Lefty LA Council blasted over plan to study city-owned bank: ‘We can’t even manage our own damn finances’

Fuente: New York Post

Los Angeles’ left-leaning City Council wants to explore launching a government-run bank despite the city facing a projected $100 million budget gap — drawing a blistering rebuke from one councilmember who questioned whether City Hall can handle its own finances. The council voted 11-3 Wednesday to spend $460,000 for a feasibility study on creating a city-owned bank, reviving a proposal whose funding was previously swept back into city reserves amid budget pressures. 6 Los Angeles City Hall.