News Dec 18, 2013 at 4:00 am

It Would Solve Two Problems at Once

greg stump

Comments

2
Do some research Stranger, the Head of the Washington State's Banking Associating all ready said that a state bank would not work because they can't use the automated checking system. Anyway I-502 is dead on arrival.

Read more at http://boycotti502.com
3
"You're wasting my Time Mr. Goldstein!!!"

said the fat guy in the Dick Vitale suit as he hung up on me right as I was about to tell him that I know used car salesman who did a better job at controlling the conversation, but you are much more amusing than the average used car salesman, Mr. Vitale.
4
I've long supported a state bank and a requirement for all state, county and city assets be held in that bank. Additionally, any corporation which receives a State, County or City tax exemption would be required to hold reserves in that bank. It is a way to keep in our state more of the money that's generated in-state.
5
A state bank is the only way the Washington treasurer can effectively collect taxes on an industry that will produce a lot of revenue. Once it accumulates equity capital, the state bank can lend to infrastructure projects (rail, housing, schools) at more favorable rates than available from Wall Street.
7
WAPOT
8
>they can't use the automated checking system.

Why not? It would be a state chartered bank. For some years the Muni credit union was state chartered and I don't recall any problems with checks.

The real reason is that the WA and the cities could pull out of the international banks and run their money through the new official state bank.
9
@2: I see the scammier co-ops are freaking out.

I also appreciate your quackish posts about "rick simpson oil".

http://freethoughtblogs.com/pharyngula/2…

You're really low and scummy, scamming cancer patients while pretending to stick up for their rights.
10
I always thought they should use Bitcoin, but lately I'm not so sure.
11
#10

A crypto-currency backed by bales of pot?

Why not..there sure are lot of them:

http://coinmarketcap.com/
12
A chance to combine the hated targets of bank management with the government! What's not to love ?
13
@2 Let us know when you get more than 50 supporters and someone might take you seriously. You're on the wrong side of history my friend.
14
sounds good in theory but it will involve the government so good luck. still i cant smoke a legel substance becuase my employer still has a 0 tolerance policy, even though they came out in favor of legalization. in their family paper.
15
With this hopelessly vague statement in their charter:

"... facilitate investment in, and financing of, public infrastructure systems that will increase public health, safety, and quality of life, improve environmental conditions, and promote community vitality and economic growth."

The implicit invitation exists for cronyism, sweetheart deals, outright fraud upon the public, and assorted idiotic "public projects."

The language, were the concept politically viable to begin with, would have to be tightened up, and oversight would have to better than that for which we have a reasonable expectation, based on recent revelations of financial malfeasance, including public officials with little oversight and BIG gambling debts.

Please wait...

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