They are in for a shock when they figure out that a loan bank is useless, only be partnering with other banks can this be of any meaning.
For instance, I don’t see Office Depot accepting the State of Washington Credit Card anytime soon.
Judging from the way liberals think and our governor has done business in the two terms: they probably think that they can create a new bank bureaucracy that will employ hundreds, if not thousands, of new government employees before it gets top heavy and capsizes at which time the process of “THE FIX” will go on for years and years.
But wouldn't that be a better bet than a Citi-Group credit card? I like the idea of state banks and eliminating the TBTF banks that have sucked taxpayers dry.