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How a family-owned Nebraska bank became the nation’s second-biggest lender
Photo: The Union Bank & Trust branch at 27th Street and Pine Lake Road in Lincoln, Nebraska. Courtesy hustlermoneyblog.com. By Jeanne Whalen and Renae Merle, The Washington Post | Apr 22, 2020 Working from home, employees hustled to process small-business...
Missing so far from the prescription for a coronavirus economic recovery: public banks
Photo: First lady Eleanor Roosevelt talking in June 1936 with the superintendent of a waterfront park project in Des Moines, Iowa, sponsored by the Works Progress Administration. Courtesy FDR Presidential Library & Museum. By Timothy Knowles and Ameya Pawar,...
How State Officials Can Save Main Street in the Face of COVID-19: Three Urgent Actions
Photo courtesy Public Banking Institute By Public Banking Institute | Apr 22, 2020 In an open letter to state governors and treasurers, Public Banking Institute details three new funding possibilities states can tap to rescue communities from financial catastrophe and...
Public banking would help speed the economic recovery from COVID-19
Photo by Paulo Silva on Unsplash By Isaiah Poole and Rick Girling, The Hill | Apr 17, 2020 At least 90 percent of the nation’s cities are facing a budget crisis because of the economic shutdown in response to the COVID-19 pandemic, according to a...
Small Lenders Pushing Their Limits to Meet Paycheck Protection Program Loan Demand
Photo: Lower East Side People’s Federal Credit Union, by Oscar Perry Abello By Oscar Perry Abello, Next City | Apr 16, 2020 Applications officially opened on April 3 for the new Paycheck Protection Program loans guaranteed by the Small Business...
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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