Municipal bank feasibility study says “theoretically yes, but realistically no”

At the beginning of 2018 the City of Seattle commissioned a study to look at the feasibility of creating a municipal bank. Those study results were released yesterday.  It says that in theory the city could create its own bank, but there are significant legal, logistical, regulatory and financial challenges to doing so.

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Council passes gun safety regulation; on to court

This afternoon the City Council passed an ordinance requiring gun owners to securely store their firearms at home when not being carried. As I wrote previously, this is a perfectly reasonable idea, but it’s beyond the authority of the city to enact it because state law preempts cities from passing their own gun regulations. This afternoon in an interview I asked City Attorney Pete Holmes for his legal argument as to why the city has the power to enact this ordinance in the face of a state law that clearly prohibits it.

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