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]
Public Banking Los Angeles Moves Forward on Creation of a Public Bank | Charlotte Kramon, Governing Personal View: Public banking makes sense for Cleveland | Michael Collier and Geeta Minocha, Crain’s Cleveland Business City Council wants a study into creating a Los Angeles public bank | City News Service, Los Angeles Daily News Bank of ND shows record profits — Burgum criticizes Legislature …
The San Francisco Reinvestment Working Group (RWG), an advisory committee tasked with exploring the creation of a municipality-owned bank, voted May 16 to advance what the San Francisco Public Bank Coalition calls an “actionable, sustainable, and practical plan” for the first municipal public bank in the country. According to the plan, the RWG proposal would first set up …
Over the past few weeks, Jain Family Institute (JFI) and Berggruen Institute have released parts 1 – 3 of their joint report series for a Municipal Bank of LA. Part 1 speaks to the public bank’s capacity to increase affordable housing. Part 2 pioneers strategies for democratic governance of financial institutions. Part 3 explores how the public bank could build community wealth in part by helping employees …
A new paper published by Save the Post Office, Take On Wall Street, and Americans for Financial Reform Education Fund takes a hard look at the real world challenges of the unbanked and how the Post Office could restart its successful historical services and provide accessible low-cost basic banking services. The report describes how the current pilot …
A new national effort to reclaim the importance and power of public institutions got underway at a symposium held last week at Vanderbilt University in Nashville. Entitled “Unleash the Power of Public Options”, leaders from a broad cross-section of public campaigns and organizations gathered to identify and discuss how critical public interest concerns have been …
