Public Banks Can Now Be Formed In California
October 3, 2019 1:04 PM Subscribe
Gavin Newsom signed into law today AB857, which allows for public banks to form in California. The only other state in the US with a public bank is North Dakota. Vox covers how California could take inspiration from North Dakota in setting up its own. AOC has congratulated CA on its passage, which isn't surprising since both she and Bernie Sanders have proposed their own take on a public bank by using the US Post Office. Elizabeth Warren has also endorsed the idea.
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