A Seismic Shift- Public Banks Returning? by Joe Lange - The Great Awakening

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A Seismic Shift- Public Banks Returning? by Joe Lange (badlands.substack.com)

posted 344 days ago by sacip 344 days ago by sacip +193 / -0

A Seismic Shift

Transferring Power From the Banks ... To the People

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– Mr_A 1 point 344 days ago +1 / -0

You are correct, and I should've said FDIC-like insurance. My mistake. CU's are better in many ways, but the centralized control by nat'l regulators outside the institution is a real issue, and one that the ND bank doesn't have.

States have a lot of power that they don't use. Chartering banks, without outsourcing the rules and reserve requirements to the feds, is just one of them.

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