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Boosting Minnesota banks

Article by: LORI STURDEVANT , Star Tribune
Updated: October 26, 2011 - 2:44 PM

Gov. Mark Dayton seemed to be channeling his old boss, the late Gov. Rudy Perpich, as he announced Wednesday a plan for up to $100 million more in State Investment Board cash to be deposited in Minnesota community banks.

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dschachenmeyerOct. 26, 11 3:41 PM

The state gets a better return on its money and the banks get more capital to loan. Where is the downside here?

dvsdan123Oct. 27, 11 6:59 AM

Add the $300 million the state wants to waste on Zigi's stadium and you could put $400 million dollars to work creating more jobs and a bigger economic return than a playground for millionares.

bernice3Oct. 27, 11 3:24 PM

Rudy Perpich was one of our very best governors. He left our state healthier in many ways -- including opening eastern Europe to trade with Minnesota -- and, in addition, fostered the Residential High School for the Arts and the Center for Victims of Torture. Governor Dayton could find no better person to emulate.

alansonOct. 28, 1111:54 AM

Ah the romance of the community banks! Alas there is no evidence whatever that they do a better job of putting their deposits to work than the giant banks do. We're not necessarily talking Jimmy Stewart in "It's a Wonderful Life" - think instead of mean old Mr. Potter's community bank.

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