Suddenly, New Jersey finds itself with a tremendous opportunity to break free of its withering dependence on expensive Wall Street money to fund its needs and prospects. The talk of creating a state-owned public bank appears headed to the Statehouse for consideration by legislators, candidates, policy-makers and other government leaders. […]

New Jersey Statewide Public Banking Conference | September 16, 2017


Originally Posted by Walt McRee on PublicBankingInstitute.org June 13, 2017 Last week’s gubernatorial primary resulted not only in the ascension of candidate Phil Murphy to the threshold of the NJ statehouse, but also the elevation of public banking into mainstream political discourse for the entire country. Since Murphy adopted public […]

The Meaning of the Murphy Win


Tucked in the back hills of Basking Ridge, NJ by Flickr user joiseyshowaa
Originally posted by Jimmy Tobias on The Nation 5/22/2017 When Craig Brandt marched into the City Council chambers in Oakland, California, in the summer of 2015, he was furious about fraud. The long-time local attorney and father of two had been following the fallout from the Libor scandal, a brazen […]

 What if People Owned the Banks, Instead of Wall ...



SurFeRGiRL30 on Flickr
Originally posted by Pam Hersh on CentralJersey.com | May 19, 2017 The connection between fighting against “Dick-and-Jane” gender stereotyping and fighting for a public bank in New Jersey is a fighter called Joan. A resident of Princeton since 1968, Joan Bartl is known as a tireless advocate for causes intended […]

LOOSE ENDS: Joan Bartl is part of the movement aimed ...


This story was originally published on NextCity.org, which publishes daily news and analysis on cities. Philadelphia City Council Member Cindy Bass was already thinking about how to cut the city’s ties with Wells Fargo when bank CEO John Stumpf testified last September before the US Senate. Questioning Stumpf about the bank’s fraudulent […]

Amid Divestment Protests, More Cities Explore Public Banks


Originally posted by Jonathan Tasini on Los Angeles Times April 26, 2017 Republicans are dead set on rolling back regulations passed to restrain Wall Street and big banks from repeating the kind of shenanigans that fueled the 2008 financial collapse. Rather than fight a losing battle at the federal level, […]

How a California Public Bank could fix the freeways, send ...



Originally Posted by DAVID DAYEN on IN THESE TIMES APRIL 17, 2017 “Money is a utility that belongs to all of us,” says Walt McRee. McRee is a velvety-voiced former broadcaster now plotting an audacious challenge to the financial system. He’s leading a monthly conference call as chair of the Public […]

A Bank Even a Socialist Could Love


Originally Posted by Ellen Brown on HUFFPOST 04/12/2017 05:26 am ET Phil Murphy, the leading Democratic candidate for governor of New Jersey, has made a state-owned bank a centerpiece of his campaign. He says the New Jersey bank would “take money out of Wall Street and put it to work […]

What a State-Owned Bank Can Do for New Jersey


Originally posted by Ralph Nader on HUFFPOST 04/11/2017 06:50 pm ET | Updated Apr 11, 2017 There needs to be much more education of state legislators and the public at large. As a society obsessed by money, we pay a gigantic price for not educating high school and college students […]

The Savings And Stability Of Public Banking



Squan sunrise at the Manasquan Reservoir by joiseyshow aa on Flickr
Originally posted by John Lawrence on Public Banking Institute. Alarmed by the corruption and greed of Wall Street, many US cities and states are studying the feasibility of establishing public banks. By John Lawrence, San Diego Free Press Public banks are owned by cities, states or other jurisdictions and serve to […]

Cities and States Prefer Public Banks to Wall Street