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Philadelphia City Council OKs creation of nation’s first municipal bank
Philadelphia Business Journal, by Ryan Sharrow, Editor in Chief, March 3, 2022 (photo by Laura Smythe / Philadelphia Business Journal) City Council voted on Thursday to create the Philadelphia Public Financial Authority, a move that positions the city to launch the...
Bank of Washington? States consider opening government banks
The Seattle Times, By Elaine S. Povich | stateline.org December 19, 2021 Unlike commercial banks, the mission of public banks would be to invest in public priorities such as affordable housing, small business loans or infrastructure projects. Most could offer...
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...
Ellen Brown: The Real Antidote to Inflation
Image by Images Money / CC BY 2.0 By Ellen Brown / CounterPunch | December 28, 2021 The Fed has options for countering the record inflation the U.S. is facing that are far more productive and less risky than raising interest rates. The Federal Reserve is caught...
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...
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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