Santa Clara County’s board of supervisors voted unanimously to study how they might create a county-owned public bank, San Jose Spotlight reports. The move follows one by San Jose, the county seat and largest city, whose council members have also signed on, at least tentatively, to the idea....
Nomi Prins pens this powerful piece on why #AB857 and public banks can help curb abusive big banks. As a former Goldman Sachs executive, she has witnessed Wall Street’s recklessness firsthand and understands why it’s important to enable localities to create public banks to use local...
By Mark Anderson – Staff Writer, Sacramento Business Journal. California lawmakers have considered allowing public banks several times, starting in the depths of the financial crisis. The city of Los Angeles and the city and county of San Francisco on Tuesday approved support for an assembly...
The public banking revolution has arrived! In Ellen Brown’s latest article, she discusses the I-Bank bill #SB528, our cities and regional public banking bill #AB857, and the momentum gaining around the country as policymakers race to form the first public bank in the United States since...
On Tuesday morning, the Los Angeles City Council passed a resolution introduced by LA City Council President Herb J. Wesson in support of AB 857 – a bill to give California cities and municipalities the option to start their own public bank. Arguing for the measure, City Council President...
Today on Flashpoints: The push for a public bank in California. Trinity Tran and Sushil Jacob with the California Public Banking Alliance talks to KPFA’s Dennis J. Bernstein about the groundbreaking California State Assembly Bill AB 857, the growing public banking movement and why this is...
Two California Democratic lawmakers have introduced a bill that would develop a state-owned banking system, modeling it on a program run by one of the smallest states in the union. California Assemblymen Miguel Santiago, D-Los Angeles, and David Chiu, D-San Francisco, have introduced Assembly...
FOR IMMEDIATE RELEASE Los Angeles, CA/San Francisco, March 11, 2019 – Asm. Miguel Santiago (D-Los Angeles) and Asm. David Chiu (D-San Francisco) held press conferences in their respective districts on Monday to introduce a new bill that will make it easier to establish regional and...
Originally posted in Medium. Dianne Feinstein, our Senator, had a viral moment on Friday, February 22, when a video circulated online of her lecturing Bay Area children about why she does not support the Green New Deal. The children were her constituents, on a visit to her office as part of an...
The Board of Supervisors urged the state to create a public banking charter on Tuesday, its first formal show of support for a movement to break from Wall Street. Supervisors unanimously co-sponsored and approved a resolution that backs publicly-owned bank and called for state legislators to...