Ellen Brown: Putting California’s Funds to Work-$700 Billion of Dollars Just Sitting There

Blackstone, BlackRock or a Public Bank? Putting California’s Funds to Work

by Ellen Brown

California has over $700 billion parked in private banks earning minimal interest, private equity funds that contributed to the affordable housing crisis, or shadow banks of the sort that caused the banking collapse of 2008. These funds, or some of them, could be transferred to an infrastructure bank that generated credit for the state – […]

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My Comment:  Pictured is California’s Failing Infrastructure:  Crumbling Oroville Dam.

Ellen Brown | May 26, 2018 at 10:25

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