[Occupymendocino] A suggestion……

[Norman de Vall]

Why doesn't an accomplished fiscal person run for
County Treasurer?  Isn't it already functioning as a
public bank?

The Treasurer holds funds from numerous public
entities which receive revenues through property 
taxes and loans out the money (usually to the banks)
on a one day or more basis.

When the County issues a bond, (such as a Pension
Obligation bond) the County issues the bond but 
usually not to members of the community or public.
The Bank of Ireland purchased $75m of the last 
issue.

During the apartheid years in South Africa I asked then Treasurer
Irene Lange to stop our assisting the Bank of America which was
supporting the practice at the time.  

The BofA interest rate offer was higher than competitive banks
and the County continued to loan to the bank which supported apartheid.

When the Treasuer supports Public Banking were half way there.

Norman