Press Room & Media
In the News
How a California Public Bank could fix the freeways, send kids to college and ambush Wall Street
“The need to rebuild the nation’s infrastructure might provide an opportunity to overcome big bank opposition to public banking.”
Coaxing Councilors
City Councilor Renee Villarreal has introduced a substitute resolution developed by Banking On New Mexico, the Brass Tacks Team, city councilors and city staff calling for the creation of a task force to help establish a public banking task force. The task force will provide needed information about questions not addressed in the 2015 feasibility […]
City looks to give community banks, credit unions slice of its business
The city’s banking agreement with Wells Fargo ends Dec. 31, and the request issued by the city Finance Department allows for a menu of banking and finance services, with the smaller chunks aimed at attracting a more diverse group of providers.
A Bank Even a Socialist Could Love
“We have Tea Partiers and Occupiers in the same room liking public banking. What does that tell you?”
Addressing Inequalities
Many thanks to Councilor Renee Villarreal for her vision and persistence in pursuing the investigation of a public bank for Santa Fe. Thanks also to Councilors Joseph Maestas, Carmichael Dominguez, Signe Lindell and Peter Ives for co-sponsoring the resolution to create a task force to map out the steps required for the public bank. As […]
Leaning In
Banking on New Mexico has worked long and hard championing a Public Bank of Santa Fe. Several years ago, this dedicated nonprofit convinced the City Council to invest in a public bank feasibility study. That study affirmed that it could be done and would be of great financial benefit to Santa Fe. A task force […]
Finding Economic Justice
Recently, Santa Fe community leaders (Mayor Javier Gonzales, Rabbi Neil Amswych, Sensei Joshin Byrnes, Councilor Renee Villarreal, Elaine Sullivan of Banking on New Mexico) spoke on “Economic Justice in Santa Fe” and reminded us to become active participants. The presentation might have been titled “Community: How to use money to build and maintain it.” We […]
What a State-Owned Bank Can Do for New Jersey
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 economy [by] using state deposits to finance local investments … and … support billions of dollars of critical investments in infrastructure, small businesses, and student loans – saving our residents money and returning all profits to the taxpayers.”
The Savings And Stability Of Public Banking
There needs to be much more education of state legislators and the public at large.
Fed’s Kashkari to Jamie Dimon: It’s ‘nothing personal’ — big banks need to double their safety nets
• Minneapolis Fed President Neel Kashkari warns that big banks need “about twice as much” capital to address “too big to fail.”
• Kashkari disputes JPMorgan chief Jamie Dimon’s contention that “too big to fail” fears have been eradicated.
• Kashkari says he’d accept a little less lending from the big banks because “benefits outweigh the costs.”
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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
Retake Our Democracy