starting a state-owned bank in Massachusetts

John Chesto • • July 29, 2011

A commission charged by the Legislature to study whether the state should create its own bank has summarily dismissed the concept just three months after they began discussing it. David Cotney, the state’s banking commissioner and a co-chairman of this ad hoc panel, tells me that the commission voted 12-0, with two abstentions, on Tuesday against recommending the creation of a state-owned bank in Massachusetts.

Read entire article here.
The MA commission webpage is here.
The MA commission REPORT (Aug. 8, 2011) is here.

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One Response

  1. Big Surprise!!?

    Flying Monkeys 1 We The People 0

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