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Small Business Rescue Earned Banks $10 Billion In Fees
Photo: Bank of America tower in New York City, NY. By David Phan, Flickr. By Morning Edition, National Public Radio| Apr 22, 2020 Banks handling the government’s $349 billion loan program for small businesses made more than $10 billion in fees — even as...
New Start-Ups Face Tough Times
Photo: Engineers for 3D Glass Solutions work in a clean room in 2018. The company, which manufactures semiconductor chips, secured $12 million in capital last year. (Roberto E. Rosales, Albuquerque Journal) By Kevin Robinson-Avila, Albuquerque Journal | April 27 2020...
Financing Needs Persist as Crisis Drags On
Photo: Small businesses on Albuquerque’s Central Avenue. Photo by Ken Lund. By Pilar Martinez, Albuquerque Journal | April 27, 2020 Weekends. Nights. Eighteen-hour work days. These, believe it or not, have become the new “bankers’ hours” amid...
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...
Missing so far from the prescription for a coronavirus economic recovery: public banks
Photo: First lady Eleanor Roosevelt talking in June 1936 with the superintendent of a waterfront park project in Des Moines, Iowa, sponsored by the Works Progress Administration. Courtesy FDR Presidential Library & Museum. By Timothy Knowles and Ameya Pawar,...
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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