Democratic gubernatorial candidate and current Lansing Mayor Virg Bernero said if elected he would set up a state-owned bank.

Michigan Senate Democrats have also proposed that the state launch its own bank by selling $150 million of bonds so it could to lend up to $1 billion.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.