Looks great to us! And yes, that’s our own Sylvia Chi on the panel.
In November, voters in Los Angeles have the opportunity to clear a path for a Los Angeles public bank, by voting YES on Charter Amendment B. Phoenix Goodman, one of the founders of the California Public Banking Alliance, wrote a fine article on why this matters. Phoenix gives four strong reasons, each of which is … Read morePublic Banking Ballot Measure in Los Angeles
On Wednesday, April 25, Public Bank SF organized an action to coincide with the Bank of America’s shareholder meeting in San Francisco. We gathered at a Bank of America branch near San Francisco City Hall. The banker/cowards, as they always do, locked the bank an hour before the scheduled start time–because divestment and public bank … Read moreSuccessful San Francisco Action
We are delighted to be part of the brand-new California Public Banking Alliance! The Alliance so far consists of public banking advocate groups in: Los Angeles San Francisco Oakland Santa Rosa Santa Barbara Humboldt County Our first task together will be to get the State of California to adopt a “unique charter,” which will be … Read moreCalifornia Public Banking Alliance Forms!
Sylvia Chi, who has been laboring in the fields of public bank governance as part of our governance committee, has written an excellent article on divestment from fossil fuels for Yes! Magazine. [Despite] the Trump administration’s multipronged effort to undercut environmental protections and boost fossil fuel production and use, which would exacerbate climate change. States, … Read moreAwesome Divestment Article — by one of our own
Newly elected New Jersey Governor Phil Murphy has already arranged for two state senators to propose legislation which moves his public bank campaign promises forward. How rare is that? Directly following [Murphy’s] swearing in last week, State Senators Nia Gill and Richard Codey introduced the State Bank of New Jersey Act at the beginning of … Read moreNews from New Jersey, Video from Los Angeles
We should have mentioned in the last update post that incoming New Jersey governor Phil Murphy, a public banking advocate, has appointed his banking and insurance commissioner, Marlene Caride. Caride, who is Cuban-American, is leaving her position in the New Jersey Assembly to take this job. She is Cuban-American, and supports a state-run bank. Rather … Read moreMore Public Banking News Already
Next City calls public banking the best urban trend of 2017 Bye Wells Fargo, Hello Public Banks In the wake of former Wells Fargo CEO John Stumpf’s disastrous 2016 testimony before the U.S. Senate, Philadelphia began exploring divestment. This year, the city joined the ranks of Oakland, Berkeley, Richmond and San Francisco in moving forward … Read more2017 Changes to 2018: Public Banking Surges
The amazing Ellen Brown has been talking about public banking for years. She has published two excellent brand-new articles in the last couple of weeks. How Public Ownership Could Revive Community Banks: You don’t expect Ellen Brown (or any of us) to be favorably quoting the current Treasury Secretary, Stephen Mnuchin, but for once we … Read morePeople Are Talking about Public Banking!
On Monday, October 23, several of the Friends of the Public Bank joined the Divest the Globe – Huichin action in downtown Oakland, sponsored by our friends at Defense of Mother Earth–Huichin, as part of a three-day global action timed to coincide with the meeting of 92 major global banks in São Paolo, Brazil. The … Read moreFriends of the Public Bank Join #DivesttheGlobe