A former top Federal Reserve policy adviser, and the president of the Federal Reserve Bank of Minneapolis, have stunned the banking world by calling for public banks and the breakup of big banks.Read more
The Public Banking Institute does not endorse, nor discourage the endorsement of, any particular candidates for public office. What we do instead is evaluate the individual policies of myriad candidates. We know that banking reform is a top priority of the two leading Democratic candidates. Hillary Clinton is rightly perceived to be a few degrees less radical than Bernie Sanders in her approach to banks. She would not restore Glass Steagall, nor would she proactively break up the big banks. What would she do?Read more
Colorado’s diverse economy, recently given a boost by revenue from legal marijuana distribution, is generally in good shape. But as of early 2016. Denver Public Schools, the largest school district in the state, was hobbling economically, cutting as many as 170 faculty and staff positions.Read more
After years of watching cities finance their budgets and beat up on the poor by throwing people in jail for unpaid fines, tickets, and other public debts, the U.S. Department of Justice is finally taking action.Read more
In recent months, the Public Banking Institute has had to clarify to some of our supporters and followers who post messages on our social media and other public forums, that we strongly reject without exception any derogatory statements or hints of racist, anti-Semitic, and anti-Islamic rhetoric in connection with financial, monetary and banking reform movements worldwide.Read more
What does it say when a former hip hop innovator, who now makes money off the backs of poor people with his predatory financial products, declares himself "to the left of Bernie Sanders," and then endorses Hillary Clinton?
We don't endorse or attack candidates at PBI. We want everyone thinking about public banks--including public consumer banks like postal banks--and we think that unchecked privatization of financial services and a huge shareholder profit motive hurt governments, communities, small businesses, and people. We feel the same way about predatory payday lenders as we do about the Wall Street firms robbing billions of dollars from our cities and states. In both instances we ask: Why do we allow these private entities to run so many things?Read more