This Publicly-Owned Bank Is Outperforming Wall Street

Ellen Brown

RINF Alternative News

The Wall Street Journal reports on the impressive record of the Bank of North Dakota

While 49 state treasuries were submerged in red ink after the 2008 financial crash, one state’s bank outperformed all others and actually launched an economy-shifting new industry. So reports the Wall Street Journal this week, discussing the Bank of North Dakota BND and its striking success in the midst of a national financial collapse led by the major banks. Chester Dawson begins his November 16th article: “It is more profitable than Goldman Sachs Group Inc., has a better credit rating than J.P. Morgan Chase & Co. and hasn’t seen profit growth drop since 2003. Meet Bank of North Dakota, the U.S.’s lone state-owned bank, which has one branch, no automated teller machines and not a single investment banker.”

via This Publicly-Owned Bank Is Outperforming Wall Street.

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