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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....
How Public Banks Can Solve the Covid-19 Economic Crisis
By North Denver News | June 5, 2020 Public banks, banks owned by the public, have been shown to respond more rapidly, effectively and equitably to crises than privately-owned banks. Colorado Leaders and Legislators were invited to learn how at an informative...
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...
Mora County Growers’ Co-Op Fills Void
Local produce for sale at the Los De Mora Local Growers’ Cooperative in Mora, NM, photo courtesy Facebook By Molly Boyle, Albuquerque Journal | June 1, 2020 A state-chartered public bank could support the growth and development of local business and...
Public Banks’ Support to Households and Firms
Image by mohamed Hassan from Pixabay By Paulo Medas and Elif Ture, International Monetary Fund, Fiscal Affairs| April 6, 2020 Given the extraordinary circumstances of the Covid-19 pandemic, public banks—if financially sound and sufficiently well-resourced—can...
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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