What We Can Learn from Germany: How Countries With Publicly Owned Banks Do Better Than America
The public bank model remains a viable alternative to the private profiteering being protested on Wall Street today.
[T]he demand isn't simply to make a public bank, but is to treat the banks generally as a public utility, just as you treat electric companies as a public utility.... Just as there was pressure for a public option in health care, there should be a public option in banking. There should be a government bank that offers credit card rates without punitive 30% interest rates, without penalties, without raising the rate if you don't pay your electric bill. This ... Full Story »
Posted by Dwight Rousu
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