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Public Banking in NM: A Critical Tool for a Just Economic Recovery
Image courtesy occupy.com By Paul Gibson, Retake Our Democracy | June 13 2020 Like the gas & oil industry, the banking industry was teetering on the verge of collapse well before COVID-19. Many feel a recession worse than 2008 lies ahead. A public bank could...
West Virginia needs a state bank
Photo: West Virginia State Capitol (Bill Dickinson, CC BY-NC-ND 2.0) By Tighe Bullock, Charleston Gazette-Mail | May 22, 2020 Access to capital is as traditional a West Virginia problem as choosing your favorite pepperoni roll. Private banks have formed,...
The Looming Bank Collapse
Photo by Alice Pasqual on Unsplash By Frank Partnoy, The Atlantic | June 10, 2020 A state-owned public bank could offer stabler, simpler, more conservative alternatives to the collateralized loan obligations currently offered to troubled businesses. The U.S....
How Public Banks Can Solve the Covid-19 Economic Crisis
By North Denver News | June 5, 2020 Public banks, banks owned by the public, have been shown to respond more rapidly, effectively and equitably to crises than privately-owned banks. Colorado Leaders and Legislators were invited to learn how at an informative...
For Some Minority-Owned Businesses, Their Lenders Are Now Their Defenders
Reds One and Only BBQ in Ferguson, courtesy Google Maps. By Emily Flitter, The New York Times | June 4, 2020 A Public Bank could work closely with C.D.F.I.’s to make more small business loans to people of color. Black- and Latino-owned businesses have...
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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