Seattle’s Groundbreaking City Council is Considering Another Groundbreaking Idea: A Public Bank

Dec 10, 2014. As a direct result of Wall Street mismanagement and federal complacency, communities have lost the ability to finance local, sustainable growth and public services. This is a direct threat to democracy, because the chief conduit of democracy in American society is the ability of cities and towns to facilitate public participation, health, …

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Public Banking and Corporate News: When Big Media Struggles to Understand Local Economic Autonomy

Nov 20, 2014. Public banks are, above all, tools of local control. The Bank of North Dakota allows that state to bypass Wall Street and finance local and state-wide projects without fear of paying exploitative interest rates, or of losing those interest payments to outside shareholders who wouldn’t re-invest them in local endeavors. Local media …

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