Minnesota Could Get A “State Bank” if Rebecca Otto Becomes Governor

In 1919, the farmers of North Dakota got fed up with predatory lenders, and successfully lobbied for a credit union style state-run bank for them to use instead. Private sector financial institutions elsewhere in the country would have none of this, and destroyed this initial effort by freezing the North Dakota bank out of access … Continue reading Minnesota Could Get A “State Bank” if Rebecca Otto Becomes Governor →

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source http://gregladen.com/blog/2018/05/10/minnesota-could-get-a-state-bank-if-rebecca-otto-becomes-governor/