Reclaim Our Economy from Wall Street - Public Banking 2013

[Capt Bringdown]

Birgitta Jonsdottir, Matt Taibbi, Ellen Brown and Gar Alperovitz have a conversation about Reclaiming Our Economy from Wall Street with Public Banking.


http://www.youtube.com/watch?v=-RF9COa2zA0

[boutons_deux]

Apparently, TX already has "public banking" equivalent of the Bank of North Dakota, so no need in TX.

j/k

[Winehole23]

weed, infrastructure and profits returned locally:


the appeal of public banks extends beyond consumer protection to sound fiscal policy. The argument, as articulated by Demos in a 2011 report (https://www.demos.org/sites/default/files/publications/Demos_NationalBankPaper.pdf), says banks can offer lower debt costs to city and state governments, fund public infrastructure projects, and encourage entrepreneurship by providing loans to small businesses at lower interest rates and with lower fees (http://inthesetimes.com/article/20044/the-fight-for-public-banking).https://newrepublic.com/article/150594/public-banks-suddenly-popular

[boutons_deux]

public banking will be blocked by BigFinance

"it's too good to be ... " done in USA

it's a Public Good, therefore a non-starter

[Winehole23]

LA is having a vote, I hear weed is pretty popular there

[boutons_deux]

:lol

The Trump Administration Just Found a New Way to Hand Big Banks Even More Money

https://splinternews.com/the-trump-administration-just-found-a-new-way-to-hand-b-1828208943

Trash keeping yet another campaign promise :lol