By C.J. Polychroniou for Truthout | February 17, 2024 (Photo: LEONARDO MUNOZ / VIEWPRESS / GETTY IMAGES) Progressive economist Gerald Epstein explains how we can build a banking system that puts people over profit. Our current banking and financial system has...
Beyond Wells Fargo, City of Seattle’s banking options unclear
Seattle lawmakers will take a final vote Tuesday on whether to stop banking with Wells Fargo over ethical concerns. The ordinance already received support from eight out of nine City Council members at the committee level. Under the ordinance, the city could not work...An open letter to the city of Seattle: Dump Wells Fargo and start our own bank
On Nov. 4, Seattle City Council member Kshama Sawant proposed legislation to allow credit unions and community banks to manage the deposits of the city, deposits that are currently managed by Wells Fargo. Wells Fargo has been caught defrauding customers while giving...The homegrown promise of a Seattle public bank
PUBLIC banks have an excellent track record in helping states and cities finance infrastructure, among other public services. In his Jan. 1 guest column, Michael Waite overlooks this fact, failing to mention that North Dakota has used a state-owned bank for nearly 100...Sawant: Cut Seattle ties with Wells Fargo over investment in Dakota Access Pipeline
Photo: St. Anthony, an unincorporated community in Morton County, N.D. (Kristina Barker / The New York Times) The city should cut its ties with Wells Fargo Bank in part because of the bank’s investment in the Dakota Access Pipeline, Seattle City Councilmember Kshama...
To Democratize Finance, We Must Take the Banks Away From the Bankers
Tlaib, AOC Revive Public Banking Act to Take on Wall Street
By Brett Wilkins for Common Dreams | December 13, 2023 Rep. Alexandria Ocasio-Cortez (D-N.Y.) speaks while Rep. Rashida Tlaib (D-Mich.) looks on (Photo: Zach Gibson/Getty Images) "Wall Street-run banks are failing to serve many of my residents who are struggling to...
Racial disparities in NY homeownership driven by higher interest rates, mortgage denials
By David Brand for Gothamist | November 1, 2023 (Photo by Jemal Countess/Getty Images) New York Attorney General Letitia James is calling on state lawmakers to tackle unfair credit and lending practices that fuel a staggering racial gap in homeownership and force New...
Retake Our Democracy Zoominar Panel on Public Bank Legislation
Retake Our Democracy Zoominar Panel on Public Bank Legislation
We had a great discussion panel with Retake our Democracy ahead of the 2023 Legislative session. October 26, 2022
Albuquerque local business consultant on how a State Public Bank can benefit our economy
Albuquerque local business consultant on how a State Public Bank can benefit our economy
AFLEP Leadership Team Member and Albuquerque”buy local” business advocate, Clifton Chadwick shares key economic reasons why he supports the creation of a State-Owned Public Bank. March 10, 2022
Episode: Everyone deserves a public bank
Join those who’ve endorsed a Public Bank for New Mexico
“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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