Cities and States Prefer Public Banks To Wall Street
Profits Can Stay In State, Provide Local Funding
By John Lawrence
Alarmed by the corruption and greed of Wall Street, many US cities and states are studying the feasibility of establishing public banks. Public banks are owned by cities, states or other jurisdictions and serve to keep funds local instead of being deposited on Wall Street. The funds are then used to support local economic activities like small business loans and student loans.
Washington state has already cut its ties with Wells Fargo because they funded …

Can you imagine a day without a woman?












Recent Comments