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Progress Toward a Public Bank in Santa Fe Continues — The Scope of Work for the Feasibility Study Released
The Scope of Work for the City of Santa Fe public banking Feasibility Study was released January 16, 2015. Thanks to City Staff for keeping our project moving forward so quickly. Here’s the schedule to make it official and it’s moving fast. Tuesday, January 20...Public Funds Are SAFER in Public Banks
The Federal Government used the Public’s funds to BAIL-OUT the Too Big To Fail Banks (TBTF)* from their derivatives-caused gambling crash of 2008. In only 6 years, the TBTF banks have grown by 37% using the same unrepentant, risky investments that caused that crash...A City of Santa Fe Public Bank is Better than a Revolving Loan Fund
ABOUT A CITY OF SANTA FE REVOLVING LOAN FUND The public’s funds not needed in the short term might be loaned to benefit the public good. As the borrower pays back the City they also pay interest. The interest paid over time will increase the loan fund. A revolving...NYTimes OpEds: Room for Debate – Should States Operate Public Banks?
While many of us understand the importance and benefit of public banks for stimulating local economies, there are many who have the opposite point-of-view and can present arguments that are reasonable, given their set of assumptions. It is important that we understand...Observations of Ellen Brown on WSJ Article about the Bank of North Dakota
In an article in The Wall Street Journal dated November 16, 2014 and entitled Shale Boom Helps North Dakota Bank Earn Returns Goldman Would Envy, Chester Dawson relates a largely factually correct representation of the Bank of North Dakota. However, the interpretation...
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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
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