Tag: banks
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Blackstone, BlackRock or a Public Bank? Putting California’s Funds to Work
http://EllenBrown.com May 26, 2018 California has over $700 billion parked in private banks earning minimal interest, private equity funds that contributed to the affordable housing crisis, or shadow banks of the sort that caused the banking collapse of 2008. These funds, or some of them, could be transferred to an infrastructure bank that…