Hustler November 2018 pdf

 

Hustler - November 2018

Hustler - November 2018

English | 138 pages | True PDF

There’s one thing the pirates on Wall Street fear above all else: public banking. Instead of funding the lordly lifestyles of Goldman Sachs bankers, ripping off consumers left and right with deceptive practices (like Wells Fargo), engaging in money laundering for criminals and other shady deals, public banks work for the public interest and small business entrepreneurs, giving them and other civic organizations affordable loans.
Only one American state has a public bank—the Bank of North Dakota, and it’s a huge success story. In 2014 The Wall Street Journal reported that the Bank of North Dakota “is more profitable than Goldman Sachs Group Inc., has a better credit rating than J.P. Morgan Chase & Co., and hasn’t seen profit growth drop since 2003.”

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