by Anthony Colombo | Dec 30, 2016 | New LTE
I am writing to urge the Santa Fe city councilors to support the public bank resolution. As I illustrate in my book, Breaking Big Money’s Grip on America, the practices of Wall Street and the global banks have been very detrimental to most Americans, the 2008 Great...
by Anthony Colombo | Dec 29, 2016 | Commercial Banking, Monetary Policy, National, News
Source: Federal Deposit Insurance Corporation In 1934 the U.S. had 14,146 commercial banks holding insured deposits. By 1985, that number had barely budged, standing at 14,417. Then came the Bill Clinton administration in the 1990s and its reckless and unprecedented...
by Anthony Colombo | Dec 25, 2016 | New LTE, News
Like local and state governments across the nation, both Bucks and Montgomery counties have limited tools to balance their annual budgets: cut services, lay off employees, raise taxes, take on more debt or ask for employee givebacks. This year, the Montgomery County...
by Anthony Colombo | Dec 24, 2016 | New LTE
A public bank task force resolution will come before the City Council in January (“What’s the fuss about a public bank in Santa Fe?” Dec. 11). The feasibility study completed by Building Solutions was a good economic development study, but failed to address crucial...
by Anthony Colombo | Dec 24, 2016 | Local Economies, National, New Jersey, News
BAYONNE, N.J. — Nicole Adamczyk’s drinking water used to slosh through a snarl of pipes dating from the Coolidge administration — a rusty, rickety symbol of the nation’s failing infrastructure. So, in 2012, this blue-collar port city cut a deal with a Wall Street...