Press Room & Media
In the News
Leaning In
Banking on New Mexico has worked long and hard championing a Public Bank of Santa Fe. Several years ago, this dedicated nonprofit convinced the City Council to invest in a public bank feasibility study. That study affirmed that it could be done and would be of great financial benefit to Santa Fe. A task force […]
Finding Economic Justice
Recently, Santa Fe community leaders (Mayor Javier Gonzales, Rabbi Neil Amswych, Sensei Joshin Byrnes, Councilor Renee Villarreal, Elaine Sullivan of Banking on New Mexico) spoke on “Economic Justice in Santa Fe” and reminded us to become active participants. The presentation might have been titled “Community: How to use money to build and maintain it.” We […]
What a State-Owned Bank Can Do for New Jersey
Phil Murphy, the leading Democratic candidate for governor of New Jersey, has made a state-owned bank a centerpiece of his campaign. He says the New Jersey bank would “take money out of Wall Street and put it to work for New Jersey – creating jobs and growing the economy [by] using state deposits to finance local investments … and … support billions of dollars of critical investments in infrastructure, small businesses, and student loans – saving our residents money and returning all profits to the taxpayers.”
The Savings And Stability Of Public Banking
There needs to be much more education of state legislators and the public at large.
Fed’s Kashkari to Jamie Dimon: It’s ‘nothing personal’ — big banks need to double their safety nets
• Minneapolis Fed President Neel Kashkari warns that big banks need “about twice as much” capital to address “too big to fail.”
• Kashkari disputes JPMorgan chief Jamie Dimon’s contention that “too big to fail” fears have been eradicated.
• Kashkari says he’d accept a little less lending from the big banks because “benefits outweigh the costs.”
Public Banking for Santa Fe: An Interfaith Forum
We’re looking at the latest push for a public bank for the City of Santa Fe … Last Wednesday City Councilor Renee Villarreal re-introduced a proposal to create a task force to determine what it would look like to launch a public bank. The following evening the advocacy group Banking on New Mexico hosted an interfaith dialogue about public banking and economic justice.
The People’s Bank
How did deep-red North Dakota end up with the nation’s most populist financial institution?
When the financial crisis struck in 2008, nearly every state legislature was left contending with massive revenue shortfalls. Every state legislature, that is, except North Dakota’s. In 2009, while other states were slashing budgets, North Dakota enjoyed its largest surplus. All through the Great Recession, as credit dried up and middle-class Americans lost their homes, the conservative, rural state chugged along with a low foreclosure rate and abundant credit for entrepreneurs looking for loans.
Donald Trump Wants to Gut Protections for Bank Customers. Here’s How to Fight Back.
With Wall Street as greedy as it ever was, and the Trump administration seeking to ditch banking restrictions enacted in 2008 to protect the little people, a handful of cities are considering a do-it-yourself alternative: Public banking is just what it sounds like—financial institutions owned and operated by a government entity. Officials in Philadelphia and Oakland, California, are taking a hard look at the idea, and Santa Fe, New Mexico, has done a feasibility study that concluded a city-run bank would benefit the community, socially and economically. If done right, the report found, the bank would create a “robust local lending climate” and bring in millions of dollars per year in revenue.
Cities and States Prefer Public Banks to Wall Street
Alarmed by the corruption and greed of Wall Street, many US cities and states are studying the feasibility of establishing public banks.
It’s Our Money: Can History Please Not Repeat Itself?
Ellen’s guest Jim Hogue, an author, broadcaster and historian, recounts how the struggle for control of finance rocked the early American colonies and precipitated a permanent war footing enabled by big finance.
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
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