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Transforming the State’s Economy with a Public Bank
By Dorothy Gamble — Green Fire Times | Jan/Feb, 2022 Currently, New Mexico’s money—three to nine billion dollars on any given day—is deposited and managed globally for profit elsewhere. The proposed Public Bank of New Mexico (PBNM) would safely invest our taxes and...
Your State Could Decide to Open a Bank
People pass a check cashing service center in Brooklyn, New York. Backers of state-run banks say the institutions could help people open accounts by reducing typical bank charges and fees, allowing people to stop using expensive check cashing services.Bebeto...
Payday loans are a problem. Can a public bank be part of the solution?
Cash Loans, which is located at 8314 S. Kedzie Ave. in the Ashburn neighborhood, offers high-interest loans to consumers. Pat Nabong/Sun-Times By CST Editorial Board / Chicago Sun-Times | December 5, 2021 Bringing affordable banking services, including...
Keeping the Money at Home: Thoughts on A Public Bank for New Mexico
By Susannah Abbeys / bernalillodems.org | December 4, 2021 Q&A with Sarah Manning: Sarah Manning is a coordinator of outreach and public partnerships for the Alliance for Local Economic Prosperity (AFLEP), a nonprofit organization that educates and...
A view from history on the positive potential of a National Infrastructure Bank
Original Article from Public Banking Institute. The proposed National Infrastructure Bank (NIB) now before Congress as HR 3339 is modeled after the Reconstruction Finance Corporation (RFC), which was instrumental in pulling the U.S. out of the Great Depression in 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
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