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Oakland Just Voted to Explore Public Banking
The City of Oakland, California joins a host of other communities exploring public banking. In response to long-term economic instability and disappointment with the mainstream banking system, the Oakland City Council voted Tuesday to investigate a public banking...Kashkari’s Plan to End TBTF Comes at High Price
NEW YORK — Minneapolis Federal Reserve Bank President Neel Kashkari outlined a dramatic proposal that he says will all but eliminate the risk of another financial crisis, albeit at a cost that is nearly quadruple that of the current post-crisis regulatory framework....Three Federal Studies Show Fed’s Stress Tests of Big Banks Are Just a Placebo
The only thing standing between the American people and another apocalyptic financial collapse among by the biggest banks on Wall Street is the Federal Reserve’s stress tests and capital requirements. After Wall Street laid waste to the U.S. housing market and economy...Public bank idea returns for more discussion
SANTA FE, N.M. — Creating a public bank in Santa Fe – an outside-the-box idea that has been kicking around since Mayor Javier Gonzales first raised it during his election campaign in 2014 – is coming back for a new round of public discussion. City Councilor...North Dakota’s Public Bank Is Funding Police Repression at Standing Rock
The brutal repression of indigenous and allied protesters at Standing Rock has shocked the conscience of fair-minded Americans, particularly those advocating economic and ecological reform. Although the protesters had in some cases been encroaching on “company land,”...
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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