Sanders: Financial Rules Are Rigged for 1%; Public Bank for California
Sen. Bernie Sanders: From Greece to Puerto Rico, the Financial Rules Are Rigged to Favor the 1%. Democratic presidential hopeful Bernie Sanders recently convened a panel of economists in Washington to discuss the debt crisis in Greece and throughout the world.
California Financial: Let’s Take The Initiative & Create A Public Bank. North Dakota has operated its own bank since the early 1900s and it has made money for taxpayers while strengthening the state’s own regional banks. The net effect has been to keep bank profits in North Dakota. The only losers have been the “too-big-to-fail” banks that would otherwise have enjoyed making the spread on money borrowed by, and throughout, the state.
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