The recent shenanigans at Wells Fargo Bank add yet more ballast to the proposal to create a city-owned public bank in Santa Fe. We as city citizens and taxpayers are in effect underwriting Wells Fargo’s crooked dealings, because the city of Santa Fe banks with Wells Fargo. We have an alternative within reach — let’s create a public bank, a bank of the people, run by the people, for the benefit of the people. Interest payments paid by the city would go to improving public services, instead of toward enriching Wells Fargo’s executives and stockholders.
Esther Kovari – Santa Fe
