From the Rocky Mountain Public Banking Institute and the Colorado Public Banking Coalition: After more than 600 hours of research, analysis, discussion, debate, and editing, the Rocky Mountain Public Banking Institute together with the Colorado Public Banking Coalition (CPBC) steering committee have completed the Draft Bill to Authorize Local Public Banks! We are now launching …

Colorado public banking advocates release a Local Public Banking Draft Bill Read More

New York NY Senate Bill S1754 and Assembly Bill A3352 to establish the “New York Public Banking Act,” which is similar to California’s AB857, were introduced in mid-January by State Sen. James Sanders Jr. and Assemblymember Pamela J. Hunter, respectively. As of mid-March, the Senate bill has met the 32 Senator co-sponsor threshold to pass. The Assembly bill has …

NY State “Public Banking Act” bill nears majority support in legislature; plus more updates from across the country Read More

Richard Werner, Member of Linacre College, Oxford, and a university professor in banking and finance, recently published a briefing memo that provides an intellectual foundation to state legislators and advocates supporting the case for a public bank. The rationale presented by Dr. Werner applies equally in any state. The benefits discussed include dividends, higher state-level tax revenues, greater job …

Banking and Finance Professor Richard Werner publishes a briefing memo providing scholarly support for the case for a state public bank Read More

On her new show “Financial Rebellion with Catherine Austin Fitts,” Catherine explains her view of the critical importance of sovereign state public banks as a bulwark against the global pressures on the financial industry. Minutes 13:16 – 29:00. [watch show]

PBI Chair Ellen Brown joined James Corbett on “The Corbett Report” March 21 to discuss her latest articles on the bank runs that, as James described, “are leading us toward the event horizon of the quadrillion-dollar derivative black hole.” [Watch show] ICYMI: [Watch Ellen’s recent interview with Sarah Westall] Ellen has these events coming up: …

Video spotlight #2: Ellen Brown discusses alternative solutions to the banking crisis with James Corbett Read More

Public Banking Private Banks Are In Crisis. What If They Were Public Banks? | Roshan Abraham, Vice The SVB and Signature Bank Crashes Show Why We Need Public Banking | Trinity Tran, Truthout New York public banking supporters say recent failures show need for law | Nick Reisman, Spectrum News 1   Economy How to Spark a Nationwide Main Street Industrial Renewal with Universal …

News Roundup – March 22, 2023 Read More

San Francisco Draft business plans for a San Francisco Public Bank and a Municipal Finance Corporation (MFC) were released in early February from the city’s Reinvestment Working Group. The bank proposal calls for $50 million in initial capital to be sourced by the City and County of San Francisco. The SF MFC plan is to be finalized by the end of March; …

SFPB releases draft business plan; plus other legislative updates from around the country Read More

PBI Chair Ellen Brown has written two timely articles examining the systemic risk of our current financial system. Stay tuned, more articles to come. What Will Happen When Banks Go Bust? Bank Runs, Bail-Ins and Systemic Risk Financial podcasts have been featuring ominous headlines lately along the lines of “Your Bank Can Legally Seize Your …

Ellen Brown’s latest articles unpack the bank runs, bail-ins, and looming derivatives tsunami Read More

Economist and PBI Advisory Board member Michael Hudson talks with Ben Norton to analyze the collapse of Silicon Valley Bank, Silvergate, and Signature Bank, explaining the similarities to the 2008 financial crash. He also addresses the US government bailout (which it isn’t calling a bailout), the role of the Federal Reserve and Treasury, the factor …

Video spotlight: Why 3 US banks collapsed in 1 week: Economist Michael Hudson explains Read More

View our summary of 2022 and our vision for the year ahead. [Read annual report]