A state-owned bank on the model of the Bank of North Dakota can provide low-interest loans, liquidity and financial sovereignty, writes Ellen Brown.
By Ellen BROWN
On CNN on March 14, Roger Altman, a former deputy Treasury secretary in the Clinton administration, said that American banks were on the verge of being nationalized:
The deposit base of the financial system has not actually been nationalized, but Congress is considering modifications to the Federal Deposit Insurance Corporation (FDIC) insurance limit.