Even mainstream outlets are starting to write good things about public banking. Irina Ivanova writes an excellent article for CBS’s MoneyWatch on the eve of the #YesOnB vote.
“‘The purpose of all this is to bring democracy to finance, in a way that respects the public trust. No longer, at least in Los Angeles, do we think city borrowing should be the basis for the investment industry,’ said David Jette, legislative director for Public Bank LA, a volunteer effort backing Proposition B. PBLA was among the activist groups that succeeded in making Los Angeles pull city money out of Wells Fargo after its bogus-accounts scandal and subsequent public shaming.”
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