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Support Public Bank
Santa Fe’s effort to establish a publicly owned city bank is in line with other moves around the country. In New Jersey, Phil Murphy, the front-runner in next year’s gubernatorial contest, pledged in September to create a state-owned Bank of New Jersey as a cornerstone of his economic policies. Murphy anticipates that the state bank […]
North Dakota’s Public Bank Is Funding Police Repression at Standing Rock
For those of us in the public banking movement, used to holding up the Bank of North Dakota (the nation’s only public bank) as an example of how promising public banks are, the recent news that Dalrymple and an emergency spending panel voted to add $4 million in additional credit onto a $10 million line from BND, to fund law enforcement expenses at Standing Rock, is troubling.
Support A Public Bank
With corporate greed and corruption at an all-time high — the recent Wells Fargo scandal just one more example — public banking is our best long-term solution. It would save the city of Santa Fe millions of dollars in interest, and our funds would stay in our community to benefit the local economy instead of […]
I Am So Proud
I am so proud to be a citizen of Santa Fe, and on the cutting edge of a new movement — to harness the mighty power of finance to benefit all of our citizens, instead of padding Wall Street’s bottom line. An independent study has concluded that a publicly owned city bank could reduce the […]
PROFILE: THE WOMAN LAYING THE GROUNDWORK FOR A PUBLIC BANK IN NEW JERSEY
Joan Bartl believes taxpayer-owned financial institution would be ‘logical and practical’ because of the state’s ‘significant fiscal problems’
A Public Bank
How can the city of Santa Fe continue to do business with Wells Fargo after it’s now been exposed as a criminal organization? If this latest outrage by yet another big bank isn’t enough proof of a need for a city-owned public bank, what is? The state of North Dakota has had a public bank […]
Attorney general leads criminal probe of Wells Fargo bank
SACRAMENTO, Calif. (AP) — California’s attorney general is conducting a criminal investigation into whether employees at San Francisco-based Wells Fargo bank stole customers’ identities in the sales practices scandal that rocked the bank and cost its CEO his job, documents released Wednesday show.
Better Local
The recent shenanigans at Wells Fargo Bank add yet more ballast to the proposal to create a city-owned public bank in Santa Fe. We as city citizens and taxpayers are in effect underwriting Wells Fargo’s crooked dealings, because the city of Santa Fe banks with Wells Fargo. We have an alternative within reach — let’s […]
California Imposes Sweeping Sanctions On Wells Fargo Amid Scandal
California’s state treasurer has announced he is suspending major parts of the state’s business relationship with Wells Fargo because of a scandal involving unauthorized customer accounts.
Bridging The Divide
What I like best about living in Santa Fe is the favorite waitstaff at local restaurants welcoming my dog by name (Bear); familiar faces everywhere, friendly smiles (in congested Cerrillos Road traffic, even); and giving back to the community that holds me here. To this end, I am a strong proponent of public banking. Imagine […]
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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