California has over $700 billion parked in private banks, private equity funds, or shadow banks. These funds, or some of them, could be transferred to an infrastructure bank that generated credit for the state – while the funds remained safely on deposit in the bank. via /r/economy


California has over $700 billion parked in private banks, private equity funds, or shadow banks. These funds, or some of them, could be transferred to an infrastructure bank that generated credit for the state – while the funds remained safely on deposit in the bank.
https://ellenbrown.com/2018/05/26/blackstone-blackrock-or-a-public-bank-putting-californias-funds-to-work/

Submitted May 29, 2018 at 06:36PM by BlankVerse
via reddit https://www.reddit.com/r/economy/comments/8n3elz/california_has_over_700_billion_parked_in_private/?utm_source=ifttt

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