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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...
Maryland can prevent a year-long health crisis from becoming a decade-long economic crisis
Photo: Downtown Baltimore, Maryland. (Photo by Ken Lund, Flickr) By Michael Brennan, The Washington Post | April 29, 2020 Michael Brennan is chair of the Public Banks Project of the Democracy Policy Network and is part of an interstate coalition of policy...
To Keep the Economy Afloat, the Fed Turns to North Dakota
Photo: The nation’s only state-owned bank serves as a model for how the U.S. is fighting the economic damage of the pandemic. (Photo by Kaya / CC BY-NC-ND 2.0) By Oscar Perry Abello, Next City | Apr 29, 2020 Bankers generally don’t like surprises. But as CEO at...
We Need Ethical Banking In The Era Of COVID-19
Image by Credit Commerce from Pixabay By Nizan Geslevich Packin, Forbes | Apr 25, 2020 In the current environment of medical and economic uncertainty, we all find ourselves desperately seeking safety and stability. In such times of uncertainty, cash is...
Small Business Rescue Earned Banks $10 Billion In Fees
Photo: Bank of America tower in New York City, NY. By David Phan, Flickr. By Morning Edition, National Public Radio| Apr 22, 2020 Banks handling the government’s $349 billion loan program for small businesses made more than $10 billion in fees — even as...
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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