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Banking on the Public
A New Mexico advocacy group wants to let the people decide what happens with their money Santa Fe Reporter, Will Costello In late 2016, Wells Fargo, the consumer lending behemoth of Wall Street, attracted the eyes of the Consumer Financial Protection Bureau, the...
Bank of North Dakota celebrates 100 years
By Bonnie Melbers, Dec. 8, 2018, Grand Forks Herald The Bank of North Dakota turns 100 years old next year, but it’s just as important today as when it was founded in 1919, the bank’s executives said. It is the only active state-owned bank in the country. In recent years, however, there has been interest in […]
The Bank of North Dakota — Its History and Operation
The Bank of North Dakota — Its History and Operation
North Dakota has a public bank – a bank that has been owned and operated by the people of North Dakota since 1919. Because of the Bank of North Dakota, the state weathered the crisis of 2008 far better than most. North Dakota has not had a single local bank failure in more than 20 years. This documentary, produced by Prairie Public Broadcasting, presents the bank’s history, its current operation, and how it benefits the state.
San Francisco Public Bank PSA
San Francisco Public Bank PSA
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Standing Rock’s Surprising Legacy: A Push for Public Banks
Jan. 2, 2019, Deonna Anderson, Yes! magazine The effort to divest from Wall Street—and stop environment-killing projects gained momentum after the historic pipeline protest. Here’s what a city needs, and could gain, from municipal banking. In February 2017, Seattle became the first city to pass legislation to divest from a financial institution because of its […]
On Contact: The History of Debt Forgiveness
Vote your values with your dollars: Support an SF public bank
By Zac Townsend | San Francisco Chronicle OPINION, May 7, 2018, 6:00pm We should organize San Francisco to prioritize supporting local financial institutions over big banks — some of the least ethical corporations in the United States. Almost every dollar the city of San Francisco has is stored on the balance sheet of a big […]
No public bank for Santa Fe
By Journal North Editorial Board Friday, May 11, 2018 | 12:02am Santa Fe gave the idea of establishing a public bank a shot. But a task force set up by City Hall has determined that startup costs, and “daunting legal and regulatory obstacles” would be too much to overcome. “If limited to the city of Santa […]
Santa Fe task force: Try for state public bank, not a city one
By T. S. Last / Journal Staff Writer Wednesday, May 9th, 2018 at 9:40pm SANTA FE, N.M. — Santa Fe is not ready for a public bank, but the city should work with the Legislature and state officials to look into creating a public bank at the state level that Santa Fe and other cities […]
What’s driving the push for more public banks?
March 25, 2018 – American Banker, Laura Alix Call it Bank of North Dakota envy. Whenever they are frustrated with the services provided by traditional banks — or lack thereof — public officials will float the idea of creating a government-owned bank that, similar to Bank of North Dakota, would accept deposits from local governments […]
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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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