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California public banking bill clears another state Senate committee as momentum generates a swell of press coverage
Public Banking Institute; July 4, 2019 On July 3, California’s Public Banking Act, AB 857, passed the Senate Governance & Finance Committee 4 Aye’s to 3 No’s. In the extended hearing, Assemblymember David Chiu, the bill’s co-author, emphasized, “Something...
Facebook May Pose a Greater Danger Than Wall Street
Article originally appeared on June 25, 2019 photo: Facebook CEO Mark Zuckerberg. (Mike Deeroski / Flickr)(CC BY 2.0) Payments can happen cheaply and easily without banks or credit card companies, as has already been demonstrated—not in the United States but in...
Could Public Banks Help California Fund Affordable Housing?
Photo: Bank of America in Los Angeles, California. By Ricardo Diaz, Flickr (CC BY 2.0) A coalition of bank activists in ten California cities is pushing for public banks. A bill to support them is working its way through the state legislature. “We planted a...Could Public Banks Help Cities Keep Their Money Away from Wall Street?
By Jill Cowan, California Today; reprint New York Times, June 11, 2019 When a ballot measure that would’ve allowed Los Angeles to start its own public bank was rejected by the city’s voters last year, even proponents of the idea acknowledged that it was a little far...
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Episode: Everyone deserves a public bank
Join those who’ve endorsed a Public Bank for New Mexico
“I had the good fortune to work on this initiative before Bernie kidnapped all my time. This is one of those no-brainer initiatives that only the 1% could oppose. It has the potential to save the state millions of dollars by vastly reducing the cost of its bonds to improve infrastructure funding. in a public bank, our state funds can be used to build our local economy and our local infrastructure.”
– Paul Gibson
Retake Our Democracy