To: Governor Gavin Newsom
Set Up State Owned Bank
We the citizens of California call upon the governor to immediately set up a state bank to finance local and state bonds for greatly needed interstructure improvements,
Why is this important?
My petition is for the state governor to set up a state owned bank like North Dakota. With such a bank the bonds used to finance state interstructure improvements and state parks and such can be financed by the state owned bank at the 1-2% rate if interest the big banks pay. This would save the taxpayers the difference between the 5-6% rate of interest they now pay the big mega banks to finance these bonds.