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What if People Owned the Banks, Instead of Wall Street?
When Craig Brandt marched into the City Council chambers in Oakland, California, in the summer of 2015, he was furious about fraud. The long-time local attorney and father of two had been following the fallout from the Libor scandal, a brazen financial scam that saw...Santa Fe will have task force to explore public bank idea
SANTA FE — The city of Santa Fe is forming a task force to further explore the idea of creating a public bank. On Wednesday, the City Council unanimously approved a resolution that would create a nine-member task force appointed by the mayor and approved by the...How a California Public Bank could fix the freeways, send kids to college and ambush Wall Street
The new Bay Bridge rises as the old one is dismantled in San Francisco Bay on September 24, 2014. The $6.4 billion bridge will ultimately cost taxpayers more than $13 billion after paying off the debt to private financial institutions. (Bob Chamberlin / Los Angeles...City looks to give community banks, credit unions slice of its business
While the city of Santa Fe encourages people to shop and invest locally, the largest chunk of taxpayer money held in city accounts is deposited at Wells Fargo, part of a big Wall Street bank that has been under scrutiny for fraudulent account practices. Wells Fargo...A Bank Even a Socialist Could Love
“Money is a utility that belongs to all of us,” says Walt McRee. McRee is a velvety-voiced former broadcaster now plotting an audacious challenge to the financial system. He’s leading a monthly conference call as chair of the Public Banking Institute (PBI), an...
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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