Citizen-owned public banks are wildly successful economic development tools in countries and communities around the world. North Dakota is the only state with a state-owned bank and it has provided its citizens with $300 million in dividends over the last ten years while being the only state with budget surpluses in that interval. How do public banks work? How can more states and communities realize their benefits? What is preventing the United States from introducing new competition and public transparency to the banking industry? Listen to Gwendolyn Hallsmith, Executive Director of the Public Banking Institute, and Dr. Thomas Keidel, Representative of the Board Financial Market Relations for Deutscher Sparkassen- und Giroverband in Germany outline the massive opportunities available to all Americans.
Guests: Gwendolyn Hallsmith, Dr. Thomas Keidel
Learn more at: Public Banking Institute