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Crushing the States, Saving the Banks: The Fed’s Generous New Rules
The Fed’s relaxed liquidity rules have made it easier for state and local governments to set up their own publicly-owned banks. (Photo: Phillipp/cc/flickr) By Ellen Brown, Common Dreams | May 3, 2020 New terms could be harnessed for local governments to own...
Opinion: Recovering from Covid-19 With Public Banking
Photo: Oakland bank vault (Courtesy Wikipedia) By Rick Girling, Post News Group | April 30, 2020 The response to COVID-19 has laid bare, once again, the glaring economic inequalities we live with every day. An essential new institution is public banking — new...
Report: Fewer Small Businesses are Receiving Federal Relief Loans in States Dominated by Big Banks
Photo: Sixth Street, Austin, Texas. (Photo courtesy Institute for Local Self-Reliance) By Stacy Mitchell, Institute for Local Self-Reliance | April 29, 2020 A significantly larger number of federal relief loans are reaching small businesses in states where...
Maryland can prevent a year-long health crisis from becoming a decade-long economic crisis
Photo: Downtown Baltimore, Maryland. (Photo by Ken Lund, Flickr) By Michael Brennan, The Washington Post | April 29, 2020 Michael Brennan is chair of the Public Banks Project of the Democracy Policy Network and is part of an interstate coalition of policy...
To Keep the Economy Afloat, the Fed Turns to North Dakota
Photo: The nation’s only state-owned bank serves as a model for how the U.S. is fighting the economic damage of the pandemic. (Photo by Kaya / CC BY-NC-ND 2.0) By Oscar Perry Abello, Next City | Apr 29, 2020 Bankers generally don’t like surprises. But as CEO at...
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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