“Ethical Markets welcomes all this good news about the progress of public banking proposals and action around the USA, thanks to the amazing leadership of lawyer and prolific author, Ellen Brown, our illustrious Advisory Board member, whom we were happy to see quoted at last in mainstream BloombergBusinessWeek!
Congratulations all around!
~Hazel Henderson, Editor“
Public Banking Institute News: Oct 18, 2018
Los Angeles #YesOnB effort rounds up important endorsements and more national press
Public Bank LA and their allies have been actively engaged in securing endorsements from an impressive number of union and political groups throughout the city. Latest endorsements include State Senator Kevin de León; Rusty Hicks, President of the LA County Federation of Labor; Gayle McLaughlin, Former Mayor of Richmond; Carolyn Fowler, Vice Chair California Democratic Party Women’s Caucus; the Labor Council for Latin American Advancement; Our Revolution West San Fernando Valley; Stonewall Democratic Club; UC Student-Workers Union UAW Local 2865; and the Progressive Democratic Club. These follow earlier endorsements by Our Revolution, DSA-LA, Green Party of Los Angeles County, Los Angeles County Democratic Party, and the California Democratic Party.
The effort has drawn more major press from Bloomberg and the Los Angeles Times. To help with this endorsement and outreach effort with your contacts or ideas, connect with PBLA here. The #YesOnB Street Team is hitting the LA neighborhoods this Saturday, Oct 20. See Facebook event list here. Plus there’s a big Defundraiser Rally event Saturday, Oct 20 at LA City Hall with Eric Andre, Nick Thorburn, Abby Martin, and more. See details below or Facebook event here. Donation link here.[read more]
Persistence wins in Washington State as legislators are just three votes away
The road to financial independence can be long, but that doesn’t discourage the cities, counties, and states leading the movement to create public banks in the United States.
In Washington State, legislators are now just three votes away from passing a bill to adopt a business plan to create a state bank. The path they took is instructive to cities, counties and other states looking to form their own banks. Watch their recent forum here.
“I see a public bank as almost inevitable,” said State Sen. Bob Hasegawa, “because of the current financial structures we’re required to live under.”[read more]
Public banking featured on Redacted Tonight with Lee Camp
Lee Camp spoke with Josh Androsky from PBLA about all things public banking on a recent episode of his popular show Redacted Tonight, “A new way to end the big banks.”
“Public banking is basically democratizing finance. It would be cutting out the Wall Street middleman and allowing the power of banking to be a public utility. … It’s not that difficult. … When it comes down to it, who should be in control of public money? Is it six people in a board room in New York City high up in a penthouse of a giant skyscraper, or is it your community, your neighbors?”[watch video]
Ellen Brown presenting at several events in Northern California
PBI Chair Ellen Brown is speaking in several public conferences and events this week and next in San Rafael on Oct 18th at 350Marin.org and Oct 20th at the Bioneers Conference, and in Sonoma, CA on Oct 22nd at Praxis Peace Institute. Discussion will include the latest public banking developments in California and around the country.