Apr 23, 2015. Maine public banking advocate Randall Parr continues his productive output answering critics of public banks. Will local banks with state deposits suffer losses if those deposits are redeposited into a state-owned bank? What would be the impact of a public bank on the state’s economic health? On its poverty rate? Would creating a …
Apr 23, 2015. Longtime public banking writer and leader of the New York public banking movement Scott Baker has published America is Not Broke! Four Multi-Trillion Dollar Paths to a Thriving America, a book his publishers call “a potent economic antidote for all that currently ails the US economy.” Scott Baker Managing and Economics Editor …
Just released: America is Not Broke! Four Multi-Trillion Dollar Ways to a Thriving America Read More
Apr 9, 2015. LD 24 would create a Maine State Bank. as well as allow the creation of county and city-run banks. LD 14 provides that the Maine State Bank would come into existence on July 1, 2017, provided that it had capital of $20,000,000. The bill further provides for a quarterly examination of the …
Apr 9, 2018. Although the frontal façade of this essay is “policy analysis of how public finance can solve poverty,” this is really an attempt to explain, at a fairly (but not completely) personal level, why I do what I do. Much of the current social hand-wringing about American capitalism is focused on inequality, the …
Financial Insecurity Ruins Our Lives: Let’s Change the Game Read More
Apr 8, 2015. German public bank Landeskreditbank Baden-Württemberg, or L-Bank, is suing the European Central Bank to avoid coming under EU supervision and regulation, which would increase L-Bank’s costs and fees. L-Bank argues that higher costs tied to ECB supervision would undermine its ability to support local families and businesses. Last November, as part of …
Apr 6, 2015. On Monday, March 30, the Seattle City Council adopted a resolution opposing Trade Promotion Authority, or “fast track” authority, of the President of the United States to implement U.S. agreement to the Trans-Pacific Partnership. The TPP, a regional trade pact between the U.S. and 11 other nations. In its resolution opposing fast-tracking …
Apr 1, 2015. Arguments have emerged from all sections of the banking spectrum concerning the causes of community banks’ decline. Many observers argue that Dodd Frank’s regulations disproportionately impact community banks. But there is no consensus on this. In this morning’s American Banker, banking industry consultant and investor J.V. Rizzi takes the opposite view. “There …
Is Dodd-Frank Killing Community Banks? The More Important Question is How to Save Them Read More
Mar 28, 2015. Public Banking Institute founder Ellen Brown was recently a guest on the Global Research News Hour podcast, where she discussed “The Student Debt Time Bomb.” As producers of the podcast point out, at “the fourth quarter of fiscal year 2014, student loan debt stood at a colossal $1.16 trillion dollars. According to …
Ellen Brown Discusses Student Debt Crisis on Global Research News Hour Read More
Mar 28, 2015. Public banking allies in Canada are currently waging a feisty legal battle to turn the Bank of Canada back into a public bank, as it was originally intended. And they’re surviving attempt after attempt by the Canadian government to shoot down the lawsuit. Previously, only alternative media were reporting the story of …
Mar 28, 2015. 2014 found the movement for public banking growing throughout the nation. Discouraged by foot-dragging and reversals on national banking reform, and alarmed over continuing municipal budgetary shortfalls, groups in New Mexico, Washington state and elsewhere stepped up efforts to put public banks on their cities’ and states’ agendas. These local groups were …
As Momentum Grows, Public Bank Supporters Should Stay the Course in the Face of Opposition Read More
Mar 28, 2015. A bill providing that Illinois state funds be deposited into a public bank, to be called the Community Bank of Illinois, had its first reading on January 14, 2015, then went to the Financial Institutions on March 10 where, after hearings featuring well-known Chicago activist Amara Enyia and others, the bill moved …
llinois State Legislators Advance Public Banking Bill Read More
