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Colorado needs a public bank
Opinion By Earl Staelin Posted: 02/14/2015 After we bailed out the “too-big-to-fail” Wall Street banks in 2008 and 2009, things appeared to have improved. Today, Wall Street is rebounding and the job market is looking up. But the folks on Main Street working for low hourly wages or Coloradans paying tens of thousands of […]
Stamford Advocate: Committee to Consider Public Bank Bill
By Alexander Soule, Published 7:43 pm, Monday, February 23, 2015 A Connecticut legislator is seeking a study of whether the state should create a publicly held bank as a way to provide a stable source of funding for various projects, among other potential benefits. State Rep. Susan Johnson, D-Windham, proposed the bill, which is under deliberation by the Connecticut […]
HOW PUBLIC BANKING IS WINNING THE WEST
By Matt Stannard February 19, 2015 You’ll read a lot about activism in this story, but most of it won’t sound terribly sexy or radical. There will be no black masks, no broken barricades or cops bashing skulls. Instead, what you’ll read about is hard work, lots of research about banks and economics and feasibility […]
Former Goldman Insider Endorses Public Banks
The Banking on Colorado event a few weeks ago was a great success, and even if you have read articles or books by Nomi Prins, you really have to watch this video of her rousing keynote address. It was truly remarkable to see a former Goldman Sachs insider heaping praise on public banking, pointing out […]
American Banker, Nation’s Preeminent Banking Journal, Strikes a Note on Public Banking
by Matt Stannard | February 18, 2015 American Banker, founded in 1836, is America’s oldest and most important banking journal. Over half a million people read its five day-a-week news site every month, and over 35,000 people subscribe to the print version. Independent of any portion of the banking industry, American Banker has won accolades […]
Why Public Banks Outperform Private Banks
By Ellen Brown, Web of Debt, Posted on Feb 12, 2015 In November 2014, the Wall Street Journal reported that the Bank of North Dakota (BND), the nation’s only state-owned bank, “is more profitable than Goldman Sachs Group Inc., has a better credit rating than J.P. Morgan Chase & Co. and hasn’t seen profit growth […]
Banking on the Environment
Banking on the Environment A growing movement in Boulder sees public banking as the answer to a greener future By Caitlin Rockett Boulder Weekly, Thursday, February 5, 2015 Banking might not seem like the answer to a healthier environment, but there’s a growing movement in Boulder that believes public banking could fund environmental projects […]
Banking on Colorado: Bringing Our Money Home Conference Videos
Supported by a grant from the Denver Foundation, Be the Change — USA, along with the Rocky Mountain Employee Ownership Center and the Public Banking Institute, hosted a conference in Denver in 2015, Banking on Colorado: Bringing Our Money Home. Videos here are from the entire event. Introductory Address – Nomi Prins: Wall Street and […]
The Old Economy wins a round: Public banking loses in Vermont
By Mike Krauss Bucks County Courier Times, February 9, 2015 Across the nation, in Pennsylvania and more than two dozen state legislatures and city councils, a well organized effort is underway to create a new tool to insure sound municipal finances and economic development: public banks, to take hundreds of millions of taxpayer funds out […]
City Council OKs $50K contract for study on public bank
Posted: Wednesday, January 28, 2015 10:30 pm | Updated: 10:56 pm, Wed Jan 28, 2015. By Daniel J. Chacón The New Mexican | The City Council approved a $50,000 contract Wednesday with a local firm that will investigate the business, financial and economic feasibility of a public bank in Santa Fe. The council voted 5-2 […]
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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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