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Public banks can be formed in California as Newsom signs new law
By James F. Peltz – Los Angeles Times California cities and counties will be allowed to establish public banks under a controversial bill signed into law Wednesday by Gov. Gavin Newsom, making California only the second U.S. state to allow such institutions....
Wall Street Beware: The Public Banking Movement Is Coming for You
(above) Members of the San Francisco Public Bank Coalition rally at San Francisco City Hall to demand the creation of a public bank. photo by: Kurtis Wu It may not come as a surprise to hear that the majority of Americans don’t trust the banking system in this...
The one strategy that could finance the whole Green New Deal
The current banking system in the U.S. doesn’t meet the equity or environmental aims of the Green New Deal. But the push to establish government-run banks that do is gaining momentum as an alternative. For the latter half of 2016, the Standing Rock Sioux and...
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...
Could Public Banks Help California Fund Affordable Housing?
Photo: Bank of America in Los Angeles, California. By Ricardo Diaz, Flickr (CC BY 2.0) A coalition of bank activists in ten California cities is pushing for public banks. A bill to support them is working its way through the state legislature. “We planted a...
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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