Public Bank East Bay makes history as it hires its first CEO, Scott Waite, becoming the first public banking effort in the nation to bring on a chief executive as well as a prospective board, led by Co‐Chairs Paulina Gonzalez‐Brito and Jennifer Esteen, for the planned public bank. Waite is tasked with completing the public bank’s business plan required to apply …
On Tuesday, Sept. 5, San Francisco’s Board of Supervisors unanimously passed a resolution to accept the business and governance plans for both the Municipal Finance Corporation and the Public Bank. With the Board’s go-ahead, San Francisco is able to start implementing its own publicly owned financial corporation, which would then be converted into the city’s first public bank. …
Despite an outpouring of support for the bill from public banking advocates and a broad spectrum of organizations, Oregon Governor Tina Kotek vetoed the State Bank Task Force bill, HB 2763 on August 4th. The objection she gave publicly was a logistical one and remained unchanged. Photo by David Grant.
Oregon Governor Tina Kotek issued a notice on Friday July 28 that she may veto the State Bank Task Force bill, HB 2763. In response, PBI has written an open letter to Gov Kotek urging her to sign: The PBI Board asks that Gov. Kotek deliver to Oregonians the opportunity to create this powerful engine to ensure their own economic future as …
Oregon took an important step toward a state public bank as the State Senate passed the State Bank Task Force bill, HB 2763, on June 23, following its passage by the House on June 14. It awaits Governor Tina Kotek’s signature. The legislative session adjourned June 25. The bill establishes a 19-member task force selected by the Governor, the President of the …
In a unanimous decision on June 20th, the Los Angeles City Council made their first financial investment toward launching a public bank, voting to approve funding in the amount of $460,000 for consultant services to conduct Phase 1 of a viability study. The two-phase study will examine “policy, fiscal, and economic analyses related to the formation …
PBI is delighted to welcome Dr. Curtis Gregory and Geeta Minocha as new board members. We are grateful to have the benefit of their insight and experience, detailed in more depth on our website here. Dr. Curtis Gregory Curtis is a 20-year banking veteran who served as Senior VP with four of the top 25 domestic banks …
PBI welcomes two new board members: Dr. Curtis Gregory and Geeta Minocha Read More
FDR’s Power Player FDR is usually given the credit for saving America and capitalism from the Great Depression, winning WWII, and launching an amazing number of infrastructure improvements that America enjoys to this day. But it wouldn’t have happened without the can-do integrity of a single Texas entrepreneur, Jesse Holman Jones. One of America’s greatest unsung …
The Federal Debt Trap: Issues and Possible Solutions … Among other dubious payments [the Grayzone] found [in an independent audit of U.S. tax dollar allocations to Ukraine] were $4.5 million from the U.S. Social Security Administration to the Kiev government, and $4.5 billion from USAID to pay off Ukraine’s sovereign debt, “much of which is …
Our friends at the Coalition for a National Infrastructure Bank are calling for an “all hands on deck” mobilization to get cosponsors for the newly reintroduced bill H.R. 4052 (formerly H.R. 3339). The new bill, introduced by Congressman Danny Davis on June 13, would create a $5 trillion National Infrastructure Bank. In his remarks to the NIB Coalition on June 15, Congressman …
Public Bank East Bay has announced they are hiring a founding Chief Executive Officer to guide the Public Bank East Bay through the business plan and charter application process. You can read the CEO position announcement here and share it with people who might be interested and qualified. [More details] [Read position announcement]
