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Why Public Banks Outperform Private Banks
By Ellen Brown, Web of Debt, Posted on Feb 12, 2015 In November 2014, the Wall Street Journal reported that the Bank of North Dakota (BND), the nation’s only state-owned bank, “is more profitable than Goldman Sachs Group Inc., has a better credit rating than J.P. Morgan Chase & Co. and hasn’t seen profit growth […]
Banking on the Environment
Banking on the Environment A growing movement in Boulder sees public banking as the answer to a greener future By Caitlin Rockett Boulder Weekly, Thursday, February 5, 2015 Banking might not seem like the answer to a healthier environment, but there’s a growing movement in Boulder that believes public banking could fund environmental projects […]
Banking on Colorado: Bringing Our Money Home Conference Videos
Supported by a grant from the Denver Foundation, Be the Change — USA, along with the Rocky Mountain Employee Ownership Center and the Public Banking Institute, hosted a conference in Denver in 2015, Banking on Colorado: Bringing Our Money Home. Videos here are from the entire event. Introductory Address – Nomi Prins: Wall Street and […]
The Old Economy wins a round: Public banking loses in Vermont
By Mike Krauss Bucks County Courier Times, February 9, 2015 Across the nation, in Pennsylvania and more than two dozen state legislatures and city councils, a well organized effort is underway to create a new tool to insure sound municipal finances and economic development: public banks, to take hundreds of millions of taxpayer funds out […]
City Council OKs $50K contract for study on public bank
Posted: Wednesday, January 28, 2015 10:30 pm | Updated: 10:56 pm, Wed Jan 28, 2015. By Daniel J. Chacón The New Mexican | The City Council approved a $50,000 contract Wednesday with a local firm that will investigate the business, financial and economic feasibility of a public bank in Santa Fe. The council voted 5-2 […]
Progress Toward a Public Bank in Santa Fe Continues — The Scope of Work for the Feasibility Study Released
The Scope of Work for the City of Santa Fe public banking Feasibility Study was released January 16, 2015. Thanks to City Staff for keeping our project moving forward so quickly. Here’s the schedule to make it official and it’s moving fast. Tuesday, January 20 at 5pm, the City Finance Committee will review it. Wednesday, […]
Public Funds Are SAFER in Public Banks
The Federal Government used the Public’s funds to BAIL-OUT the Too Big To Fail Banks (TBTF)* from their derivatives-caused gambling crash of 2008. In only 6 years, the TBTF banks have grown by 37% using the same unrepentant, risky investments that caused that crash and subsequent bail-out in the first place. The financial consequences to […]
A City of Santa Fe Public Bank is Better than a Revolving Loan Fund
ABOUT A CITY OF SANTA FE REVOLVING LOAN FUND The public’s funds not needed in the short term might be loaned to benefit the public good. As the borrower pays back the City they also pay interest. The interest paid over time will increase the loan fund. A revolving loan fund can partner with other […]
NYTimes OpEds: Room for Debate – Should States Operate Public Banks?
While many of us understand the importance and benefit of public banks for stimulating local economies, there are many who have the opposite point-of-view and can present arguments that are reasonable, given their set of assumptions. It is important that we understand these arguments and can respond to them. The link below is to a […]
Seattle Forum on Public Banking
Seattle Forum on Public Banking
The city council of the City of Seattle held a public meeting, Public Forum: The Possibility for a Public Bank in Seattle to discuss, with experts in the field, the possibility of establishing a public bank. This “Public Banking 101” presentation is by Gwendolyn Hallsmith, past Executive Director of the Public Banking Institute.
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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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