Tag Archives: op-ed

Nichols Cautions Voters on Risks of Public Banks

As voters in Los Angeles prepare to vote on a measure authorizing the city to create a government-run bank, ABA President and CEO Rob Nichols in an op-ed urged them to consider whether the benefits of such an institution would outweigh the risk posed to taxpayers. “A scattered business focus, undue political influence and a lack of oversight” have historically ...

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