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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...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...Public Banking for Santa Fe: An Interfaith Forum
Elaine Sullivan of Banking on New Mexico speaks to a sanctuary full of Santa Feans at an interfaith forum on public banking, March 30, 2017. By HANNAH COLTON • KSFR.org | APR 4, 2017 We’re looking at the latest push for a public bank for the City of Santa Fe …...Cities and States Prefer Public Banks to Wall Street
Alarmed by the corruption and greed of Wall Street, many US cities and states are studying the feasibility of establishing public banks. By John Lawrence, San Diego Free Press Public banks are owned by cities, states or other jurisdictions and serve to keep funds...Cash Withdrawal
Come the fall, the city government could sever ties with a bank that’s helping to fund the Dakota Access Pipeline. Santa Fe in 2013 approved a four-year contract with Wells Fargo, agreeing to pay the bank about $449,000 over the period for fiscal agent services. But...
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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