Press Room & Media
In the News
Kashkari’s Plan to End TBTF Comes at High Price
Minneapolis Federal Reserve Bank President Neel Kashkari outlined a dramatic proposal that he says will all but eliminate the risk of another financial crisis, albeit at a cost that is nearly quadruple that of the current post-crisis regulatory framework.
Three Federal Studies Show Fed’s Stress Tests of Big Banks Are Just a Placebo
The only thing standing between the American people and another apocalyptic financial collapse among by the biggest banks on Wall Street is the Federal Reserve’s stress tests and capital requirements. After Wall Street laid waste to the U.S. housing market and economy from 2008 through 2010, while propping itself back up with a feeding tube from the taxpayers’ pocketbook, the Obama administration passed the Dodd-Frank financial reform legislation in 2010.
Future Banking
Councilor Renee Villarreal, supported by Councilors Carmichael Dominguez and Joseph Maestas, has introduced a resolution to take the next steps toward establishing a public bank for Santa Fe. The process began in October 2014 and has now culminated in a feasibility study that found in favor of implementing a public bank that would hold the […]
Public bank idea returns for more discussion
SANTA FE, N.M. — Creating a public bank in Santa Fe – an outside-the-box idea that has been kicking around since Mayor Javier Gonzales first raised it during his election campaign in 2014 – is coming back for a new round of public discussion.
Serving Safely
Hats off to John Chiang, California state treasurer, who is taking his responsibility to the people of his state seriously. In a letter to Wells Fargo, withdrawing all California funds, Chiang asked, “How can I continue to entrust the public’s money to an organization which has shown so little regard for the legions of Californians […]
Support Public Bank
Santa Fe’s effort to establish a publicly owned city bank is in line with other moves around the country. In New Jersey, Phil Murphy, the front-runner in next year’s gubernatorial contest, pledged in September to create a state-owned Bank of New Jersey as a cornerstone of his economic policies. Murphy anticipates that the state bank […]
North Dakota’s Public Bank Is Funding Police Repression at Standing Rock
For those of us in the public banking movement, used to holding up the Bank of North Dakota (the nation’s only public bank) as an example of how promising public banks are, the recent news that Dalrymple and an emergency spending panel voted to add $4 million in additional credit onto a $10 million line from BND, to fund law enforcement expenses at Standing Rock, is troubling.
Support A Public Bank
With corporate greed and corruption at an all-time high — the recent Wells Fargo scandal just one more example — public banking is our best long-term solution. It would save the city of Santa Fe millions of dollars in interest, and our funds would stay in our community to benefit the local economy instead of […]
I Am So Proud
I am so proud to be a citizen of Santa Fe, and on the cutting edge of a new movement — to harness the mighty power of finance to benefit all of our citizens, instead of padding Wall Street’s bottom line. An independent study has concluded that a publicly owned city bank could reduce the […]
PROFILE: THE WOMAN LAYING THE GROUNDWORK FOR A PUBLIC BANK IN NEW JERSEY
Joan Bartl believes taxpayer-owned financial institution would be ‘logical and practical’ because of the state’s ‘significant fiscal problems’
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