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New Mexico Senate Panel Clears Anti-Big Bank Public Funds Bill

The House-passed, anti-big bank public funds bill geared to funnel $5 billion in state funds into credit unions and community banks cleared a new hurdle this week in the New Mexico Senate.

By Jim Rubenstein | Updated on February 11, 2010

The House-passed, anti-big bank public funds bill geared to funnel $5 billion in state funds into credit unions and community banks cleared a new hurdle this week in the New Mexico Senate.

The measure, which lately has drawn national media attention because of its sentiment against Bank of America and Wells Fargo, was unanimously vote out of the Senate Corporations and Transportation Committee Wednesday night.

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