Ryan Holeywell • governing.com • January 4, 2012
Try to find a bank president that’s beloved by supporters of the Occupy Wall Street movement. It’s not impossible. You’ll just have to travel to North Dakota.
Meet Eric Hardmeyer, who bears the unlikely distinction of being perhaps the only banker in America who, in addition to being embraced by Wall Street protesters, has been exalted by the likes of Michael Moore, Mother Jones magazine, and the Progressive States Network, among other progressive stalwarts.
That’s because Hardmeyer heads the Bank of North Dakota (BND), the country’s only publicly-owned state bank. The institution, located ironically enough in a solidly red state, has become the darling of progressives who have become frustrated with corporate banks they say helped cause the financial crisis and resulting credit crunch.
Read the article here.
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