Only one state in America has a public bank. But support for more public options was growing even before the current financial turbulence began.
The pilot program emerges more than 50 years after the USPS ceased public banking.
This weekend, attendees of the Public Banking Conference in San Rafael, California will gather to re-think the global banking system. They hope to spread a time-tested financial idea from North Dakota.
They are already in North Dakota and Chicago. Now there's a move to get more state and local governments to use them instead of big private banks.
