Dedicated Issues·4 hours ago·Thursday, October 29, 2026, 3:45 PM

It’s a ‘socialist’ bank — and North Dakota Republicans love it

The Bank of North Dakota is the country’s only state-owned bank. It enjoys broad support from the red state’s current political leaders and serves as an example for progressives aiming to reignite public banking. CNBC’s Garrett Downs traveled to North Dakota to learn how the bank operates.

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