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November 28, 2014
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Tag: Public Banks


Enough Is Enough: Fraud-Ridden Banks Are Not L.A.’s Only Option

JPMorgan Chase has been involved in more than a dozen felonies. Why are we still doing business with it?

Posted on Jan 30, 2014 READ MORE



AP/Richard Drew

Overthrow the Speculators

There will never be significant economic reform until megabanks are replaced by a network of state- and city-owned public banks. The revolution must be local.

Posted on Dec 29, 2013 READ MORE



Images_of_Money (CC BY 2.0)

Hundreds Gather for Public Banking and Economic Justice

Earlier this month, leading scholars, activists and other concerned people met in San Rafael, Calif., to explore the idea of public banks: democratically run, fiscally transparent institutions designed to serve community stakeholders rather than capital shareholders.

Posted on Jun 23, 2013 READ MORE


Banking: From Public to Private and Back Again

Once upon a time American banks supported the economy by financing the growth and development of industry. For the last many decades they’ve had the opposite effect by plowing money into existing assets and loading the economy down with debt. The consequences have been disastrous, economist Michael Hudson told The Real News Network this week.

Posted on Mar 30, 2013 READ MORE



Max F. Williams (CC BY 2.0)

Why Is Socialism Doing So Well in Deep-Red North Dakota?

North Dakota’s thriving state bank makes a mockery of Wall Street’s casino banking system—and that’s why financial elites want to crush it.

Posted on Mar 30, 2013 READ MORE



eflon (CC BY 2.0)

The Confiscation Scheme Planned for U.S. and U.K. Depositors

Confiscating customer deposits in Cyprus banks was not a one-off, desperate idea of a few eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the U.S. Federal Deposit Insurance Corporation and the Bank of England, dated Dec. 10, 2012, shows these plans have been long in the making.

Posted on Mar 28, 2013 READ MORE


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