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The Looming Bank Collapse
Photo by Alice Pasqual on Unsplash By Frank Partnoy, The Atlantic | June 10, 2020 A state-owned public bank could offer stabler, simpler, more conservative alternatives to the collateralized loan obligations currently offered to troubled businesses. The U.S....
For Some Minority-Owned Businesses, Their Lenders Are Now Their Defenders
Reds One and Only BBQ in Ferguson, courtesy Google Maps. By Emily Flitter, The New York Times | June 4, 2020 A Public Bank could work closely with C.D.F.I.’s to make more small business loans to people of color. Black- and Latino-owned businesses have...
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...
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...
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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