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CT forum to address public-owned banks, which offer low-interest loans
Image courtesy Public Banking Institute By Cassandra Day, The Middletown Press | July 11, 2020 Local stakeholders are hoping to enlighten people about the possibility of creating a public banking system which potentially could become a financial lifeline to...
Ex-Ald. Ameya Pawar writing the book on why we need government-owned banks in the public interest
Photo: Ameya Pawar (Rich Hein/ Sun-Times) By Mark Brown, Chicago Sun-Times| July 10, 2020 A New Mexico state public bank would accept and invest public funds, not offering retail bank accounts but rather supporting community banks and credit unions. ...
California Bill to Establish Nation’s Second Public Bank Applauded as ‘Historic Challenge to Wall Street Domination’
Photo: Trinity Tran/Twitter By Jake Johnson, Common Dreams | July 10, 2020 “If California is serious about addressing racial and income inequities, we must create a banking system that centers people not profits.” In a move advocacy groups...
Bank of North Dakota Releases 2019 Annual Report: “From Surviving to Thriving”
Photo via Bank of North Dakota, LinkedIn By Bank of North Dakota | July 7, 2020 Imagine if New Mexico could realize the substantial profit from its own public bank that North Dakota’s public bank generated for their state in 2019 The state-owned Bank of...
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...
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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