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OLDMDDEM

(1,553 posts)
Fri Apr 11, 2014, 08:39 AM Apr 2014

State Banking

I live in Maryland. We have all the Big Banks you can think of in, and around, the Washington, DC metro area. I think the State of Maryland should form the Bank of Maryland. Follow what North Dakota has done and show the Big Banks that our state is better than to accept the corrupt practices of Bank of America, JP Morgan Chase, etc. We deserve better than we are receiving from these banks, not only in my state, but the other 48 (I'm excluding North Dakota), and the District of Columbia.

What do you think?

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State Banking (Original Post) OLDMDDEM Apr 2014 OP
we used to have state-chartered banks. they got gobbled up. ellenfl Apr 2014 #1
I can't see a downside OLDMDDEM Apr 2014 #2

ellenfl

(8,660 posts)
1. we used to have state-chartered banks. they got gobbled up.
Fri Apr 11, 2014, 08:47 AM
Apr 2014

but still a good idea, if set up like north dakota's.

OLDMDDEM

(1,553 posts)
2. I can't see a downside
Fri Apr 11, 2014, 09:21 AM
Apr 2014

I suppose it would be possible that corruption could creep into the bank, but if we were to follow North Dakota's lead, they seem to have found a way to make it uncorrupt (is that a word?).

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