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In the News
Public Banking: A Way Up and Out During Economic Hardship
By MK Mendoza, KSFR | Nov 12, 2020 Wake Up Call’s MK Mendoza speaks with two leading representatives from the non-profit Alliance for Local Economic Prosperity about how public banking statewide could literally turn things around for New Mexico as we find our way out...
The Benefits of Forming a NM Public Bank
The Benefits of Forming a NM Public Bank
By Retake Our Democracy | June 23, 2020
AFLEP is joined by Ellen Brown, Chair of the Public Banking Institute, and Paul Stull, President and CEO of the Credit Union Association of New Mexico for this panel discussion about the potential benefits of a New Mexico state public bank. Panel facilitated by Retake Our Democracy.
VIDEO The Benefits of Forming a NM Public Bank
VIDEO Four Ways To Strengthen Your State and City Finances
VIDEO New push for state public bank in 2021 legislative session video
Intro to public banking video
Reclaiming Public Development Banks to Finance a Sustainable & Equitable Recovery Post COVID-19
By Thomas Marois and Maria Jose Romero, In Depth News – Public development banks – and here we are talking about multilateral institutions, but also often overlooked national banks like Germany’s KfW, India’s NABARD, Colombia’s Findeter, and the Development Bank of Southern Africa – are in a unique and powerful position to play a major role in tackling the crises arising in today’s world.
How The US Could Achieve 100% Financial Inclusion Through Local Public Banking
By Nik MIlanovic, Forbes – Banking in the United States has become – like many other critical services – stratified along class lines. Consumers with more assets and higher spending are rewarded for being customers with benefits like high APYs and robust credit card points. Poor consumers, meanwhile, are taxed for using financial services through fees and high APRs. It is time for regional municipalities to create public, state-owned local banks focused on driving 100% financial inclusion.
Rashida Tlaib and AOC have a proposal for a fairer, greener financial system — public banking
By Emily Stewart, Vox – Proposed by Rashida Tlaib and Alexandria Ocasio-Cortez, the Public Banking Act wouldn’t create public banks by itself, but would foster the creation of public banks across the country by providing them a pathway to getting started, establishing an infrastructure for liquidity and credit facilities for them via the Federal Reserve, and setting up federal guidelines for them to be regulated.
Buying Local, Expanding Agriculture
By Katherine Lewin, Santa Fe Reporter – The COVID-19 pandemic’s economic devastation has exacerbated another lingering problem in New Mexico: food insecurity. In a bid to alleviate New Mexicans’ worsening battle with hunger on a county level, the Santa Fe County Commission passed a resolution Tuesday to implement a new plan for improving access to local and regional produce and meat.
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Episode: Everyone deserves a public bank
“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