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

La Grande, OR forecast
& Eastern Oregon University Valley Cam

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

Follow LaGrandeObserver.com

Today's front page

Image of The Observer's Front Page

Get Home Delivery of The Observer for only $8.50 per month, $9.50 for motor routes. Just click here and after filling out one simple and secure online form you could be on your way to learning more information about local, state and world news.

manage your account »

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



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


blog comments powered by Disqus
Local / Sports / Business / State / National / Obituaries / Public Notices
Editorials / Letters / Guest Columns / Columnists
Outdoors / Ag / Spiritual / Go Magazine / Portraits
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

comprarviagraes acheter viagra generique Ă©quivalent viagra sans ordonnance acheter du viagra en pharmacie cialis senza ricetta svizzera acheter viagra indien sildenafil generika generisch viagra levitra ricetta medica comprare viagra on line senza ricetta
cialis mastercard 
kamagra mg 
viagra acheter france 
female viagra acheter 
cialis generico 
levitra generico comprar 
cialis y viagra necesitan receta medica 
levitra a vendre 
precio de viagra en farmacias 
cialis ohne rezept