As the banking crisis lingers on, PBI Chair Ellen Brown examines the role inherently fraudulent short selling played in recent bank failures. Ellen writes: Many banks have major unrealized losses on their balance sheets, yet they have not been subjected to runs by depositors. The runs on First Republic and Silicon Valley Bank were evidently …
Public Banking As Mayor, Brandon Johnson Should Establish a Public Bank in Chicago | Saqib Bhatti, In These Times Can Public Banking Save the Financial System and Prevent Consolidation and a Credit Crunch? | Robert Stark, The Unz Review Current Bank Crashes Demonstrate Why We Need Public Banking | Trinity Tran, LA Progressive Letter to the editor: Change needed to end cycle …
PBI Chair Ellen Brown joins a roundtable on May 2, 12:00 – 1:30pm ET, entitled “Should New York State Establish Public Banks” hosted by Senator James Sanders, Jr., Chair of the Senate Banks Committee. Additional speakers include Andy Morrison, Associate Director, New Economy Project; Stephen Cohen, Executive VP, Pursuit Lending Finance; and Anders Tomson, President & CEO Chemung …
A new memo by Earl Staelin, attorney and Chair of the Rocky Mountain Public Banking Institute, argues that FDIC membership and the holding of 100% collateral generally required for a bank charter are “completely unnecessary for public banks that follow the Bank of North Dakota (BND) model and would substantially undermine their profitability and effectiveness.” As the FDIC …
PBI Chair Ellen Brown latest article in ScheerPost exposes the behind-the-scenes coordinated attack on crypto banks that brought about the latest banking crisis. The apparent political execution of these solvent banks has implications for public bank initiatives. Ellen writes: Cryptocurrency experts Caitlin Long and Nic Carter take the opposite view [from SEC Chair Gary Gensler]. They acknowledge the …
On April 20, Jain Family Institute (JFI) and Berggruen Institute released an introductory working paper, the first in a joint report series that is aimed at providing the city with a template for the programs and administrative structure of a municipal public bank that can best serve the public interest. These reports were initiated by Los Angeles City Council’s unanimous …
PBI Advisory Board member Thomas Marois and Public Services International has just published a policy brief entitled “The potential of public banks to fund local quality public services: A policy brief for workers and trade unions” In this introductory video, Thomas explains that the motivation for this paper was to address the huge gap in awareness and …
Public Banking Transcending Finance with Public Banking | Trinity Tran, Medium Bank Bailouts, Again! Time to get the SF Public Bank Up and Running | Rick Girling, El Tecolote 4 ways to close the homeownership gap | Betsy Vereckey, MIT Management Sloan School Opinion: Public Banking is a Win for New York’s Tenants | Roy Zornow and Elizabeth Haak, CityLimits VIDEO: Senate Inquiry into Bank Closures in …
Illuminating discussion with Richard Werner and Catherine Austin Fitts is now posted: Werner: “Like many crises, it’s an engineered crisis. … We can’t trust the Fed. And therefore what do we need? … What you need is a state level bank … as a bulwark to support and back … all the banks in the …
Public banking takes another key step forward in Northern California. Public Bank East Bay writes: On Tuesday, April 11 (really, really close to the first minutes of April 12), the Berkeley City Council approved Public Bank East Bay’s viability study and committed to join the working group that will hash out the details of how the …
PBI Chair Ellen Brown’s recent articles on the current state of the banking system have led to a surge of interest in public banks as well as a spate of interview requests from all corners. Her article “Banking Crisis 3.0: Time to Change the Rules of the Game” in ScheerPost points out that these recurring banking crises are …
Ellen Brown’s recent article suggests it’s time to change the rules of the banking game Read More
