Press Room & Media
In the News
Local Economic Prosperity for New Mexico with Public Banking
AFLEP team members Bob Mang and Elaine Sullivan speak at Journey Santa Fe – February 24, 2019 Listen to the Podcast
A Public Bank for Public Good – The Laura Flanders Show
A Public Bank for Public Good – The Laura Flanders Show
June 12, 2018
Public Bank NYC — Is a public bank in the financial capital of the world possible? How would that public bank help worker co-ops, students, entrepreneurs, and more? Guests from New York’s New Economy Project, Lower Eastside Peoples Federal Credit Union and Enlace discuss banking for profit to banking for people.
How Central Bankers Rigged the World with Nomi Prins – The Laura Flanders Show
How Central Bankers Rigged the World with Nomi Prins – The Laura Flanders Show
The Laura Flanders Show
June 12, 2018
Bozeman candidate advocates for public housing, government bank
By Katheryn Houghton, Bozeman Daily Chronicle – A city commission candidate who wants to create public housing and a government-owned bank said Bozeman’s prosperity has left too many people behind. Krumm said his first move to respond to Bozeman’s housing shortage would be to advocate for permanent public housing. Krumm said his first move to respond to Bozeman’s housing shortage would be to advocate for permanent public housing.
The answer to helping the unbanked exists on every Main Street: the post office
By Yasmin Gagne, Fast Company – Five reasons why postal banking needs to make a comeback in the United States. As profit-chasing banks abandon low-income and rural neighborhoods, nearly 8% of U.S. households are unbanked, and one in five people live in areas that are insufficiently served by banks, aka “underbanked,” which forces them to rely on alternative and often predatory financial services such as pawn shops, check cashing services, and payday lenders.
California Opens the Public Banking Floodgates
By Aaron Fernando, The Progressive – The California Public Banking Act was signed into law by the state’s governor, Gavin Newsom, making it explicitly legal for municipalities in California to create their own public banks and use those banks to hold and leverage public funds. The move shifts power away from profit-motivated board members of corporate banks and into the hands of the people. The question at the heart of public banking may seem technical but is actually about political power. Should small groups of wealthy corporate board members get to decide how to leverage public money so that they may further enrich themselves?
The People V Wall Street: California’s Public Banking Shake-Up
By Glenn Daigon, Who.What.Why. – For only the second time in 100 years, a people-powered coalition overcame the stiff opposition of the banking lobby to successfully pass a law that legalizes public banking. Governor Gavin Newsom signed a bill into law last month allowing California cities and towns to establish public banks. “We finally have the option of reinvesting our public tax dollars in our communities instead of rewarding Wall Street’s bad behavior,” said AB 857 sponsor and California Assembly member David Chiu.
How a brief socialist takeover in North Dakota gave residents a public bank
By Will Peischel, The Highlight by VOX The policy: public banks Where: North Dakota In place since: 1919 The problem: There’s a legislative fight brewing in California. Supporters are pushing a public banking law that could redefine the state’s financial...
California Just Legalized Public Banks. Will the Rest of the Nation Follow Suit?
Ananya Garg, Yes! Magazine – The Standing Rock movement in 2016 brought together Indigenous activists from across the nation to fight against the Dakota Access Pipeline. One of the demands of this movement included divestment from Wells Fargo, a bank that was funding development of the pipeline. This brought into the spotlight one of the biggest issues concerning economic justice in the United States: big banks.
California just legalized public banking, setting the stage for more affordable housing
By Mario Koran, The Guardian – Cities and counties in California will be allowed to create their own public banks, making the state one of just two to legalize institutions of that kind. Supporters say the change sets the stage for funding infrastructure demands or providing loans to developers to help meet affordable housing needs.
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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
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