by Anthony Colombo | Apr 20, 2017 | Commercial Banking, National, News, Public Bank, Public Banking, Santa Fe
While the city of Santa Fe encourages people to shop and invest locally, the largest chunk of taxpayer money held in city accounts is deposited at Wells Fargo, part of a big Wall Street bank that has been under scrutiny for fraudulent account practices. Wells Fargo...
by Anthony Colombo | Apr 18, 2017 | Local Economies, National, News, Public Bank, Public Banking
“Money is a utility that belongs to all of us,” says Walt McRee. McRee is a velvety-voiced former broadcaster now plotting an audacious challenge to the financial system. He’s leading a monthly conference call as chair of the Public Banking Institute (PBI), an...
by Anthony Colombo | Apr 12, 2017 | National, New Jersey, News, Public Bank, Public Banking
Phil Murphy, the leading Democratic candidate for governor of New Jersey, has made a state-owned bank a centerpiece of his campaign. He says the New Jersey bank would “take money out of Wall Street and put it to work for New Jersey – creating jobs and growing the...
by Anthony Colombo | Apr 12, 2017 | National, News, Public Bank, Public Banking
As a society obsessed by money, we pay a gigantic price for not educating high school and college students about money and banking. The ways of the giant global banks – both commercial and investment operations – are as mysterious as they are damaging to the people....
by Anthony Colombo | Apr 8, 2017 | National, News, Public Bank, Public Banking, Santa Fe
Elaine Sullivan of Banking on New Mexico speaks to a sanctuary full of Santa Feans at an interfaith forum on public banking, March 30, 2017. By HANNAH COLTON • KSFR.org | APR 4, 2017 We’re looking at the latest push for a public bank for the City of Santa Fe …...
by Anthony Colombo | Apr 1, 2017 | National, News, Public Bank
How did deep-red North Dakota end up with the nation’s most populist financial institution? When the financial crisis struck in 2008, nearly every state legislature was left contending with massive revenue shortfalls. Every state legislature, that is, except North...