Public Banking in a Time of Climate Crisis
https://consortiumnews.com/2025/02/14/public-banking-in-a-time-of-climate-crisis/
From Los Angeles’ fires to Asheville’s floods, disasters are intensifying and demand resilience that megabanks can’t provide, writes Trinity Tran. By Trinity Tran Common Dreams On the night of Jan. 7, as the Palisades Fire surged to 2,000 acres to…
#Politics #ClimateChange #Commentary #Economy #U.s. #ApocalypseInsurance #BankOfNorthDakota(bnd) #LosAngelesWildfires #PalisadesFire #PublicBanking #TrinityTran

Public Bank East Bay: pioneering a new way to invest public money for the public good.
🏡 Affordable housing
🌱 Green energy
💼 Small biz
Nonprofit wholesale bank working with local governments to support community projects.
#PublicBanking #EconomicJustice #EastBay
Learn more:
https://www.publicbankeastbay.org

#PublicBanking in a Time of Crisis: How to Rebuild #LosAngeles
From LA’s wildfires to Asheville’s #floods, #disasters are intensifying and demand resilience. Public banking offers a blueprint for #recovery : leverage #public dollars to cut long-term costs, create jobs, and rebuild smarter.
#Fire #LAFire #ClimateChange #flood #insurance
https://www.commondreams.org/opinion/public-banking-climate-crisis

As long as our community is at the "mercy" of big business, we can't survive, much less thrive. We must stop the rape & pillage of our labor & resources. We must bypass their system.

"We must find ways to work together where we can, in our cities & states, communities & bio-regions, to build the kind of future we want. Otherwise we are at the mercy of forces that will overwhelm us."

https://www.resilience.org/stories/2025-01-24/to-confront-the-oligarchy-we-need-to-build-power-at-the-community-level/

#ReLocalization #Community #PublicBanking #Organizing #Sustainability #Affordability

@FreeScholar #PublicBudgeting, #publicBanking, #PublicAssemblies, #cooperatives, and all the activities advocated by the movement for #solidarityEconomics guard against corruption. And, then also, there are suggestions about how to be antifascist (i.e. "Don't obey in advance.") and antiracist (i.e. recognizing internalized Whiteness, or conducting an equity audit). What do you think?

Public Bank East Bay (PBEB) will be a pioneering institution dedicated to lending locally for community-wide needs, initially specializing in affordable housing🏠, green energy infrastructure🌿, and small business growth with a focus on BIPOC-owned small business💼.

#AffordableHousing #GreenEnergy #SmallBusinesses #BIPOC #publicbank #publicbanking

Learn More About Public Banking: https://www.youtube-nocookie.com/embed/lpho-eie-fw?si=Ss6mEpMK2lBU85uC
https://invidious.reallyaweso.me/watch?v=lpho-eie-fw

#Florida’s Republican CFO Jimmy Patronis asked lawmakers to check out starting a state-run #bank to keep Florida’s $150B from big (private) banks.

It’s a big deal because usually this stuff gets pushed from the left, but here a GOP guy is leading the charge, tying it to conservative values like local control.

Even though other states have struggled with similar ideas, Florida’s move shows #PublicBanking is gaining some traction across the political spectrum.

https://znetwork.org/znetarticle/floridas-conservative-cfo-proposes-state-owned-public-bank/

#NewJersey's Governor proposed a state-owned #PublicBank for social good. Despite obstacles, a Social Impact Investment Fund was established.

Other states like California and cities like Los Angeles and San Francisco are also moving towards #PublicBanking. Philadelphia has passed a law for a municipal bank. Nationally, there's interest in a government-owned National Infrastructure Bank. North Dakota already has a successful public bank model.

#economy #banking
https://znetwork.org/znetarticle/public-banking-takes-a-step-forward-in-new-jersey/

Ellen Brown on the #PublicBank That Wasn’t: New Jersey’s Excursion into #PublicBanking
#NewJersey
https://scheerpost.com/2024/03/08/ellen-brown-on-the-public-bank-that-wasnt-new-jerseys-excursion-into-public-banking/

During the campaign, Howie Hawkins was asked about #publicbanking and Howie replied, in part, "The biggest national #banks should be socialized."

Read the post at (https://howiehawkins.us/from-the-mailbag-financing-the-ecosocialist-green-new-deal/)
#EcoSocialist #GreenSocialist #EcoSocialism #Socialist #GreenParty #Socialism #Marxism #GreenSocialism #Revolution #Peace #Ecology #SocialJustice #Democracy #Money #SocializeBanks #Politics

12/13/2023: Tlaib, Ocasio-Cortez Introduce #PublicBanking Act, which facilitates the creation of state and local #PublicBanks
The bill establishes a robust federal regulatory framework, grant programs, and financial infrastructure to promote public banks and ensure their success. The bill also mandates minimum standards for public banks relating to environmental justice, tenant protections, labor standards, democratic governance, and consumer data privacy. @reprashida @aoc
https://tlaib.house.gov/posts/tlaib-ocasio-cortez-introduce-public-banking-act

New #PublicBanking video from US Solidarity #Economy Network & California Public Banking Alliance:

“We're excited to share a new video that will shape the future of your community and pave the way for economic prosperity. As passionate advocates in this ongoing journey, our latest explainer video shows the transformative potential of public banks and how they prioritize people over profits and drive #community-focused projects.”

