I agree with you. The compliance costs alone with starting a bank, plus how do you earn interest back on investing in transportation infrastructure? If the bank

I agree with you. The compliance costs alone with starting a bank, plus how do you earn interest back on investing in transportation infrastructure? If the bank makes a loan to the city for a new train line, does the city pay itself back...with its own money? I get the overall activist position against modern finance in the aftermath of the financial crisis, but letting politicians run a bank is not a great idea.