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Small Businesses Were at a Breaking Point. Small Banks Came to the Rescue.
Photo: Beaver’s Cafe in Minto, ND. (By Eric Hylden/Grand Forks Herald) By Peter Rudegeair, Orla McCaffrey and Liz Hoffman, The Washington Post | May 4, 2020 Where big banks are favoring certain customers for PPP loans and delaying loan-taking processes...
Current Economic Policies Have Capitalism on Life Support: Effective Actions to Rescue It
Photo: Franklin Delano Roosevelt signing the Tennessee Valley Authority Act, part of the New Deal. By Mohamad Shaaf, CounterPunch | May 1, 2020 I. Evolution of Current Economic Depression and Ineffective Policy Responses The current economic depression was...
Crushing the States, Saving the Banks: The Fed’s Generous New Rules
The Fed’s relaxed liquidity rules have made it easier for state and local governments to set up their own publicly-owned banks. (Photo: Phillipp/cc/flickr) By Ellen Brown, Common Dreams | May 3, 2020 New terms could be harnessed for local governments to own...
Opinion: Recovering from Covid-19 With Public Banking
Photo: Oakland bank vault (Courtesy Wikipedia) By Rick Girling, Post News Group | April 30, 2020 The response to COVID-19 has laid bare, once again, the glaring economic inequalities we live with every day. An essential new institution is public banking — new...
Report: Fewer Small Businesses are Receiving Federal Relief Loans in States Dominated by Big Banks
Photo: Sixth Street, Austin, Texas. (Photo courtesy Institute for Local Self-Reliance) By Stacy Mitchell, Institute for Local Self-Reliance | April 29, 2020 A significantly larger number of federal relief loans are reaching small businesses in states where...
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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