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Small Banks Save Small Businesses, So Why Aren’t There More Small Banks?
Photo by Phil Trease / CC BY-NC 2.0 By Oscar Perry Abello, Next City| May 12, 2020 To bolster the local economy and support small businesses, we need institutions that support small banks. Local economy advocate Stacy Mitchell saw reports about how the...
Small Banks ‘Punched Above Their Weight’ for Paycheck Protection Program
Photo by Pictures of Money / CC BY 2.0 By Next City| May 8, 2020 Community banks become heroes of the pandemic as small business loans are approved quickly and without discrimination. Banks with less than $1 billion in assets hold just 6 percent of all the money in...
Sen. Gillibrand proposes new legislation to help U.S. Postal Service
Photo courtesy of the U.S. Postal Service via Wikipedia Commons By Lara Morales, The Legislative Gazette | May 6, 2020 The Postal Banking Act gains new relevancy amid the COVID-19 crisis. Postal banking would provide essential banking services to low-income and...
Small Businesses Were at a Breaking Point. Small Banks Came to the Rescue.
Photo: Beaver’s Cafe in Minto, ND. (By Eric Hylden/Grand Forks Herald) By Peter Rudegeair, Orla McCaffrey and Liz Hoffman, The Washington Post | May 4, 2020 Where big banks are favoring certain customers for PPP loans and delaying loan-taking processes...
Current Economic Policies Have Capitalism on Life Support: Effective Actions to Rescue It
Photo: Franklin Delano Roosevelt signing the Tennessee Valley Authority Act, part of the New Deal. By Mohamad Shaaf, CounterPunch | May 1, 2020 I. Evolution of Current Economic Depression and Ineffective Policy Responses The current economic depression was...
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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