Public Interest


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 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