Proposal for Maine State Bank Back on Legislative Agenda

Tim Porter • www.mpbn.net • December 10, 2012

Two lawmakers are re-introducing a bill this session to establish a Maine state bank. Rep. Diane Russell, of Portland, and fellow Democrat Bobbi Beavers, of South Berwick, are gathering support for their proposal – which envisages, not so much a retail bank where you or I can open an account, but more of a mini-central bank where state dollars are invested, rather being invested in Wall Street. This, they say, would make more credit available to small businesses.

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