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California public banking bill clears another state Senate committee as momentum generates a swell of press coverage
Public Banking Institute; July 4, 2019 On July 3, California’s Public Banking Act, AB 857, passed the Senate Governance & Finance Committee 4 Aye’s to 3 No’s. In the extended hearing, Assemblymember David Chiu, the bill’s co-author, emphasized, “Something...
Why Is the Fed Paying So Much Interest to Banks?
Truthout.org; Ellen Brown/The Web of Debt Blog “If you invest your tuppence wisely in the bank, safe and sound, Soon that tuppence safely invested in the bank will compound, And you’ll achieve that sense of conquest as your affluence expands In the hands of the...
Monetary policy takes center stage: MMT, QE or public banks?
A network of public banks including a central bank operated as a public utility could similarly fund a U.S. Green New Deal – without raising taxes, driving up the federal debt, or inflating prices. Nation of Change; Ellen Brown / OpEd As alarm bells sound over...
Bank of North Dakota celebrates 100 years
By Bonnie Melbers, Dec. 8, 2018, Grand Forks Herald The Bank of North Dakota turns 100 years old next year, but it’s just as important today as when it was founded in 1919, the bank’s executives said. It is the only active state-owned bank in the country....Vote your values with your dollars: Support an SF public bank
By Zac Townsend | San Francisco Chronicle OPINION, May 7, 2018, 6:00pm We should organize San Francisco to prioritize supporting local financial institutions over big banks — some of the least ethical corporations in the United States. Almost every dollar the...
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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