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 who have placed their well-being in its care?”
Keeping the public’s money safe — that’s exactly what a public bank can do. With no shareholders to pay, no golden parachutes to fund and no bank officers earning millions, a public bank will serve our city just the way the public Bank of North Dakota serves its state. BND is more profitable than Goldman Sachs and safer. Support a public bank for Santa Fe at www.BankingOnNewMexico.org
Bruce Merchant, M.D., Ph.D. – Santa Fe
