Press Room & Media
In the News
Progress Toward a Public Bank in Santa Fe Continues — The Scope of Work for the Feasibility Study Released
The Scope of Work for the City of Santa Fe public banking Feasibility Study was released January 16, 2015. Thanks to City Staff for keeping our project moving forward so quickly. Here’s the schedule to make it official and it’s moving fast. Tuesday, January 20 at 5pm, the City Finance Committee will review it. Wednesday, […]
Public Funds Are SAFER in Public Banks
The Federal Government used the Public’s funds to BAIL-OUT the Too Big To Fail Banks (TBTF)* from their derivatives-caused gambling crash of 2008. In only 6 years, the TBTF banks have grown by 37% using the same unrepentant, risky investments that caused that crash and subsequent bail-out in the first place. The financial consequences to […]
A City of Santa Fe Public Bank is Better than a Revolving Loan Fund
ABOUT A CITY OF SANTA FE REVOLVING LOAN FUND The public’s funds not needed in the short term might be loaned to benefit the public good. As the borrower pays back the City they also pay interest. The interest paid over time will increase the loan fund. A revolving loan fund can partner with other […]
NYTimes OpEds: Room for Debate – Should States Operate Public Banks?
While many of us understand the importance and benefit of public banks for stimulating local economies, there are many who have the opposite point-of-view and can present arguments that are reasonable, given their set of assumptions. It is important that we understand these arguments and can respond to them. The link below is to a […]
Seattle Forum on Public Banking
Seattle Forum on Public Banking
The city council of the City of Seattle held a public meeting, Public Forum: The Possibility for a Public Bank in Seattle to discuss, with experts in the field, the possibility of establishing a public bank. This “Public Banking 101” presentation is by Gwendolyn Hallsmith, past Executive Director of the Public Banking Institute.
Observations of Ellen Brown on WSJ Article about the Bank of North Dakota
In an article in The Wall Street Journal dated November 16, 2014 and entitled Shale Boom Helps North Dakota Bank Earn Returns Goldman Would Envy, Chester Dawson relates a largely factually correct representation of the Bank of North Dakota. However, the interpretation of these facts is easily questioned. Ellen Brown, a major intellectual leader of […]
Public Banking in the Press — NYTimes Blog, You’re The Boss: What North Dakota’s Public Bank Does for Small Businesses
One of the major roles of the Bank of North Dakota (BND) is to support small businesses within the state. This story, which was in the New York Times Blog, You’re the Boss — The Art of Running a Small Business on March 13, 2014, gives some detail about how BND can help a small […]
Santa Fe City Council Approves Resolution to Study Impact of a Public Bank for Santa Fe
The Santa Fe City Council approved a resolution to move forward on a study of the long-term benefits of a public bank for the City of Santa Fe. The resolution was sponsored by Mayor Javier Gonzales and Councilors Peter Ives and Joe Maestas. They were joined by Councilors Patti Bushee and Carmichael Dominguez, who asked […]
Public Banking Call to Action: Attend the Santa Fe City Council Meeting — October 29
Banking on New Mexico encourages you to attend the next meeting of the Santa Fe City Council to help move public banking forward. After approval by City of Santa Fe’s Finance Committee on October 20, 2014, the resolution for a feasibility study of the benefits of a public bank will be on the agenda of […]
City of Santa Fe Finance Committee to Consider Feasibility Study for a Public Bank
The Finance Committee of the City of Santa Fe will convene for a regular meeting in the Santa Fe City Council Chambers at 5:00 pm on Monday, October 20, 2014. On the agenda is: 23. Request for Approval of a Resolution Directing Staff to Analyze the Potential Opportunities of Establishing Public Banking Functions for the […]
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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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