The State of California should form a state-run bank responsive to public interest and dedicated to protecting the public from predatory practices, exorbitant fees, and reckless speculation with the depositors' money
Why is this important?
The State of California should form a state-run bank for the purpose of providing the public with an option of a financial institution that is responsive to public interest and dedicated to protecting the public from predatory practices, exorbitant fees, and reckless speculation with the depositors' money. The state bank should adhere to the principles of Glass-Steagall Act, which should be de-repealed in California.
