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COVID-19 exposes why the Postal Service needs to get back into the banking business
Photo by docentjoyce/CC BY 2.0 By Melanie G. Long, The Conversation | July 8, 2020 Being unbanked is costly. A state public bank could support the growth of community banks and credit unions; postal banking is another way to make banking more accessible to the...
The pandemic made the racial wealth gap worse: These 8 policies could fix it
Image by Jeff Balbalosa from Pixabay By Kristin Toussaint, Fast Company | June 19, 2020 A state-chartered public bank could provide financial support for many of the policies mentioned here. From postal banking to Medicare for All to baby bonds, this series of...
Another Bank Bailout Under Cover of a Virus
Photo: The American people are therefore entitled to share in the benefits and the profits. Banking needs to be made a public utility. (Twitter/@publicbankla) By Ellen Brown, Common Dreams | May 18, 2020 Insolvent Wall Street banks have been quietly bailed out...
Five Proposals to Reshape Banking After Coronavirus
Photo by Micheile Henderson on Unsplash By Oscar Perry Abello, Next City | May 19, 2020 COVID-19 has underscored the need for banking that is transparent and accessible, supporting local communities and projects that support economic development. Radical...
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...
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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