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Postal Banking in the U.S.? It’s Not as Unlikely as It Sounds
Photo by Brian Lipiner, myrecorujournal.com By Editorial Board, Bloomberg | May 13, 2021 The right kind of arrangement would help the USPS as well as millions of unbanked Americans. Should U.S. post offices also be banks? Lately, a group of legislators...
How Rural Electric Cooperatives Can Support a Green New Deal
“Pedernales Electric Cooperative Christmas Lights,” Mike Rastiello (CC BY-NC-ND 2.0) By Wan R. Smith and Philip Fracica, Nonprofit Quarterly | May 12, 2021 Rural Electric Cooperatives (REC) were originally like public infrastructure banks for supplying...
Rural Distress and the Concentration of Financial and Economic Power
Guadalupe County Hospital in Santa Rosa, NM. Many rural NM hospitals are struggling right now. Photo courtesy Guadalupe County Hospital website (www.gchnm.org). By Stacy Mitchell, Institute for Local Self-Reliance | April 20, 2021 Testimony before the U.S....
Sen. James Sanders’ public banking bill: How it could work in New York
Photo by farmboyted, Flickr (CC by NC-2.0) By Susan Arbetter, City of Albany | May 3, 2021 For decades, many banks in the U.S. denied mortgages to people of color based strictly on race or the neighborhood where they lived. The practice, which started in the...
Take On Wall Street With Local Banking
Image by Nattanan Kanchanaprat from Pixabay By Ben Frogel, The American Conservative | April 7, 2021 Big banks are becoming increasingly politicized, and not in a direction that is favorable for conservatives. JP Morgan Chase led the fundraising charge for...
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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