State Bank Set Up is Costly, Bureaucratic

 

There needs to be proper vetting in order avoid burdening the state with more costly bureaucracy and a huge infrastructure startup cost. Presently, there is no detailed business plan that addresses any of the implementation issues (startup time and diversion of funds; unknown funding source; state liability; policy conflict of social good versus profits; tying up of public funds, etc).

 

For the entire article by Representative Ward, please visit http://www.hawaiireporter.com/state-bank-set-ups-is-costly-bureaucratic/123.

 

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