When nonviolence is preached as an attempt to evade the repercussions of political brutality, it betrays itself. When nonviolence begins halfway through the war with the aggressor calling time out, it exposes itself as a ruse. When nonviolence is preached by the representatives of the state, while the state doles out heaps of violence to its citizens, it reveals itself to be a con. And none of this can mean that rioting or violence is "correct" or "wise," any more than a forest fire can be "correct" or "wise."—The Atlantic
With the heft of its industrial banks, which are also known as Industrial Loan Corporations (ILCs), Utah has emerged as a marquee state for financial services. According to statistics compiled by the Utah Department of Financial Institutions, which regulates industrial banks and other state-chartered banks, the Beehive State is the fourth-largest center for state-chartered banking in the nation, with $277 billion in assets anchored within its borders. Only New York, Massachusetts and California top Utah on this list. $143 billion of these assets are in ILCs held by corporations, like General Electric, Target and the Flying J truck-stop chain.
What these banks are and how they operate, though, isn't widely known outside of financial and political circles. In the past decade, the state of Utah and the lobbying firm Foxley & Pignanelli have become the largest cheerleaders for this arm of the banking industry, which according to Frank Pignanelli—a lobbyist, executive director of the National Association of Industrial Bankers and former Democratic legislator—directly and indirectly support thousands of jobs throughout the state.—Salt Lake City Weekly