Tag Archives: Gwendolyn Hallsmith

Santa Fe Symposium Speakers Gwendolyn Hallsmith and Dr. Thomas Keidel on the Tim Danahey Show

Tim Danahey set up his portable studio in the Green Room of the Banking On New Mexico Symposium to interview several of the invited speakers at the Symposium. The Symposium, whose principal topic was public banking, was held at the Santa Fe Community Convention Center on Saturday, September 27, 2014. Videos of the full program of events can be found on this website at Symposium Videos.

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Public Banking in the Press: Public bank advocates gain advice from experts – A Report from the Banking On New Mexico Symposium

From The Santa Fe New Mexican:


Public bank advocates gain advice from experts

Posted: Saturday, September 27, 2014 10:00 pm | Updated: 11:18 pm, Sat Sep 27, 2014.


By Ed Moreno
For The New Mexican

The path to establish a publicly owned bank will be scattered with legal and political obstacles, but scores of citizens, public officials and public finance experts gathered in Santa Fe on Saturday to make the case that it can, and should, be done.

The spirited gathering, organized by “We Are People Here,” brought local, national and international perspectives on why it is necessary to try to establish publicly owned and operated banks that serve local communities, and not the “plutocracy” that controls the nation’s wealth, the event’s organizer said.

“We are gathered here because we recognize to the degree greater than in any time in the last 40 years that we are on our own,” said Craig Barnes, the founder of the organization. He cited the concentration of wealth and power and said “the life’s blood is being sucked away from our local communities.”

“We’re not here to blame, we’re not here to complain. We’re here to get up off our knees, because it’s in our nature as Americans to be on our feet,” he said.

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Public Banking in the Press – Symposium on public banking planned today as city explores feasibility

From The Santa Fe New Mexican:


Symposium on public banking planned today as city explores feasibility

Posted: Friday, September 26, 2014 7:00 pm | Updated: 12:30 am, Sat Sep 27, 2014


By Daniel J. Chacón

The New Mexican

Mayor Javier Gonzales says that while he was on the campaign trail, an old friend told him about a local movement to create a public bank.

Gonzales had already heard about a public bank in North Dakota but hadn’t given much thought to one in Santa Fe or even New Mexico.

“As I got more into the campaign and learned the stories and the challenges of Santa Fe and recognized that access to capital and new funding sources were limited, the idea of a public bank became more and more important to me,” he said Friday.

If he was elected mayor, Gonzales told himself back then, he would explore the idea further.

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Santa Fe Mayor Javier Gonzalez: Public banking worth exploring in Santa Fe

Santa Fe Mayor, Javier Gonzalez, talks about the importance of the Banking on New Mexico Symposium: Funding Local, Sustainable Economies for the City of Santa Fe.

The Symposium is happening today, Saturday, September 27, 2014 from 10:30 am to 9:00 pm, at the Santa Fe Community Convention Center. Registration for the Symposium starts at 9:30 am at the door. The registration fee is $40.

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Public Banking in the Press — Report from Finance New Mexico about Public Banking and Banking on New Mexico Symposium

From The Santa Fe New Mexican:


Finance New Mexico: Public banking gets a hearing at symposium

Posted: Monday, September 22, 2014 7:00 pm


For The New Mexican

With tighter credit standards that have resulted in fewer loans since the recession of 2008, some are backing an effort to open a publicly owned and managed bank in New Mexico. These advocates are holding a symposium starting 10:30 a.m. Saturday at the Santa Fe Community Convention Center to educate the public and decide how to proceed.

State Rep. Brian Egolf, a Santa Fe Democrat, has pushed for a statewide public bank for years, arguing it would keep more money at home and make it easier for businesses to secure capital. Fellow legislators have rejected the idea for two successive years, so backers have scaled down the idea to a publicly owned bank in just one New Mexico community: Santa Fe. They have the support of Mayor Javier Gonzales, who sees it as a resource for cash-strapped local businesses.

