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In Texas, drowning in debt
The alternative is the one used by Lincoln in the Civil War, to bypass the banksters and their high interest. The Treasury can issue the money directly, as “U.S. Treasury Notes,” and avoid the interest paid to the banksters. Cut out the middleman.
Goliath, not a David, likely wins Santa Fe banking contest
It’s a tough call for elected representatives to go against political beliefs that they and many of their constituents have expressed and strongly hold to. But the city staffers’ strongly non-political evaluation report is hard to argue with.
Housing, battling racism and a municipal bank top agenda for L.A. council president
Los Angeles should explore whether to create a municipal bank that would finance affordable housing and throw its doors open to the cannabis industry, City Council President Herb Wesson said Tuesday.
Phil Murphy opens on Broadway
“Look down Broadway. You don’t see Apple, you don’t see General Motors. These are small businesses, and they need leadership from the state.” – Phil Murphy
Public Banking Task Force nominees confirmed
The seven-member task force is charged with determining the necessary procedures, timelines and requirements to establish a chartered public bank.
Mayor makes picks for Public Banking Task Force
The task force will help determine requirements to establish a public bank. The nine-member panel must complete its work within six months of its first meeting, possibly making the idea of a public bank a major campaign issue in next spring’s mayoral election.
What if People Owned the Banks, Instead of Wall Street?
From Seattle to Santa Fe, cities are at the center of a movement to create publicly owned banks.
Unanimously Approved
Good for our City Council. Members have unanimously supported a task force to develop a public bank. Why should we keep paying interest into the great maw of Wall Street when we can pay interest to ourselves and use the money to help our community? Thanks to the late Craig Barnes and his group We […]
Three Excellent Reasons
I support a public bank for Santa Fe, and so should you. Knowing where your tax dollars go to work in our city (transparency), turning the debt burden that we now pay to Wells Fargo into dollars for use in public work projects (leverage), and developing a boundary between city government and management of the […]
Santa Fe will have task force to explore public bank idea
On Wednesday, the City Council unanimously approved a resolution that would create a nine-member task force appointed by the mayor and approved by the governing body within the next 60 days. The panel will report back to the council after six months with its findings so the council can “make an informed decision about submitting an application for a New Mexico Bank Charter for a Public Bank of Santa Fe.”
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Episode: Everyone deserves a public bank
“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
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