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California Just Legalized Public Banks. Will the Rest of the Nation Follow Suit?
The new law promises to take taxpayer money back from Wall Street and reinvest it in communities. By Ananya Garg, Yes! Magazine / Oct 3, 2019 The Standing Rock movement in 2016 brought together Indigenous activists from across the nation to fight against the...
Wall Street Beware: The Public Banking Movement Is Coming for You
(above) Members of the San Francisco Public Bank Coalition rally at San Francisco City Hall to demand the creation of a public bank. photo by: Kurtis Wu It may not come as a surprise to hear that the majority of Americans don’t trust the banking system in this...
Monetary policy takes center stage: MMT, QE or public banks?
A network of public banks including a central bank operated as a public utility could similarly fund a U.S. Green New Deal – without raising taxes, driving up the federal debt, or inflating prices. Nation of Change; Ellen Brown / OpEd As alarm bells sound over...
Banking on the Public
A New Mexico advocacy group wants to let the people decide what happens with their money Santa Fe Reporter, Will Costello In late 2016, Wells Fargo, the consumer lending behemoth of Wall Street, attracted the eyes of the Consumer Financial Protection Bureau, the...
Standing Rock’s Surprising Legacy: A Push for Public Banks
Jan. 2, 2019, Deonna Anderson, Yes! magazine The effort to divest from Wall Street—and stop environment-killing projects gained momentum after the historic pipeline protest. Here’s what a city needs, and could gain, from municipal banking. In February 2017, Seattle...
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Episode: Everyone deserves a public bank
Join those who’ve endorsed a Public Bank for New Mexico
“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