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In the News
Oakland public bank organizers look to fund renewable energy
By Ali Tadayon | East Bay Times | October 6, 2017 OAKLAND — Advocates for a public bank in Oakland are looking to Germany for inspiration, as that country’s public banks fund a large portion of the renewable energydevelopment. During a community forum hosted Sept. 25 by Friends of the Public Bank of Oakland, German […]
Public banking — an idea whose time has come
By Rachel Stofocik and Mark Paris | 9-24-17 | New Mexican Berl Brechner (“Is public banking sound policy for city?,” My View, Sept. 17), is concerned that public banking may be too “complex” in a city “where auditors routinely find flaws.” Brechner and your readers might be interested to know that, according to the “City […]
Is there a public bank solution for Santa Fe?
by George Gamble | September 23, 2017 Is public banking sound policy for Santa Fe? Berl Brechner (“Is public banking sound policy for city?,” My View, Sept. 17), raises an appropriate question, but he appears to be critical of the systematic educational and investigative efforts that the city has been following to answer that question. […]
Wells Fargo’s estimate for unauthorized accounts jumps 67%, to 3.5 million
Sen. Elizabeth Warren (D-Mass.) renewed her call for the Federal Reserve to oust more members of Wells Fargo’s board over the still-growing scandal. And Rep. Maxine Waters (D-Los Angeles), the ranking Democratic member of the House Financial Services Committee, said in a statement that the bank should be broken up.
Mayor, council reluctantly keep Wells Fargo as city’s bank
Councilors, both for and against the measure, expressed trepidation over the extension through 2021, saying the banking giant’s financial support of the Dakota Access Pipeline and fraudulent retail account-creation practices suggested a corporate culture that does not align with the community’s values.
In Texas, drowning in debt
The alternative is the one used by Lincoln in the Civil War, to bypass the banksters and their high interest. The Treasury can issue the money directly, as “U.S. Treasury Notes,” and avoid the interest paid to the banksters. Cut out the middleman.
Goliath, not a David, likely wins Santa Fe banking contest
It’s a tough call for elected representatives to go against political beliefs that they and many of their constituents have expressed and strongly hold to. But the city staffers’ strongly non-political evaluation report is hard to argue with.
Housing, battling racism and a municipal bank top agenda for L.A. council president
Los Angeles should explore whether to create a municipal bank that would finance affordable housing and throw its doors open to the cannabis industry, City Council President Herb Wesson said Tuesday.
Phil Murphy opens on Broadway
“Look down Broadway. You don’t see Apple, you don’t see General Motors. These are small businesses, and they need leadership from the state.” – Phil Murphy
Public Banking Task Force nominees confirmed
The seven-member task force is charged with determining the necessary procedures, timelines and requirements to establish a chartered public bank.
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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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