Other speakers include Richard Wolff of the University of Massachusetts; Gwendolyn Hallsmith of the Public Banking Institute; Craig Barnes, founder of We Are People Here!; as well as other city leaders and financial experts.

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Gwendolyn Hallsmith, Executive Director, Public Banking Institute – Interviewed by Craig Barnes

Gwen Hallsmith, Executive Director of the Public Banking Institute, was interviewed this morning (Saturday, September 6, 2014) on Our Times with Craig Barnes. Gwen points out that actions to establish state and local municipal public banks are sweeping the country. She explains how interest income that normally goes to the Wall Street banks can be returned instead to serve local purposes in our own communities.

Gwen Hallsmith on Our Times with Craig Barnes, September 6, 2014

Gwen is one of the invited guests at the upcoming Banking On New Mexico Symposium that will be held at the Santa Fe Community Convention Center on Saturday, September 27, 2014. Other internationally renowned invitees are listed in the sidebar to the right. The event is being jointly sponsored by WeArePeopleHere! and the Public Banking Institute. Information about the Symposium can be found at BankingOnNewMexico.org and in the Symposium section of this website. Registration for the Symposium is $40 for the General Public and $10 for Students with ID. Please join WeArePeopleHere! and the Public Banking Institute at this exciting and informative event.

Craig Barnes’ Interview of Public Banking Institute Experts

Craig Barnes, Gwen Hallsmith, Mike Krauss

Listen to Craig Barnes interview two experts on public banking, Gwen Hallsmith, Executive Director of the Public Banking Institute, and Mike Krauss, a director of the Public Banking Institute and chairman of the Pennsylvania Project–an organization dedicated to the formation of Public Banks at the state and municipal level in Pennsylvania. They recently visited Santa Fe on behalf of We are People Here! to meet and discuss, with Mayor Gonzales, City Councilors, and other civic leaders of Santa Fe, the benefits and the formation of a Public Bank for the City of Santa Fe.

Public Banking Experts, Gwen Hallsmith and Mike Krauss

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Gwen most recently made national headlines with her work in Vermont to ask Town Meetings to consider public banking. On March 4th, 18 cities and towns in Vermont voted to endorse a resolution directing the state legislators to create a State Bank for Vermont. Thanks to the media expertise of William Boardman and Matt Stannard, the national media has picked up on the story, and there have been now over 20 radio interviews, print stories, and starting this week we’ll be on syndicated television with the story as well… Gwen has an interview with GritTV on Tuesday, and we understand that even bigger shows are working on the story – stay tuned.

Gwen is the author of several books on sustainable communities and economic reform, including her most recent book with Bernard Lietaer called Creating Wealth: Growing Local Communities with Local Currencies. She has been an advocate for economic reform for over 25 years, and implemented new currency projects on the local level in her recent position as the Director of Planning and Community Development for the City of Montpelier. Her work spans the globe – she has worked in all the major world regions at this point, and with cities, towns, regions, provinces, and states in the United States and Canada.

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Public Banking in the Press — Santa Fe Mayor Gonzalez briefed on public banking

From The Santa Fe New Mexican:


Mayor wants to study possibility of launching public bank

Posted: Tuesday, June 10, 2014 9:00 pm | Updated: 8:08 am, Wed Jun 11, 2014.


By Daniel J. Chacón
The New Mexican

Mayor Javier Gonzales wants to study the feasibility of creating a public bank in Santa Fe to grow the local economy by keeping taxpayer money in the city.

Gonzales, who talked about the idea on the campaign trail, organized a presentation Tuesday for city councilors and others to understand the basics of public banking, which leverages a government’s assets to stimulate investment in the community. Examples of public banking include offering low-interest loans to local businesses or low-cost financing for public projects, such as housing and infrastructure.

After the presentation Tuesday by the Public Banking Institute, Gonzales said he wants the city to issue a request for qualifications to conduct a feasibility study over the summer. The results of that study could be available before a public symposium on public banking that’s scheduled in Santa Fe in September.

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