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Banking on the Public
A New Mexico advocacy group wants to let the people decide what happens with their money Santa Fe Reporter, Will Costello In late 2016, Wells Fargo, the consumer lending behemoth of Wall Street, attracted the eyes of the Consumer Financial Protection Bureau, the...The Bank of North Dakota — Its History and Operation
North Dakota has a public bank – a bank that has been owned and operated by the people of North Dakota since 1919. Because of the Bank of North Dakota, the state weathered the crisis of 2008 far better than most. North Dakota has not had a single local bank failure in...
Standing Rock’s Surprising Legacy: A Push for Public Banks
Jan. 2, 2019, Deonna Anderson, Yes! magazine The effort to divest from Wall Street—and stop environment-killing projects gained momentum after the historic pipeline protest. Here’s what a city needs, and could gain, from municipal banking. In February 2017, Seattle...No public bank for Santa Fe
By Journal North Editorial Board Friday, May 11, 2018 | 12:02am Santa Fe gave the idea of establishing a public bank a shot. But a task force set up by City Hall has determined that startup costs, and “daunting legal and regulatory obstacles” would be too much to...Santa Fe task force: Try for state public bank, not a city one
By T. S. Last / Journal Staff Writer Wednesday, May 9th, 2018 at 9:40pm SANTA FE, N.M. — Santa Fe is not ready for a public bank, but the city should work with the Legislature and state officials to look into creating a public bank at the state level that Santa Fe and...
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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