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Narooma NAB: maybe it is time for a Local Government bank

The Beagle Editor,

If our Council and Councillors are going to get involved in the current Narooma NAB closure matter, they need to develop a community supported business plan to present as a report at a council meeting, so genuine community discussions and involvement can occur. The plan could involve discussion with all New South Wales Regional and Rural Councils on the basis NSW regional and rural Council’s collectively ran and operated their own banks investing in and supporting local community’s.

Deregulation of the financial sector has caused all sort of regional and rural problems as well as economic stability in rural and regional NSW. Allan Brown Catalina

#Opinion #Paper #Narooma

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