State-owned Bank of ND makes record $70 million profit
April 19, 2012 at 10:42 am in Grand Forks Herald
The state-owned Bank of North Dakota set a record last year with $70.3 million in profits. The bank’s annual report says it’s the eighth straight year the state-owned bank has set an income record. The report was made public Thursday. The Bank of North Dakota had almost $62 million in profits in 2010. Continue Reading
All the more reason to pass measure 2
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I would like to be able to read a similar article stating that the North Dakota State Oil Refinery has broken profit records.
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North Dakota does not have a state oil refinery.
The one refinery located in Mandan, ND is privately owned (Tesoro?).
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Socialism works. California is using the ND model for its attempt to create a state bank.
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