Press Room & Media
In the News
A Public Bank
How can the city of Santa Fe continue to do business with Wells Fargo after it’s now been exposed as a criminal organization? If this latest outrage by yet another big bank isn’t enough proof of a need for a city-owned public bank, what is? The state of North Dakota has had a public bank […]
Attorney general leads criminal probe of Wells Fargo bank
SACRAMENTO, Calif. (AP) — California’s attorney general is conducting a criminal investigation into whether employees at San Francisco-based Wells Fargo bank stole customers’ identities in the sales practices scandal that rocked the bank and cost its CEO his job, documents released Wednesday show.
Better Local
The recent shenanigans at Wells Fargo Bank add yet more ballast to the proposal to create a city-owned public bank in Santa Fe. We as city citizens and taxpayers are in effect underwriting Wells Fargo’s crooked dealings, because the city of Santa Fe banks with Wells Fargo. We have an alternative within reach — let’s […]
California Imposes Sweeping Sanctions On Wells Fargo Amid Scandal
California’s state treasurer has announced he is suspending major parts of the state’s business relationship with Wells Fargo because of a scandal involving unauthorized customer accounts.
Bridging The Divide
What I like best about living in Santa Fe is the favorite waitstaff at local restaurants welcoming my dog by name (Bear); familiar faces everywhere, friendly smiles (in congested Cerrillos Road traffic, even); and giving back to the community that holds me here. To this end, I am a strong proponent of public banking. Imagine […]
Wells Fargo executives forfeit millions and CEO to forgo salary amid inquiry
Wells Fargo executives will forfeit millions of dollars in the wake of revelations that the bank’s sales quotas led to the creation of more than 2m unauthorized accounts.
Remembering Craig Barnes
Renowned author Terry Tempest Williams once said about Wallace Stegner that he was “a man who offers us his hunger for justice and his love of possibility.” This quote is an apt description also of the late Craig Barnes, whose last fight for justice and possibility was founding the organization WeArePeopleHere and its local initiative […]
Bridge Payment
I read with interest that the new bridge on DeFouri Street has finally been approved (“City may award contract soon to replace old DeFouri Street bridge,” Sept. 2). If the town had a public bank, as has been proposed, the cost could be between 30 percent and 50 percent less than if the town were […]
Banking On It
Thank you, city councilors, for taking a concrete step toward the creation of a public bank here in Santa Fe. In October, Councilor Renee Villarreal introduced a resolution (co-sponsored by Councilors Joseph Maestas and Carmichael Dominguez) calling for the convening of a task force to lay out the steps required to make public banking in […]
PHIL MURPHY MAKES STATE BANK CENTERPIECE OF GUBERNATORIAL CAMPAIGN
Former Goldman Sachs executive also called for a higher minimum wage, tax breaks for those with lower incomes, and efforts to encourage high-tech.
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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