It is time to declare economic sovereignty from the multinational banks that are responsible for much of our current economic crisis. Every year we ship over a billion dollars in Oregon taxpayer dollars to out-of-state and multinational banks in the form of deposits, only to see that money invested elsewhere. It’s time to put our money to work for Oregonians. — Bill Bradbury, former Oregon Senate President and Secretary of State
Responding to an unfilled need for credit for local government, local businesses and consumers, three states in the last month — Oregon, Washington and Maryland — have introduced bills for state-owned banks, joining Illinois, Virginia, Massachusetts and Hawaii.