Public Banking


02

Mar 2021

Bring our money home. Philly needs a public bank.

Op-Ed by Vanessa Lowe and Stanley Shapiro published in Philadelphia Inquirer, March 2, 2021 Solutions to the looming $450 million hole in the city budget have been narrowly focused on tax increases and cuts to essential services, but a public bank could change the conversation. With democratic control, strict ethical standards, and public oversight, a public bank...

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22

Feb 2021

Public Banking Forum

Join Derek Green at Public Banking Forum Tomorrow -Tuesday, Feb. 23rd @ 4:30 PM The Philadelphia Public Banking Coalition will be launching its first ½-hour program called, “Financing Philadelphia’s Future” hosted by Councilmember Derek Green tomorrow,  Tuesday, Feb. 23rd at 4:30. This monthly meeting will take place on the last Tuesday of every month in...

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10

Sep 2020

Philly First Town Hall on Public Banking

The Philadelphia Public Bank Coalition held its first Town Hall on September 1, 2020, to explore the ways a municipally owned bank could address the critical needs of our city in these times, and to support Councilmember Derek Green’s legislative initiative this Fall. The event highlighted the relationship between the private finance industry and institutional racism, lifting...

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17

Aug 2020

TOWN HALL: WHY PHILADELPHIA NEEDS A PUBLIC BANK

Wouldn’t it be nice if Philly cut its ties with Wall Street Vultures? You remember, the firms that plundered the economy a mere decade ago – the ones we had to bail out with our money? Do you think we should also cut those ties because of the incredible record of institutional racism by the...

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14

Mar 2019

Join Us at Council to Lobby for a Public Bank

What if the City had its own bank and no longer had to leave its billions of reserve dollars to the tender mercies of Wall St? Pipe dream? Hardly.  A public bank was established in North Dakota 100 years ago, and it’s still going strong. It can happen here in Philly, if we have the will...

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15

Dec 2017

New NJ Treasurer Supports Public Banking

New Jersey Governor-elect Phil Murphy, who made public banking part of his election platform, has just named Democratic Assemblywoman Eliabeth Maher Muoio to the post of State Treasurer.  Assemblywoman Muoio is a supporter of public banking and her appointment to this critical post in the Garden State promises to move the concept of public banking...

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05

Jul 2017

Philadelphia Says ‘Bye-Bye’ to Wells Fargo: Is the Next Step a Pubic Bank?

More and more local governments are divesting from Wells Fargo after multiple scandals. Philadelphia recently jumped ship and left Wells Fargo. Philadelphia is also one of public banking’s rising stars. This NextCity article, Amid Divestment Protests, More Cities Explore Public Banking, focuses on the Philadelphia situation and the movement that is gaining momentum.  The article...

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