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Vision: In Oregon, a Grassroots Campaign for a State Bank

Oregon's people, inspired by the economic crisis and led by the Working Families Party, are fighting to get Wall Street out and a state bank in.

The following article first appeared in The Nation magazine. For more great content from the Nation, sign up for their email newsletters here.

 One promising response to the economic meltdown has been a focus on severing ties to the Wall Street banks that caused the crisis. Several states have proposed publicly owned state banks, the consummate underpinning of a truly local economy. In Oregon, this has involved not just legislation but a broad-based grassroots campaign to ensure that the legislation is not hijacked by the financial lobby, which has made every effort to derail it.