“Fraud-ridden banks” not LA’s only option

More city councillors are questioning why their municipalities are depositing city money in JPMorgan Chase after that bank was implicated in felonies ranging from rigging interest rates to mortgage fraud. But is it true that there is no viable alternative to big banks? If North Dakota–a small state, budget-wise–has its own bank, why not public banks for our biggest cities? Read about it here.

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