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COVID-19 exposes why the Postal Service needs to get back into the banking business
Photo by docentjoyce/CC BY 2.0 By Melanie G. Long, The Conversation | July 8, 2020 Being unbanked is costly. A state public bank could support the growth of community banks and credit unions; postal banking is another way to make banking more accessible to the...
Public banking can help bridge the racial wealth gap in the post-pandemic recovery
Photo by Ken Lund/CC BY-SA 2.0 By Ameya Pawar, Harish I. Patel, The Chicago Reporter | July 7, 2020 Local and state governments are facing massive budget deficits after economically sensitive revenue streams tanked as a result of the extreme but necessary...
Report: Healthy soil, local food systems key for NM agriculture
Photo: Jose Pasilla weeds a green chile field near Salem in early May. Courtesy Albuquerque Journal. By Theresa Davis, Albuquerque Journal | July 5, 2020 A New Mexico Public Bank could invest in local economic and community development, such as enhancing our...
How to Be an Anti-Racist Bank
Keith Williams and Michael Howard of MMK Trucking, Greenville, Miss., are customers of and received a Paycheck Protection Program through Southern Bancorp. (Photo courtesy Southern Bancorp) By Oscar Perry Abello, Next City | July 2, 2020 If New Mexico had a...
Trump Regulators Just Rolled Back a Major Obama-Era Bank Reform
Photo by Roberto Júnior on Unsplash By Hannah Levintova, Mother Jones | June 25, 2020 This is why we need to keep New Mexico’s revenue in New Mexico. On Thursday, five federal regulatory agencies voted to roll back a key financial rule enacted...
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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