Way to go California!

This is going to do so much good for so many people

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I can't imagine the Rothschilds would allow this without getting their cut.

Jow Forums will ignore this because it’s too confusing. On the one hand they hate rich jews getting rich, but on the other hand they hate socialism. Too hard to sort that out for them

>buys votes directly
>bypass debate and legislation on project funding by issuing loans without voter approval
>put tax purse at risk in pet projects and more student loans
What a fucking retarded idea. California is 100% communist and deserves death

What good for which people, exactly?

Like your faggot ass can sort it out

Actually not a horrible idea since it's better than the FED, but as long as the FED exists this will never work

jew
everyone but rich

Easy, Jews run CA's government and now skip the private middleman. Now they can really redistribute the middle class's wealth.

>public banking
>whites put money in
>everyone else takes it out

How is this socialism

local democrats will be able to give low interest "loans" to their supporters. Then they can pass the buck to all taxpayers if things go sour.

I'll have to see the details before I weigh in on this.

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>everyone else takes it out
It’s not that kind of bank. These are investment banks. It’s for providing big loans for government projects like building bridges or new apartments and stuff like that

>Being so stupid you unironically think that public banking was illegal and unknown before this retarded bill came along.

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>Jew
Says the slant-eyed nigger that still complains about shit that happened 80 years ago. You're an embarrassment to Asia.

How is this different from a credit union?

public banks are run by government as not for profit. They can ignore banking laws and regulations, they can be used for political benefit and can use taxes to cover loses. A german public bank got taxpayers to cover their 2 Billion loss

The bill specifically states it will be used for student loans, housing projects, low-income, parks and other urban bullshit to buy nigger and hispanic votes

For those who don't know what a public bank is en.wikipedia.org/wiki/Bank_of_North_Dakota
Likely only works in a state with a government of whites elected by whites.

You know asian countries don’t have all asian populations you troglodyte.

Holy shit, that sounds awful.

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Even worse, you're a foreign nigger that idolizes a nation full of yellow niggers that bitch about gibs from their more successful neighbors. How fucking embarrassing.

Its backed by guaranteed bailouts from the state of California. When the recession hits, it will basically be the state version of too big to fail.

Lighting of this photograph should be a criminal offense.

>corrupt beaners now in control of doling out loans to high risk/low reward democrat projects.
what could possibly go wrong?

So what are the interest rates going to be?

No I’m actually on a business trip, want to try again?

The California government is run by Jewish bankers. This is just a way to skirt what few banking laws still remain.

>business trip
Fucking daddy for your allowance doesn't count as business, tranny.

Get ready for reverse interest rates on savings goy.

Eh? From the sounds of it, they created a government entity that they just put all the tax payer money into, but which doles it out to whoever and however it wants sans representation. Sounds like an easy way to get around appropriation voting and politicking, What sort of limitations are in place to prevent abuse? Am I misunderstanding?