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A Bank Even a Socialist Could Love
“Money is a utility that belongs to all of us,” says Walt McRee. McRee is a velvety-voiced former broadcaster now plotting an audacious challenge to the financial system. He’s leading a monthly conference call as chair of the Public Banking Institute (PBI), an...Cities and States Prefer Public Banks to Wall Street
Alarmed by the corruption and greed of Wall Street, many US cities and states are studying the feasibility of establishing public banks. By John Lawrence, San Diego Free Press Public banks are owned by cities, states or other jurisdictions and serve to keep funds...Beyond Wells Fargo, City of Seattle’s banking options unclear
Seattle lawmakers will take a final vote Tuesday on whether to stop banking with Wells Fargo over ethical concerns. The ordinance already received support from eight out of nine City Council members at the committee level. Under the ordinance, the city could not work...Oakland Plans for Publicly Owned Bank, Thursday, Feb. 9
Oakland residents are showing growing interest in a plan to establish a public bank, which would provide an alternative to handing millions of dollars of city money to Wall Street each year. Residents have been studying the idea and organizing support for it for a...An open letter to the city of Seattle: Dump Wells Fargo and start our own bank
On Nov. 4, Seattle City Council member Kshama Sawant proposed legislation to allow credit unions and community banks to manage the deposits of the city, deposits that are currently managed by Wells Fargo. Wells Fargo has been caught defrauding customers while giving...
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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