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To Provide Public Alternative to ‘Predatory’ Wall Street Banks, Sanders and Gillibrand Unveil Postal Banking Act
Photo: Rural NM post office, by Joanna Poe (CC BY-SA 2.0) By Jake Johnson, Common Dreams | September 17, 2020 Postal banking would offer fair, affordable and highly available public banking options for private citizens. “No one in America should...
The U.S. Needs Banking-As-A-Public-Service
Photo: Federal Reserve Building, Washington DC (Rafael Saldaña/ CC BY 2.0) By Nik Milanovic, Forbes | August 26, 2020 I recently asked a dumb question that provoked strong reactions: Why isn’t there a national, government-owned consumer bank that offers...
After the Coronavirus Pandemic, Let Public Banks Lead the Rebuilding
Photo: “First Bank of the United States,” National Park Service By Sylvia Chi and Sushil Jacob, Nonprofit Quarterly | August 18, 2020 The pandemic has laid bare the failure of the federal government to justly deal with the economic fallout wrought by a...
U.S. Chamber of Commerce warns of racial inequality for small businesses
Photo by visuals on Unsplash By Dion Rabouin, Axios | August 4, 2020 A public bank offers the potential for a more equitable economy. Attitudes and beliefs about racial inequality are changing quickly as protests and media attention have helped highlight...
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...
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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