View source for Idea: A Municipal Bank For Philadelphia

This Wikidelphia idea page asks, '''Why can't Philadelphia have its own bank?'''

* Let's think, how can the City save money and earn money by creating its own bank? 
* See the [http://www.publicbankingpa.org Pennsylvania Public Bank Project] to connect with the people who are working on a bank for Philadelphia as well as a bank for Pennsylvania. 
* Consider the [http://www.publicbankingpa.org/images/rocketlauncher/PDF/Benefits%20for%20Cities%20and%20Towns.pdf Benefits For Cities and Municipalities Of a Public Bank]''' (PDF).

==Public Banks Are ...==
*Viable solutions to the present economic crises in US states.
*Potentially available to any-sized government or community able to meet the requirements for setting up a bank.
*Owned by the people of a state or community.
*Economically sustainable, because they operate like private banks.
*Able to offset tax increases with returned credit income to the community.
*Ready sources of credit for local governments, eliminating the need for large “rainy day” funds.
*Required to promote the public interest, as defined in their charters.
*Constitutional, as ruled by the U.S. Supreme Court.

==More==
*Movement Website:&nbsp;[http://www.publicbankinginstitute.org/ Public Banking Insitute]: A national movement to help states set up their own banks.
*Article:&nbsp;[http://wallstreetonparade.com/2013/08/public-banking-institute-calls-largest-wall-street-banks-%e2%80%9cunsafe%e2%80%9d-and-backs-it-up/ Public Banking Institute Calls Largest Wall Street Banks "Unsafe," and Backs It Up], Wall Street On Parade, August 29, 2013.
<br><br> [[Category:Is-Idea_Page]] [[Category:Issue-City_Finance]][[Category:Issue-City_Government]][[Category:Issue-Banking]] [[Category:Issue-Money]][[Category:Issue-Municipal Banking]][[Category:Issue-Public Banking]]