Bank of North Dakota
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Bank of North Dakota
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Re: Bank of North Dakota
#2Nice to see this posted. Understated in this is that BND also helped North Dakota avoid the worst of the mortgage crisis, and that the student loan program (combined with decent state universities) make education more affordable. As far as banks go, BND is a gem.
Re: Bank of North Dakota
#3I wish there was some books, lectures, etc. about what makes BND unique and what it does. Can’t find anything.
Re: Bank of North Dakota
#4I wish there was some books, lectures, etc. about what makes BND unique and what it does. Can’t find anything.
Right in the External Links section of TFA.
- Bank of North Dakota Documentary, produced by Prairie Public Television https://www.youtube.com/watch?v=L75oinBuY1g
- The BND Story: 100 Years, 1919–2019 https://thebndstory.nd.gov/
Re: Bank of North Dakota
#5How is BND's success influenced by the very small size of its assets held relative to other banks? The BNY would have assets comparable to those of a major commercial bank.
Re: Bank of North Dakota
#6I wish there was some books, lectures, etc. about what makes BND unique and what it does. Can’t find anything.
Ellen Brown has written about public banks in general, and BND specifically. https://ellenbrown.com/
Re: Bank of North Dakota
#7I wish there was some books, lectures, etc. about what makes BND unique and what it does. Can’t find anything.
There's https://thebndstory.nd.gov/the-early-years/the-birth-of-the-... which clicks through to a decent amount of historical info.
But if you're taking about like a modern comparison, yea, probably gotta find an expert in banking regulatory law and ask them. (And if they're not in the Midwest, you might need to ask them to read up and learn first, and then tell you lol)
Re: Bank of North Dakota
#8Can anyone who has a real world hands on experiential understanding of the banking system explain to me what exactly bank “capital” is? I’m well aware reserve requirements aren’t a thing anymore and that bank capital is different.
I would find it rather amusing if other banks’ liabilities can somehow be defined as a bank’s capital, because it would mean bank capitalization in aggregate is really just banks expanding their balance sheets. This in turn would suggest that it’s mainly, from an outcomes perspective, about allowing the major banks to dictate to the smaller ones by the former conditionally refusing to expand their own balance sheets to coerce the latter.
Re: Bank of North Dakota
#9Nice to see this posted. Understated in this is that BND also helped North Dakota avoid the worst of the mortgage crisis, and that the student loan program (combined with decent state universities) make education more affordable. As far as banks go, BND is a gem.
When I was in college, I took a number of Econ courses, and I still remember the Macro Econ professor talk about banks failing. This was in the mid 90's. He flat out said that a bank failing is something that just doesn't happen anymore. He pretty much said, you'll never see it happen. This is before they repealed the Glass-Steagall act.
I still remember the mortgage crisis unfold in disbelief that they didn't see it coming. I worked in finance at the time, and I truly realize how fragile businesses (banks, etc.) are, and our trust in a number of things is completely unfounded. We have certain protections now, but I understood at that moment why people my parent's age (born during WWII) and older didn't trust banks, etc.
Re: Bank of North Dakota
#10Why should I care when credit unions have always treated me better? Banks don’t need to exist in a world where credit unions work.
Credit unions need to be more directly tied to “left wing thought” in general. Most Bernie types hardly even talk about the role that banks (even public banks like this one) play in screwing the little person over beyond meme stuff like housing which isn’t even in their control.