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am8uh5gzdg 發表於 2013-5-30 18:05

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better.... No because the gov't can then use police power to pursue the personal debt of the members of the state. No thats called nationalizing,[url=http://www.lululemononsales.com]lululemon online stores[/url], its what all socialist countries do under a dictator. “So it may come as a surprise that [the?] only state-owned bank in the U.S. (an institution more widely associated with communist China than the Republican Party) can be found in ruby-red, rural North Dakota.”North Dakota is so different from other states that it is meaningless­ to use it as a model. For one thing, it did not have a housing boom/bust. Go tohttp://www­.forecast-­chart.com/­housing-pr­ice-index.­html and compare North Dakota's 30 year house price history with California  North Dakota's population 'growth' is also untypical. North Dakota's population was near 680,000 in 1930 - as of July 1, 2008, North Dakota's population was estimated to have dropped to 641,481.  If North Dakota was showing the way to other states, why would its population decline over an  80 year span?  Since the 2008 housing crash in states where population growth allowed a housing bubble to form; North Dakota has had a modest population growth. In the last paragraph, the author states "Pulling state capital out of commercial institutions could prove to be disruptive to the current financial system", as if this is a possible reason NOT to establish state banks. In fact, if this hypothetical result were to pass, I would suggest that it would be an  EXCELLENT reason to establish more state banks.By all means,[url=http://www.lululemononsales.com]lululemon outlet online[/url], let's disrupt the current financial system! This is the root of our economic problems... the privately owned, debt based monetary system also known as fractional reserve banking. These unscrupulous shysters are continuing to rip taxpayers off to the tune of trillions of dollars with so many different multi layered frauds and scams we can hardly keep track of it all - from predatory sub prime lending, to fraudulent securities sold as conservative AAA investments that the banks simultaneously be AGAINST (akin to taking out a life insurance policy on somebody you just put a hit contract on), to forged documents and robo signing, to colluding to rig bids on municipal bond deposit interest rates, to the massive 500 trillion dollar interest rate swap scam, pegged to their Libor rigging conspiracy,[url=http://www.lululemononsales.com]lululemon outlets[/url], with which they continue the enormous theft of trillions of dollars from State, county, and municipal governments across the country, to manipulating food, electricity, and gas prices (among others) sky high on the commodities futures markets... and yet we should worry about disrupting the business of these thieving vultures? I think not!Read more: http://business.time.com/2013/01/15/are-state-owned-banks-the-antidote-to-the-too-big-to-fail-epidemic/#ixzz2IAux6RSy We used to have small local banks.  Laws prohibited banks from expanding across state lines.  Laws limited the expansion of banks within states.  We got rid of the laws because of two basic arguments:  diversification and economies of scale.   Diversification through larger banks meant that banks would not be vulnerable to local economic downturns.  What happened is that the expansion of banks diversified stupidity into larger areas.  Economies of scale meant that larger banks would have lower per unit costs.  Since the laws limiting bank expansion have been removed, bank fees have increased.  We used to have an economy that worked for everyone.  Now we have an economy that works for the few.    @failureofrealityThere were lots of small local banks 30 years ago - they were called Savings and Loans. "S&Ls made long-term loans at fixed interest using short-term money. When the interest rate increased, the S&Ls could not attract adequate capital and became insolvent. Rather than admit to insolvency, some CEOs of S&Ls became "reactive" control frauds by inventing creative accounting strategies that turned their businesses into Ponzi schemes".  You can read the rest at:  http://en.wikipedia.org/wiki/Savings_and_loan_crisis Successful sustainable systems have divers
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