#peopleoverprofit
https://www.youtube.com/watch?v=HooU2qC4qxo

@ngaylinn Maybe USPS banking is a solution - USPS leadership is fighting against it, which probably means it's a good idea.
https://inequality.org/research/people-centered-postal-banking/

#publicBanking #USPS

BIG NEWS– The Friends of Public Bank East Bay have:

• Hired a highly experienced & committed start-up CEO, Scott Waite
• Confirmed two stellar co-chairs, Jennifer Esteen, R.N. and Paulina Gonzalez-Brito, to lead the slate of board candidates
• Raised our first million dollars, and are embarking on the second million

Read our full press release & check out the videos from PBEB leadership on our website!
http://www.PublicBankEastBay.org/recent-activity

#PublicBanking
#JustTransitions
#EastBayEconomics

BIG NEWS– The Friends of Public Bank East Bay have:

• Hired a highly experienced & committed start-up CEO, Scott Waite
• Confirmed two stellar co-chairs, Jennifer Esteen, R.N. and Paulina Gonzalez-Brito, to lead the slate of board candidates
• Raised our first million dollars, and are embarking on the second million

Read our full press release & check out the videos from PBEB leadership on our website!
http://www.PublicBankEastBay.org/recent-activity

#PublicBanking
#JustTransitions
#EastBayEconomics

#USA #Banking #Finance #PublicBanking: "By killing Omarova’s nomination out of fear of what she might do as comptroller, the banking sector may have inadvertently given space to her more radical proposals for overhauling our financial system. Earlier this year, in a New York Times op-ed, Omarova suggested the government take a “golden share” in systemically significant banks, giving it specific rights that would allow it to gain insight into operations, discipline bank management, intervene to propose or block certain actions, and generally help manage the risk financiers have assumed at great cost to the public.

The spectacle of the nomination fight, and the banking crisis in Silicon Valley earlier this year, have come at a time when people are searching for ideas about the public purpose of various institutions and economic activities. What role should finance play in building out public goods and services? What role should the public play in technological development? What sort of activities should be legal, illegal, heavily curtailed, or experimented with?

The new openness to industrial policy offers an opportunity to pursue bolder strategies to rid us of the parasites that dominate our political and economic system. A National Investment Authority that could lend or guarantee private debt, set up a public equity fund, pursue development goals with an infrastructure bank, and rescue institutional investors from the hunt for excessive returns would help starve the beasts that loom over Palo Alto, and the horde that profits from the destruction of our planet."

https://www.dissentmagazine.org/article/saule-omarovas-plan-to-remake-the-financial-system/

Is anyone at #Socialism2023 in #Chicago? The in-person speaker schedule looked great. I wasn’t as inspired by the virtual conference program, but I’ll take another look: it starts tomorrow. More #socialists are considering “non-reformist reforms”, such as #PublicBanking and #ParticipatoryBudgeting and even —gasp! — #Cooperatives. Cheers to the #SolidarityEconomy and all the ways we can do #PeopleCare and #FutureCare and #EarthCare. #Love #BoundlessRegenerativeCulture #permaculture

Status of the #publicbanking initiative in Central California: https://peopleforpublicbanking.com/?link_id=1&can_id=4af0487c90d6a14f2f793eed47e6c0dc&source=email-momentum-builds-for-public-banking-in-california&email_referrer=email_2028980&email_subject=momentum-builds-for-public-banking-in-california

#centralcalifornia #santacruz #watsonville #monterey

#PublicBanks : An Important Idea Whose Time Is Overdue
"This is precisely why many New York-based Community Development Financial Institutions (CDFIs) – including Genesee Co-op Federal Credit Union, Lower East Side People’s Federal Credit Union ($89.5 million, New York), Cooperative Federal Credit Union ($35 million, Syracuse), and Neighborhood Trust Federal Credit Union ($17.7 million, New York) – are fighting to bring #PublicBanking to New York."
https://www.cutimes.com/2023/07/24/public-banks-an-important-idea-whose-time-is-overdue/?slreturn=20230625102156

California passed a public banking law. Los Angeles is finally about to get one to serve the public interest rather than corporate greed.
#LosAngeles #PublicBanking #Urbanism #Cities
https://www.latimes.com/california/story/2023-07-06/city-council-launches-process-in-creating-a-public-bank