Dec 6, 2011
Think Big joined My Stranger Face
Dec 6, 2011
Think Big commented on
Building an Ethical Bank?.
Commenter 3 & 4 your points are valid but if you go and study the Bank of North Dakota and it's history you'll see it's been a huge success! The state has made billions from the bank and done so by investing in small businesses and farmers. And yes the State Bank has been a big part of what has insulated North Dakota from the financial issues the rest of the country has seen, it is not just the oil and natural gas boom by any stretch.
Think about it, why let a large corporate bank make money off of the 35 Billion a year you control when you can easily do it yourself and direct the loans towards local economic investment which further supports growth and local tax revenue.
Big banks have spent a long time and a lot of money convincing us we need a middle man.
Not any more.