Millions of California Democrats Back Public Banking

Millions of California Democrats Back Public Banking

Democrats statewide realize the importance of establishing a public banking option for municipalities. Currently, local jurisdictions are forced by the limitations of local banks and credit unions to entrust their funds to Wall Street banks. These are the very same banks that drove the US and global economies to the edge of collapse in 2008 with their greedy speculation and, often fraudulent, banking practices.

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