readuncutThe Bank of North Dakota grew business lending 35% between 2007-2009, expanding credit in the exact months every private lender sprinted for the exits. Walking into the storm with an umbrella stuffed full of money while the professionals huddled under awnings.
https://readuncut.com/americas-reddest-state-runs-a-socialist-bank/
#FinancialCrisis #CommunityLending #CounterCyclical #BankingReform #LocalBanking #CreditAccess
America's reddest state runs a socialist bank
North Dakota votes Republican by margins that make the word landslide sound timid, treats "government overreach" roughly the way other states treat arson, and has owned and operated its own bank since 1919, 3 facts that are supposed to cancel each other out and stubbornly refuse to, because the Bank