State bank idea needs more study

POSTED: 01:30 a.m. HST, Mar 15, 2012

~~<p>Hawaii has joined the roster of 17 states that have introduced bills proposing state-owned banks, as one means of addressing the crisis in the housing sector and the challenges of financing business growth.</p>
<p>Advocates for this approach point to the success of North Dakota's bank, established in 1919, as a potential model for adaptations elsewhere, and they cite the credit drought of the 2008 financial crisis as a reason states should play a role. Also, the languishing problem of the housing market, with many homeowners facing foreclosure, is a persistent weight on the recovery nationwide.</p>
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Hawaii has joined the roster of 17 states that have introduced bills proposing state-owned banks, as one means of addressing the crisis in the housing sector and the challenges of financing business growth.

Advocates for this approach point to the success of North Dakota's bank, established in 1919, as a potential model for adaptations elsewhere, and they cite the credit drought of the 2008 financial crisis as a reason states should play a role. Also, the languishing problem of the housing market, with many homeowners facing foreclosure, is a persistent weight on the recovery nationwide. Login for more...