The ‘Socialist’ Bank Thriving In Trump Country
From CNBC.
Watch this video on YouTube ↗
Progressive political candidates have clamored to launch public banks in the lead-up to the 2026 midterm elections. However, there is just one active example in the United States: the Bank of North Dakota. Chartered in 1919, this bank uses tax revenue from the state to fund and execute strategic economic development priorities for North Dakota. The bank has assisted in sales of fossil fuel assets, a presidential library, and general lending to citizens and businesses in need. CNBC's Garrett Downs reports on this “socialist experiment” unfolding deep in Trump country.
Chapters:
00:00 Introduction
01:14 Strategic investments
03:32 Cowboy socialism
06:34 Politics
Reporter: Garrett Downs
Produced and Shot by: Carlos Waters
Edited by: Andrea Miller
Additional Camera by: David Soltis
Animation: Jason Reginato, Emily Park
Senior Managing Producer: Shawn Baldwin
Additional Footage: Getty Images
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC
#cnbc
The 'Socialist' Bank Thriving In Trump Country
Chapters:
00:00 Introduction
01:14 Strategic investments
03:32 Cowboy socialism
06:34 Politics
Reporter: Garrett Downs
Produced and Shot by: Carlos Waters
Edited by: Andrea Miller
Additional Camera by: David Soltis
Animation: Jason Reginato, Emily Park
Senior Managing Producer: Shawn Baldwin
Additional Footage: Getty Images
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC
#cnbc
The 'Socialist' Bank Thriving In Trump Country
