Tracy Loew • usatoday.com • December 25, 2011
Spurred by the recession, bank bailouts and the difficulty consumers are having getting loans, members of the Occupy movement and others are stepping up calls for a public banking option.
North Dakota currently has the nation’s only state-run bank. Supporters point out that the state is the only one to have had a budget surplus since the economic crisis began, and has an unemployment rate below 4%.
“People are becoming more aware that our existing banking system isn’t serving us,” said Ellen Brown, one of the founders of the Public Banking Institute, a non-profit formed in January to advocate for public banking.
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