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Public Banking Institute News: April 26, 2017

 

 Dogging Democracy’s Future: TISA is Back — A Threat to Public Banks 

A cousin to the dreaded TPP “trade” pact, TiSA (Trade in Services Agreement) is being resurrected by unrelenting global corporatists who see it as a way to expand and consolidate their financial control. Defeated by American popular demand last Fall, the secretive TPP and its TiSA partner proposed a labyrinth of ways to put profiteering interests over public interests.  Now it’s back, and directly threatens public banking.    the global corporate interests pushing the deals, which would produce a significant expansion of private financial power.  Dr. Thomas Marois, Senior Lecturer at the University of London and an expert on public banks, makes the case clear.

Not To Be Left Alone By The Bay, San Francisco Throws In

With Oakland, Berkeley, Richmond and other municipalities around San Francisco’s bay moving forward on consideration of public banks for their communities, San Francisco is revisiting the issue, particularly with the cannabis industry on the doorstep.

PBI National Conference Comes to Princeton! 

“The Public Bank Solution: Funding a Sustainable Future” will bring many notable national speakers and much attention to the momentum for creating public banks around the country. Make plans now to be a part of this important gathering! More details will be forthcoming soon. Set the date aside now to be there!

Dirty Deals! How Wall Street Banks Screw American Cities and States

“Dirty Deals” is the name of a definitive report about Wall Street’s interactions and financing contracts with cities, counties and states nationwide. It’s a gloves-off look at the many ways public entities are forced to acquiesce to abusive usury in their private-bank-capital  borrowing practices for public projects and how we can take effective steps to reverse them. Saqib Bhatti, co-director of Action Center on Race and the Economy (ACRE), discusses why these core financing issues are driving governments around the country to consider public banking and in-house financing mechanisms, and why some of them don’t want to.

 

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