>La Grande Observer | Union and Wallowa Counties' News Leader

Observer news NE Oregon Classifieds Web
web powered by Web Search Powered by Google

Follow LaGrandeObserver.com

La Grande Observer print edition

view all La Grande Observer print publications »

La Grande Observer Daily Paper 07/21/14

The LaGrande Observer is now online in a Replica E-edition form and publishes Mondays, Wednesdays and Fridays. Current subscribers have full access to the E-edition.

View Paper

If you are not a current subscriber, subscribe today for immediate access.

Subscribe


Recent article comments

Powered by Disqus

Home arrow Opinion arrow Letters arrow Letters and comments for December 14, 2011

Letters and comments for December 14, 2011

Curtiss

 

Create state bank


To the Editor:

Dear Governor Kitzhaber,

I am a resident of Joseph, Oregon, a former city councilor, and former mayor.  I am concerned about the present financial crisis we are facing as a nation.

Because I do not believe that Congress can reform Wall Street bankers, I suggest creating an independent bank, similar to a credit union, owned by the residents of the state of Oregon, to compete with Wall Street banks.  

It is my understanding that North Dakota has already created a publicly owned bank which may provide a suitable template for Oregon.  I believe that, across party lines, the citizens of Oregon would rally behind such an effort to free ourselves from the abuses and uncertainties of Wall Street banks.

If the state of Oregon made such a bold move in the name of circumventing a national and world banking crisis, I suspect that more states would follow, thereby deflating the power of highly centralized Wall Street banking conglomerates.  The power would return to a more evenly controlled, state-by-state authority of the people.  At this time in history, it is an easy sell.  

I understand that the interest paid by borrowers at the Bank of North Dakota is funneled into the state’s schools and infrastructure, and the deposits made by the people are not gambled in the Wall Street casinos. Because creating our own bank would provide a viable alternative to the now dysfunctional banking system, the existing banks would be forced to alter their practices in order to compete for our business.

We as a state could help lead our nation out of what many of us consider a true state of emergency.

Please consider spearheading such a move in our state and getting a proposal on the next ballot if necessary.

Shelley S. Curtiss

Joseph

 
blog comments powered by Disqus
News
Local / Sports / Business / State / National / Obituaries / Public Notices
Opinion
Editorials / Letters / Guest Columns / Columnists
Features
Outdoors / Ag / Spiritual / Go Magazine / Portraits
Classifieds
View all classifieds / Jobs / Autos / Real Estate / Rentals / Place an Ad
The Observer
About / Contact / Commercial Printing / Subscriptions / Terms of Use / Site Map
Also Online
Photo Reprints / Slideshows / Weather and Valley Cam / /index.php?option=com_rss&feed=RSS2.0&no_html=1">RSS Feed ?> RSS Feed

Follow La Grande Observer headlines on Follow La Grande Observer headlines on Twitter

© Copyright 2001 - 2014 Western Communications, Inc. All rights reserved. By Using this site you agree to our Terms of Use

LaGrandeObserver.com works best with the latest versions of Mozilla Firefox, Microsoft Internet Explorer or Apple Safari

acheter levitra moins cher cialis preço farmacia viagra-in-italia viagra livraison h acheter viagra par telephone prix du medicament cialis viagra prix canada sildenafil sans ordonnance canadian pharmacy viagra viagra te koop cialis generiek viagra en vente libre en suisse cialis 10 mg farmacia en linea compra levitra 20 mg en espana cialis generico da mg cialis al naturale levitra inde achat viagra andorre comment commander du viagra billig viagra cialis betrouwbaar sites ou acheter cialis en ligne viagra soft tabs cialis zonder voorschrift acheter du cialis le moins cher cialis viagra cialis vendita senza ricetta meilleur site vente viagra achat sildénafil en ligne kamagra si trova farmacia