In my eyes this is a top priority. Wall St. and the major banks have become a parasite. There should be support for this on both sides of the fence. North Dakota has had great success with it. http://www.publicbankinginstitute.org/ https://truthout.org/articles/ive-seen-goldman-sachs-from-the-inside-we-need-public-banks/
Just go back to keeping investment banks and commercial banks separate. It worked until for sixty years until the end of Glass Steagall
I can entertain the notion, but I don't think the major banks are parasites and I question whether a public bank can really deliver more value. But, I don't see yet any reason you couldn't have a public bank also operate in the space.
Instead of all this public, private etc nonsense if one wants to limit speculation and moral hazard in banks return one component of early days banking. Shareholders and owners of the bank are liable for more than their investment if the bank collapses. That will clean it up real nicely! I love how when highly regulated industries like banking, education and healthcare are run poorly the answer is more government!
Interesting. Please explain in more detail instead of 1 sentence. I am interested in your personal view. We all know about the culture of these banks, how they recruit the brightest ivy league kids and mould them into sociopaths if they aren't already. How do we know that won't happen with public banks once the money goes there..... it is a culture of white collar criminality seen as being "smart"
on the flip side, in social media, where there is no regulation just like the Wild West, ' Facebook / Twitter, not just looking the other way, actually help cyber terrorists to attack American social media users
