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September 19, 2018
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Would New Mexico banks drown under $1.4 billion in state cash? (Podcast)
(2010-01-27)
(KSFR) -
State Rep. Brian Egolf of Santa Fe has introduced a bill that would take the $1.4 billion in general New Mexico accounts out of Wells Fargo Bank and divide the deposits among local, New Mexico banks. We ask him how that would work and whether local banks would drown under the infusion of deposits.
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