Press Room & Media
In the News
Letter: Open public bank to fund project
Let me commend you for your plan “to help the county’s waters, trails and wildlife habitats.” Forty million dollars, plus the cost of an election and the fees and interest associated with the bonds, is a lot of money. You could avoid those costs and gain other savings by establishing a “public bank.”
Forget Clinton’s and Trump’s Plans for the Economy: It’s Time to Erase Debt and Create Jobs
So far, neither Donald Trump nor Hillary Clinton has offered a credible plan to restart the long-stalled U.S. economy.
My View: Public Banks Provide Responsible Stewardship of Public Funds
Usually a household wishing to own a home must borrow funds from a bank. The household pledges its future earning capability to pay off a mortgage during the home owner’s lifetime. Likewise, a city needs to borrow for public projects like streets, utilities and the airport. That city pledges its earnings from taxes to pay […]
Public Banking Shines
Recently, there has been much ado about cash management operations replacing the need for a public bank. It appears that the city is implementing an excellent cash management system and other improvements in city financial management. Cash management is what families do when they pay off their credit cards every month. They plan ahead and […]
Minneapolis Fed chief Neel Kashkari calls some racial disparity ‘a crisis’
Community organizer Wintana Melekin was grabbing a soda in late June at a coffee shop near her office when she heard Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, had just been in.
Maine Voices: State at a disadvantage by banking on private, out-of-state institutions.
APPLETON — If you’ve ever written a check to the Maine State Treasurer’s Office, you may be surprised to learn that it was deposited in a privately owned bank. In the state treasurer’s pooled cash account report, we find that Maine deposits funds in private banks in other states as well as in Canada, France, Japan and the Netherlands.
Reader View: A Public Bank Is Good For Santa Fe
In a recent My View in The New Mexican, retired senior bank loan officer Jim Lodes (“A public bank for Santa Fe? It’s too expensive,” June 12) suggested we don’t really need a public bank in Santa Fe. Here are the reasons why a public bank is a fiscally responsible pathway toward greater social and […]
Reader View: Public banks can work for citizens
In a recent op-ed column, Jim Lodes (“A public bank for Santa Fe? Too expensive,” My View, June 11), warned against creating a Santa Fe public bank and said, in part: “Over the last few decades, not one city, county or state has analyzed this and decided to start a public bank.” To the contrary, […]
Kashkari Bucks Fed Norms Adding Emojis to Public Debate on Rates
Since the financial crisis, Federal Reserve officials have tried to communicate their policies to a wider constituency. With Neel Kashkari, the boundaries are being tested.
Broad new fed rule could impact NM credit unions and small banks
A proposed new rule from the Consumer Financial Protection Bureau may help protect people against predatory lenders, but could come at a cost for New Mexico credit unions and small banks.
The rule, announced in early June, would designate it an “abusive and unfair practice” for lenders to make short-term loans without determining that a consumer has the ability to repay it.
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
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