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Municipal banking

Los Angeles looks into what it would take to create a municipal bank

by Alex Cohen
Nov 24, 2017
The LA City Council president thinks a city-run bank would be run differently than a commercial one.
LA City Council President Herb Wesson says he would like the city to create a municipal bank, with a mission to make Los Angeles a better place by providing loans for local businesses and for affordable housing.
Photo courtesy of the City of Los Angeles
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