Public Banking Bill Mortus Est

In the early hours of February 17th, Public Banking Bill SB 5188, weakened by toxic amendments, was found lifeless. Heroic attempts to keep it alive since early January this year had been unsuccessful.

In the early hours of February 17th, Public Banking Bill SB 5188, weakened by toxic amendments, was found lifeless. Heroic attempts to keep it alive since early January this year had been unsuccessful.

The legislation to establish a public bank in Washington (SB 5188) and save taxpayers a boatload of money, was found dead in a back room of a rarely used Senate chamber in Olympia. Last rites were administered by the Senate chaplain. Attached to its file jacket was a cryptic note "Senate rules X file," later attributed to opposition forces who claimed responsibility.  

Legislative Death Warrant

The bill had apparently been stressed by many sessions of watering-down (legislative waterboarding) that weakened its purpose and will to live. Among the cruelest of blows was the removal of the word “bank” from its pages, twisting the bill into the establishment of a “ financial cooperative.” Constant mistreatment of the bill by the banking industry was listed as a contributing cause in the autopsy. Extensive bruising by “alternative vague language” was noted in the coroner's report.  

Although the parents of SB5188 are grieving, good news is in the wind as they are expecting a new bill, Junior, in late November to be christened, perhaps at the start of the next legislative session.  

SB 5188 - Requiescat in Pace.  

A partial bio of the life of SB 5188 can be found below in Related Links.

Related Links

About Dick Conoboy

Citizen Journalist and Editor • Member since Jan 26, 2008

Dick Conoboy is a recovering civilian federal worker and military officer who was offered and accepted an all-expense paid, one year trip to Vietnam in 1968. He is a former Army [...]

Comments by Readers

David A. Swanson

Feb 19, 2022

Mortuus et subnectam

vel

Morbus et sequela?

 

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