SACRAMENTO, Calif. – The California Bankers
Association (CBA) released the results of a poll conducted by FM3
Research that shows the vast majority of Californians oppose
government getting into the business of banking. Currently, there
is a measure before the California Legislature, Assembly Bill
857, authored by Assembly Members David Chiu of San Francisco and
Miguel Santiago from Los Angeles, which allows for the creation
of government-run public banks at the municipal level.