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Rural Distress and the Concentration of Financial and Economic Power
Guadalupe County Hospital in Santa Rosa, NM. Many rural NM hospitals are struggling right now. Photo courtesy Guadalupe County Hospital website (www.gchnm.org). By Stacy Mitchell, Institute for Local Self-Reliance | April 20, 2021 Testimony before the U.S....
Sen. James Sanders’ public banking bill: How it could work in New York
Photo by farmboyted, Flickr (CC by NC-2.0) By Susan Arbetter, City of Albany | May 3, 2021 For decades, many banks in the U.S. denied mortgages to people of color based strictly on race or the neighborhood where they lived. The practice, which started in the...
Take On Wall Street With Local Banking
Image by Nattanan Kanchanaprat from Pixabay By Ben Frogel, The American Conservative | April 7, 2021 Big banks are becoming increasingly politicized, and not in a direction that is favorable for conservatives. JP Morgan Chase led the fundraising charge for...
State and Local Public Bank Efforts Stalling Without More Federal Support
The capitol building of New Mexico, where a public banking bill recently died (Photo by jpellgen (@1179_jp) / CC BY-NC-ND 2.0) By Oscar Perry Abello, Next City | April 20, 2021 Like many banking executives, Harold Dixon wasn’t sure at first about the idea of a state...
Free banking in California? New bill tackles access and racial equity
Photo by Jerome Strauss, Flickr (CC BY-SA 2.0) By Margot Roosevelt, Los Angeles Times | April 6, 2021 Escalating overdraft charges. Minimum balances. High ATM, check-cashing and debit card fees. Banking can be expensive, especially for low-wage workers. A score...
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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