Press Room & Media
In the News
Public Banks Can Help Cities Honor Their Commitment to Give Sanctuary to Immigrants
But like Santa Fe, many sanctuary cities have strong movements for public banks, although not all have taken the steps Santa Fe’s city council has. Oakland’s city council adopted a resolutionto study public banking several weeks ago (and reaffirmed their status as a sanctuary city at the same meeting). Philadelphia’s did the same earlier this year. Public banking movements exist in San Francisco, Los Angeles, Portland (Ore.), Denver, Washington D.C., New York City, and Seattle, as well as in states like New Jersey and Vermont, which contain sanctuary cities. If implemented in those cities and states, public banks could provide a financial foundation for municipalities charting their own courses in the face of an aggressive national executive.
Let’s Do It
Bruce Krasnow’s piece (“What’s the fuss about a public bank in Santa Fe?” Dec. 11) was one of the best and clearest statements on the subject during the several years the “fuss” has been growing. Craig Barnes, a modest man, would probably be satisfied that the article did not mention his name, but the history […]
North Dakota’s Public Bank Was Built for the People—Now It’s Financing Police at Standing Rock
The nation’s only state bank was created to empower small farmers and local economies, but now it’s being used to silence indigenous people with militarized force. How did this happen?
Sawant: Cut Seattle ties with Wells Fargo over investment in Dakota Access Pipeline
Seattle City Councilmember Kshama Sawant has introduced legislation urging Mayor Ed Murray to curtail the city’s banking relationship with Wells Fargo because of the bank’s investment in the controversial Dakota Access Pipeline
What’s all the fuss about a public bank in Santa Fe?
Villarreal’s measure does not create a public bank in city government. It establishes a task force that would take public input, conduct research and present options to the City Council on what a bank’s policies and governance would look like.
Strong Defense
As the states sometimes serve as test laboratories for the nation, so Santa Fe has an opportunity to serve as a test laboratory for New Mexico, in this instance to test the potential of a public bank to serve (as stated by the Bank of North Dakota) as “an agile partner that creates financial solutions […]
Now’s The Time
Congratulations to Mayor Javier Gonzales for holding firm to the precept that Santa Fe should remain a sanctuary city. A strong majority of Santa Feans heartily agree, despite the fact this ethically based policy could trigger a roughly $6 million reduction in federal support for our city. Given this potential fiscal crunch, there now is […]
A Public Bank for Santa Fe – An Idea Whose Time Has Come!
Dear Santa Fe Councilors & Citizens: As many institutions around this country and the world, particularly commercial banks, are falling apart, Public Banking is an idea whose time has come. Santa Fe’s City Council has an opportunity to lead the way into the future by embracing this new direction and adopting the resolution recently introduced […]
A Stronger Santa Fe
Councilors Renee Villarreal, Carmichael Dominguez and Joseph Maestas are to be applauded for putting forth a resolution to form a task force to further explore the establishment of a public bank for Santa Fe. Structural changes like this can provide the critical missing leverage that helps address far-reaching and seemingly unrelated problems that defy solution […]
A Closer Look
Santa Fe has engaged in serious public bank research and discussions for two years. The pending task force resolution will provide more information. Our city’s 2011-2015 annual financial reports show it spent more than $7 million for bond issuance and fiscal agent costs and committed more than $25 million in interest to Wall Street over […]
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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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