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What If Banks Were Publicly Owned? In LA, This May Soon Be A Reality.

What If Banks Were Publicly Owned? In LA, This May Soon Be A Reality.

Huffington Post – By David Dayen. Voters will decide in November whether to take city money out of the hands of big banks. Trinity Tran is a powerful speaker. Addressing a rally in downtown Los Angeles for New York congressional nominee Alexandria Ocasio-Cortez, the 33-year-old activist and organizer thundered, “We are witnessing the emergence of […]

California Democratic Party Passes Public Banking Resolution

California Democratic Party Passes Public Banking Resolution

Medium – By Ben Hauck. On July 15th 2018, the California Democratic Party (CDP) passed a resolution supporting socially and environmentally responsible, state-chartered public banks. The state party resolution is a significant milestone for the public banking movement, as the CDP represents over 8.7 million registered Democrats. The resolution was originally presented by Feel the […]

A Public Bank for Los Angeles? City Council Puts It to the Voters.

A Public Bank for Los Angeles? City Council Puts It to the Voters.

Truthout – By Ellen Brown. Cities and states are seeking ways to better leverage taxpayer dollars and reinvest them in the needs of local communities. Voters in Los Angeles will be the first in the country to weigh in on a public banking mandate, after the City Council agreed on June 29th to put a […]

Public Banking Will Be on the Ballot in L.A. this Fall

Public Banking Will Be on the Ballot in L.A. this Fall

Next City – By Alejandra Molina. The Los Angeles City Council is moving forward with a proposed ballot measure that would ask voters this fall whether they want to create a publicly owned bank. In a unanimous vote, council members on Tuesday, June 26, gave the go-ahead to begin the process of adding a measure […]

Public Banking: The End Goal of the Divestment Movement

Public Banking: The End Goal of the Divestment Movement

LA Progressive – By Phoenix Goodman. Something big is starting to happen in the world of activism. Grassroots campaigns are beginning to coalesce into coherent, focused missions with definable outcomes. The Divest campaign is a classic example of how the People can have a tangible effect on society by speaking the language of the dominating […]