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New York City Gets Back in Bed with a Bad Bank — But There’s a Better Way
New York City Mayor Bill de Blasio on Wall Street (photo: Ed Reed/Mayoral Photography Office) By Andy Morrison, Gotham Gazette | May 31,2021 This past week, an obscure public body, the New York City Banking Commission, decided that the city can resume banking...
How banking changed after the killing of George Floyd
George Floyd rally at the U.S. Capitol. Photo by Mobilus In Mobili, Flickr (CC BY-SA 2.0) By Kevin Wack, Polo Rocha, Laura Alix, Allissa Kline & Jon Prior, American Banker | May 25, 2021 One year ago today, Minneapolis Police officer Derek Chauvin was...
With the Child Tax Credit, the Unbanked Face Yet Another Trial in Getting Government Benefits
The Biden administration estimates that 80 percent of eligible households for the child tax credit will receive those funds directly in their bank account. (Image by Standsome from Pixabay) By Claire Williams, Morning Consult | May 26, 2021 A NM Public Bank...
Black Economic Council of Mass. makes forming a public bank a top legislative priority
Segun Idowu, via Twitter By Jon Chesto, Boston Globe | May 19, 2021 Business group backs setting aside $50 million a year to fund a state-owned lender The Black Economic Council of Massachusetts is throwing its newfound political muscle behind an unusual...
How Rural Electric Cooperatives Can Support a Green New Deal
“Pedernales Electric Cooperative Christmas Lights,” Mike Rastiello (CC BY-NC-ND 2.0) By Wan R. Smith and Philip Fracica, Nonprofit Quarterly | May 12, 2021 Rural Electric Cooperatives (REC) were originally like public infrastructure banks for supplying...
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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