Is anyone at #Socialism2023 in #Chicago? The in-person speaker schedule looked great. I wasn’t as inspired by the virtual conference program, but I’ll take another look: it starts tomorrow. More #socialists are considering “non-reformist reforms”, such as #PublicBanking and #ParticipatoryBudgeting and even —gasp! — #Cooperatives. Cheers to the #SolidarityEconomy and all the ways we can do #PeopleCare and #FutureCare and #EarthCare. #Love #BoundlessRegenerativeCulture #permaculture

Status of the #publicbanking initiative in Central California: https://peopleforpublicbanking.com/?link_id=1&can_id=4af0487c90d6a14f2f793eed47e6c0dc&source=email-momentum-builds-for-public-banking-in-california&email_referrer=email_2028980&email_subject=momentum-builds-for-public-banking-in-california

#centralcalifornia #santacruz #watsonville #monterey

#PublicBanks : An Important Idea Whose Time Is Overdue
"This is precisely why many New York-based Community Development Financial Institutions (CDFIs) – including Genesee Co-op Federal Credit Union, Lower East Side People’s Federal Credit Union ($89.5 million, New York), Cooperative Federal Credit Union ($35 million, Syracuse), and Neighborhood Trust Federal Credit Union ($17.7 million, New York) – are fighting to bring #PublicBanking to New York."
https://www.cutimes.com/2023/07/24/public-banks-an-important-idea-whose-time-is-overdue/?slreturn=20230625102156

California passed a public banking law. Los Angeles is finally about to get one to serve the public interest rather than corporate greed.
#LosAngeles #PublicBanking #Urbanism #Cities
https://www.latimes.com/california/story/2023-07-06/city-council-launches-process-in-creating-a-public-bank

#PublicBanking Efforts Are Gaining Momentum And Clarity In #California
https://nextcity.org/urbanist-news/public-banking-efforts-are-gaining-momentum-and-clarity-in-california

Support urging transparency on the #CalAccount market analysis RFP selection process to provide free basic banking services to nearly 10 million un/underbanked Californians in underserved communities of color.
"#California #PublicBanking Alliance
@calpba
Jun 16
Thanks for supporting #AB1177 to help 10M+ unbanked Californians with free checking. Today, we need your help. We're concerned about lack of transparency in selecting firm for the #CalAccount market analysis." If you would like to join us at the committee hearing, it will take place at the Paul Bonderson Building, 901 P Street Room 102, Sacramento, CA 95814 at 1:30 pm on Wednesday, June 21. The meeting agenda is here:
https://californiapublicbankingalliance.org/news/urgent-action-to-support-free-banking-in-california/

From Trinity Tran: Pretty much everything you need to know about the basics of public banking in about 9 minutes—I did a deep dive for @IFTF, covering the core concept and its many benefits. I discuss both of our landmark #PublicBanking bills. #PublicBank #California https://link.medium.com/6xJsYJt7zzb

Thanks to #berkeleyca for approving our viability study and moving forward with us! #publicbanking #economicjustice #localmoney #banksafety

The collapse of #SiliconValleyBank left low-income communities without billions in promised lending, despite the federal bailout that benefited the bank's wealthy depositors and new owner.

We need #PublicBanksNow

#BankingCrisis #PublicBanks
#PublicBank #PublicBanking #SVB #SignatureBank
https://www.levernews.com/regulators-stiffed-low-income-communities-in-silicon-valley-bank-bailout/

From @NextCityOrg :
Lifting or eliminating the cap on FDIC insurance for banks could be part of the response to the current #BankingCrisis. Here’s what it could mean for local, community and #PublicBanks .
#PublicBank #PublicBanking
https://nextcity.org/urbanist-news/removing-the-federal-deposit-insurance-cap-could-transform-local-public-ban

The #SVB and #SignatureBank Crashes Show Why We Need #PublicBanking https://truthout.org/articles/the-svb-and-signature-bank-crashes-show-why-we-need-public-banking/?utm_campaign=Truthout+Share+Buttons via @truthout

Build Public Banks as Response to SVB & Signature Bank Failures, by @nathansnewman
#PublicBank #PublicBanking #SVB #SVBcrash #SVBcollapse #SVBBank #SVBfail
https://open.substack.com/pub/nathannewman/p/build-public-banks-as-response-to?utm_campaign=post&utm_medium=web

Promoting Economic Democracy in Oregon Through #PublicBanking
Today is the last of a 3-Day Symposium
March 23rd-25th, 2023
#Free | #Public | #Hybrid
@publicbankla @PublicBankNYC @publicbankeb @calpba @sfpublicbank @tran_scends @JamesOfsink @julia4pdx @ThomasMHanna
https://ourmoneyourfuture.org/

Energy #efficiency, #HeatPumps, and rooftop #solar, besides being #climate-friendly, can save a lot of money in the long run. But the upfront cost is a major barrier. #GreenBanks can help.

"Green banks can be public, quasi-public or nonprofit institutions. Many state-level green banks have focused much of their work in low- to moderate-income communities, which have the greatest need for #energy upgrades and the least access to #financing.

#PublicBanking
https://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2023/01/09/green-banks-poised-for-billions-in-climate-funds-draw-states-attention

Hello, friends! I hope you're all doing well.

Here's this week's #Substack over at "The Progressive Cafe," talking about #PublicBanking and how it would be good for people!

https://theprogressivecafe.substack.com/p/how-can-public-banking-make-peoples

@dcent
Interesting… An issue with #publicBanking is how to choose who to lend to but a #nonLendingBank takes away that problem.

A novel idea!

We've been saying for some time that to remain relevant in 21st century #banks could act more as a #recruitment service. They can aim to help a person find meaningful work — good for bank and #jobSeeker.

Also we think they should become #keystores for public #encryption keys.

Would that fit with your vision? If you don't mind, what country are you in?

@mauro
Sounds nice that you are surrounded by enthusiasts artists. Lucky you! Just do the research when you need to keep that sober outlook.

We think #bitcoin is an important base layer but it is not ideal for small payments and so its important to keep a level head and know that we might not be able to remove all the trust from #banking and #finance, but that their power to suck value from us will be severely diminished – it may even mean #publicBanking.

This itself is exciting.

1/2

If you're in NYC and didn't know about a push for a municipal bank, now you do... get involved if it's something you'd like to see!

https://www.publicbanknyc.org/about

#nyc #NewYorkCity #PublicBanking