Press Room & Media
In the News
Mayor makes picks for Public Banking Task Force
The task force will help determine requirements to establish a public bank. The nine-member panel must complete its work within six months of its first meeting, possibly making the idea of a public bank a major campaign issue in next spring’s mayoral election.
What if People Owned the Banks, Instead of Wall Street?
From Seattle to Santa Fe, cities are at the center of a movement to create publicly owned banks.
Unanimously Approved
Good for our City Council. Members have unanimously supported a task force to develop a public bank. Why should we keep paying interest into the great maw of Wall Street when we can pay interest to ourselves and use the money to help our community? Thanks to the late Craig Barnes and his group We […]
Three Excellent Reasons
I support a public bank for Santa Fe, and so should you. Knowing where your tax dollars go to work in our city (transparency), turning the debt burden that we now pay to Wells Fargo into dollars for use in public work projects (leverage), and developing a boundary between city government and management of the […]
Santa Fe will have task force to explore public bank idea
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 governing body within the next 60 days. The panel will report back to the council after six months with its findings so the council can “make an informed decision about submitting an application for a New Mexico Bank Charter for a Public Bank of Santa Fe.”
How a California Public Bank could fix the freeways, send kids to college and ambush Wall Street
“The need to rebuild the nation’s infrastructure might provide an opportunity to overcome big bank opposition to public banking.”
Coaxing Councilors
City Councilor Renee Villarreal has introduced a substitute resolution developed by Banking On New Mexico, the Brass Tacks Team, city councilors and city staff calling for the creation of a task force to help establish a public banking task force. The task force will provide needed information about questions not addressed in the 2015 feasibility […]
City looks to give community banks, credit unions slice of its business
The city’s banking agreement with Wells Fargo ends Dec. 31, and the request issued by the city Finance Department allows for a menu of banking and finance services, with the smaller chunks aimed at attracting a more diverse group of providers.
A Bank Even a Socialist Could Love
“We have Tea Partiers and Occupiers in the same room liking public banking. What does that tell you?”
Addressing Inequalities
Many thanks to Councilor Renee Villarreal for her vision and persistence in pursuing the investigation of a public bank for Santa Fe. Thanks also to Councilors Joseph Maestas, Carmichael Dominguez, Signe Lindell and Peter Ives for co-sponsoring the resolution to create a task force to map out the steps required for the public bank. As […]
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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