Have a question? Here are answers to some of the most frequently asked questions about public banks:
- Q: What precedent is there for public banking in the US?
- Q: Who would benefit from a public bank?
- Q: What problems do public banks solve?
- Q: Won't greedy politicians just use a public bank to fund pet projects and line their pockets?
- Q: Will a public bank compete with local banks?
- Q: Why are some banks opposed to public banking?
- Q: How could a public bank help an economically struggling city or state?
- Q: Can't cities and states just deposit their funds into a credit union? Wouldn't that amount to the same thing?
- Q: Would a public bank require a city or state to raise new funds through taxes?
- Who will set policy for public banks? Who decides whether to approve loans? How are decision makers insulated from bribes and pressure from politicians and business interests?
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