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Financing Needs Persist as Crisis Drags On
Photo: Small businesses on Albuquerque’s Central Avenue. Photo by Ken Lund. By Pilar Martinez, Albuquerque Journal | April 27, 2020 Weekends. Nights. Eighteen-hour work days. These, believe it or not, have become the new “bankers’ hours” amid...
AFLEP Seeks to Leverage Public Banking to Revitalize and Reinvest in NM Communities
Photo: Board of Directors and Team Members, Alliance for Local Economic Prosperity. By Adam West, BadCredit.org | Apr 1, 2020 “It’s about democratizing the financial system, and this is one big step” In late February 2020, Business News Daily reported on...
Las Cruces says it supports a public bank. But what does that mean?
By Michael McDevitt, Las Cruces Sun-News / Jan 8, 2020 Las Cruces says New Mexico should consider a public bank. At its Monday meeting, the first of the year, the Las Cruces City Council voted to support New Mexico exploring the feasibility of a state public...
Banking on the Public
A New Mexico advocacy group wants to let the people decide what happens with their money Santa Fe Reporter, Will Costello In late 2016, Wells Fargo, the consumer lending behemoth of Wall Street, attracted the eyes of the Consumer Financial Protection Bureau, the...No public bank for Santa Fe
By Journal North Editorial Board Friday, May 11, 2018 | 12:02am Santa Fe gave the idea of establishing a public bank a shot. But a task force set up by City Hall has determined that startup costs, and “daunting legal and regulatory obstacles” would be too much to...
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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