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California Bill to Establish Nation’s Second Public Bank Applauded as ‘Historic Challenge to Wall Street Domination’
Photo: Trinity Tran/Twitter By Jake Johnson, Common Dreams | July 10, 2020 “If California is serious about addressing racial and income inequities, we must create a banking system that centers people not profits.” In a move advocacy groups...
Bank of North Dakota Releases 2019 Annual Report: “From Surviving to Thriving”
Photo via Bank of North Dakota, LinkedIn By Bank of North Dakota | July 7, 2020 Imagine if New Mexico could realize the substantial profit from its own public bank that North Dakota’s public bank generated for their state in 2019 The state-owned Bank of...
Public banking can help bridge the racial wealth gap in the post-pandemic recovery
Photo by Ken Lund/CC BY-SA 2.0 By Ameya Pawar, Harish I. Patel, The Chicago Reporter | July 7, 2020 Local and state governments are facing massive budget deficits after economically sensitive revenue streams tanked as a result of the extreme but necessary...
Will New York Launch a Public Bank?
Senator James Sanders of Queens is the lead sponsor of the Senate’s public-banking bill. Image courtesy CityLimits. By Sadef Ali Kully, CityLimits | June 25, 2020 Now is the time to create a public banking system as the city prepares for deep budget cuts amid...
Let’s not cling to the familiar. Let’s do better and create green jobs
Image: November 2019, NJ Gov. Phil Murphy holds a news conference to announce an executive order creating a board to develop an implementation plan for a public bank. (Governor’s Office, via Twitter) By Ed Potosnak, The Star-Ledger | June 16, 2020 New...
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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