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The Almighty Buck

Submission + - SPAM: Bank of the people, local government bank.

Exception Duck writes: This sounds like a great idea too me, coming from a country where the banks have pretty much ruined everything — and we have had to bail them out. How about power to the people again. Screw the bankers, and nationalize it (this case ownership in the hands of the city). I've haven't read similiar stories but they don't go to load — can imagine it's not to popular with the powers that be. Anyone have any experience of this from their local government ?
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