Public Banking Institute News: Sept 13, 2018
BREAKING: Oakland Finance Committee unanimously recommends the public bank feasibility study be moved forward to the full City Council
The City of Oakland’s Finance Committee accepted the Public Bank Feasibility Study and staff report, and recommended placing it on the full City Council’s agenda so that all Councilors may have an opportunity to discuss the report and options.
Watch as banking experts, elected officials, and advocates alike give overwhelming support for Oakland’s public bank: VIDEO (note: link takes a bit of time to load).
[read more]
Report from the nation’s capitol: D.C. feasibility study soon to be released
Ruth Caplan with the DC Public Banking Center writes of the fantastic organizing energy happening now around public banking in D.C.:
[read more]“This year has been the coming out party for the DC public bank campaign. The DC Council’s FY18 budget included $200,000 to conduct a feasibility study for a DC public bank. Now the study is soon to be released. …”
Four new articles endorse a public bank for LA #YesOnB
Los Angeles’ ballot initiative for public banking continues to generate many excellent articles about public banking. Their cogent arguments apply to public banking in general, but as Phoenix Goodman writes in the LA Progressive, “Rarely does the constituency of a city have such profound weight of power in their hands to alter the history of the world.” Read the articles below:
Cory Doctorow in Boing Boing:
[read more]“The City of Los Angeles sends the nation-wrecking finance industry more than $100MM/year in the form of fees and penalties for its banking business, supporting the institutions whose racist lending practices, financial engineering and mortgage fraud have wreaked untold harm on the city’s residents.”
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