by Anthony Colombo | Nov 8, 2016 | New LTE
Hats off to John Chiang, California state treasurer, who is taking his responsibility to the people of his state seriously. In a letter to Wells Fargo, withdrawing all California funds, Chiang asked, “How can I continue to entrust the public’s money to an organization...
by Anthony Colombo | Nov 7, 2016 | New LTE
Santa Fe’s effort to establish a publicly owned city bank is in line with other moves around the country. In New Jersey, Phil Murphy, the front-runner in next year’s gubernatorial contest, pledged in September to create a state-owned Bank of New Jersey as a...
by Anthony Colombo | Oct 31, 2016 | New LTE
With corporate greed and corruption at an all-time high — the recent Wells Fargo scandal just one more example — public banking is our best long-term solution. It would save the city of Santa Fe millions of dollars in interest, and our funds would stay in our...
by Anthony Colombo | Oct 26, 2016 | New LTE
I am so proud to be a citizen of Santa Fe, and on the cutting edge of a new movement — to harness the mighty power of finance to benefit all of our citizens, instead of padding Wall Street’s bottom line. An independent study has concluded that a publicly owned city...
by Anthony Colombo | Oct 23, 2016 | New LTE
How can the city of Santa Fe continue to do business with Wells Fargo after it’s now been exposed as a criminal organization? If this latest outrage by yet another big bank isn’t enough proof of a need for a city-owned public bank, what is? The state of North Dakota...
by Anthony Colombo | Oct 9, 2016 | New LTE
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...