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Beyond Wells Fargo, City of Seattle’s banking options unclear
Seattle lawmakers will take a final vote Tuesday on whether to stop banking with Wells Fargo over ethical concerns. The ordinance already received support from eight out of nine City Council members at the committee level. Under the ordinance, the city could not work...Oakland Plans for Publicly Owned Bank, Thursday, Feb. 9
Oakland residents are showing growing interest in a plan to establish a public bank, which would provide an alternative to handing millions of dollars of city money to Wall Street each year. Residents have been studying the idea and organizing support for it for a...An open letter to the city of Seattle: Dump Wells Fargo and start our own bank
On Nov. 4, Seattle City Council member Kshama Sawant proposed legislation to allow credit unions and community banks to manage the deposits of the city, deposits that are currently managed by Wells Fargo. Wells Fargo has been caught defrauding customers while giving...The homegrown promise of a Seattle public bank
PUBLIC banks have an excellent track record in helping states and cities finance infrastructure, among other public services. In his Jan. 1 guest column, Michael Waite overlooks this fact, failing to mention that North Dakota has used a state-owned bank for nearly 100...In American Towns, Private Profits From Public Works
BAYONNE, N.J. — Nicole Adamczyk’s drinking water used to slosh through a snarl of pipes dating from the Coolidge administration — a rusty, rickety symbol of the nation’s failing infrastructure. So, in 2012, this blue-collar port city cut a deal with a Wall Street...
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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