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Trump Regulators Just Rolled Back a Major Obama-Era Bank Reform
Photo by Roberto Júnior on Unsplash By Hannah Levintova, Mother Jones | June 25, 2020 This is why we need to keep New Mexico’s revenue in New Mexico. On Thursday, five federal regulatory agencies voted to roll back a key financial rule enacted...
The pandemic made the racial wealth gap worse: These 8 policies could fix it
Image by Jeff Balbalosa from Pixabay By Kristin Toussaint, Fast Company | June 19, 2020 A state-chartered public bank could provide financial support for many of the policies mentioned here. From postal banking to Medicare for All to baby bonds, this series of...
Let’s not cling to the familiar. Let’s do better and create green jobs
Image: November 2019, NJ Gov. Phil Murphy holds a news conference to announce an executive order creating a board to develop an implementation plan for a public bank. (Governor’s Office, via Twitter) By Ed Potosnak, The Star-Ledger | June 16, 2020 New...
Is Meaningful Change Beginning to Unfold?
Image: Caprock wind farm, courtesy www.theblondecoyote.com By Paul Gibson, Retake Our Democracy | June 16, 2020 Today we look at what public banking could do for NM. For those who think this is unrealistic, we provide some powerful evidence that things are starting to...
Public Banking in NM: A Critical Tool for a Just Economic Recovery
Image courtesy occupy.com By Paul Gibson, Retake Our Democracy | June 13 2020 Like the gas & oil industry, the banking industry was teetering on the verge of collapse well before COVID-19. Many feel a recession worse than 2008 lies ahead. A public bank could...
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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