This would seem to be something that Schwartznegger and the Democrats who control the Assembly and Senate might agree on.  With Arnie's help, they might be able to peel away enough Republicans to achieve a 2/3rds majority, if that is required, and create a state bank.  California has a proud progressive history.  Were it revived and updated, it could provide a way out of their current dilemma.  A state bank along the lines of that in North Dakota could be a start.

But for such a project to really succeed a public figure who commands an audience is needed to re-educate the public on how the world CAN work and show exactly how and why it is working so disastrously today.  It would be a highly improbable but highly amusing spectacle for The Terminator to terminate the evil spell cast by  Neo-Classical Economics, even if only in California.  A nice thought though.

"It is not necessary to have hope in order to persevere."