Public Bank East Bay hires CEO

BREAKING: Public Bank East Bay hires Scott Waite as CEO, first chief executive for a new U.S. public bank in over 100 years

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 …

BREAKING: Public Bank East Bay hires Scott Waite as CEO, first chief executive for a new U.S. public bank in over 100 years Read More

San Francisco approves plans

BREAKING: San Francisco given go ahead to start creating nation’s first municipal public bank

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. …

BREAKING: San Francisco given go ahead to start creating nation’s first municipal public bank Read More

Oregon state capitol by David Grant

UPDATE: Oregon Governor Kotek vetoed task force bill

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 action alert photo by David Grant

Urgent action alert: Please tell Oregon Governor Tina Kotek not to veto the public bank task force bill, HB 2763; final decision will be made by August 4

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 …

Urgent action alert: Please tell Oregon Governor Tina Kotek not to veto the public bank task force bill, HB 2763; final decision will be made by August 4 Read More

Oregon state capitol by David Grant

Oregon bill to create a state public bank task force passes both houses of the state legislature, awaits Governor’s signature

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 …

Oregon bill to create a state public bank task force passes both houses of the state legislature, awaits Governor’s signature Read More

LA City Hall by Austin Laser

Los Angeles City Council approves funding for Phase 1 of the public bank viability study required by AB857

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 …

Los Angeles City Council approves funding for Phase 1 of the public bank viability study required by AB857 Read More

IOM Jesse Jones

New It’s Our Money podcast examines the enormous impact of Jesse H. Jones, the man FDR put in charge of the Reconstruction Finance Corporation

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 …

New It’s Our Money podcast examines the enormous impact of Jesse H. Jones, the man FDR put in charge of the Reconstruction Finance Corporation Read More

War poster by Justin on Flickr

Ellen Brown’s latest articles examine the elephants in the federal debt trap room and the utility of a financial transactions tax

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 …

Ellen Brown’s latest articles examine the elephants in the federal debt trap room and the utility of a financial transactions tax Read More

NIB bill reintroduced

New bill introduced for National Infrastructure Bank; Coalition launches mobilization for cosponsors

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 …

New bill introduced for National Infrastructure Bank; Coalition launches mobilization for cosponsors Read More

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