Tag Archives: bank of north dakota

Stacy Summary:    (h/t Bicyclemark)  You mean we don’t need Wall Street bankers??

• How the nation’s only state-owned bank became the envy of Wall Street

The Bank of North Dakota is the only state-owned bank in America—what Republicans might call an idiosyncratic bastion of socialism. It also earned a record profit last year even as its private-sector corollaries lost billions. To be sure, it owes some of its unusual success to North Dakota’s well-insulated economy, which is heavy on agricultural staples and light on housing speculation. But that hasn’t Continue reading →