The Case for a Philadelphia Public Bank - Revision history

https://wikidelphia.org/index.php?action=history&feed=atom&title=The_Case_for_a_Philadelphia_Public_Bank The Case for a Philadelphia Public Bank - Revision history 2026-07-27T02:47:20Z Revision history for this page on the wiki MediaWiki 1.45.1 https://wikidelphia.org/index.php?title=The_Case_for_a_Philadelphia_Public_Bank&diff=63881&oldid=prev Stan at 20:00, 29 September 2020 2020-09-29T20:00:59Z

<p></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 16:00, 29 September 2020</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l10">Line 10:</td> <td colspan="2" class="diff-lineno">Line 10:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''The Bank of North Dakota''', founded in 1919 provides a model in this country for the benefits of a public bank. State assets are used to capitalize the Bank and all the state’s revenues are deposited there. North Dakota was the only state to come through the 2008 recession unscathed. In 2010, it had the lowest unemployment and home foreclosure rates in the country as well as the most community banks per capita. The Bank makes low interest loans to students, existing small businesses and start-ups; supports local governments by buying municipal bonds; has demonstrated its ability to respond quickly to natural disasters; and returned over $300 million to the state’s general fund in the last decade. '''Hundreds of public banks, managed according to many different models, are providing similar benefits throughout the world.'''</big></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''The Bank of North Dakota''', founded in 1919 provides a model in this country for the benefits of a public bank. State assets are used to capitalize the Bank and all the state’s revenues are deposited there. North Dakota was the only state to come through the 2008 recession unscathed. In 2010, it had the lowest unemployment and home foreclosure rates in the country as well as the most community banks per capita. The Bank makes low interest loans to students, existing small businesses and start-ups; supports local governments by buying municipal bonds; has demonstrated its ability to respond quickly to natural disasters; and returned over $300 million to the state’s general fund in the last decade. '''Hundreds of public banks, managed according to many different models, are providing similar benefits throughout the world.'''</big></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''In the United States''', most local tax revenues—the public‘s funds—are deposited in large private banks, which charge fees to manage the public’s money, and loan it back at interest for needed projects. Not only is the public essentially paying interest to use their own money, these big banks don’t generally invest locally, and their role the global economic meltdown of 2008 contributed to widespread suffering and increased public debt burden.</big></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''In the United States''', most local tax revenues—the public‘s funds—are deposited in large private banks, which charge fees to manage the public’s money, and loan it back at interest for needed projects. Not only is the public essentially paying interest to use their own money, these big banks don’t generally invest locally, and their role <ins style="font-weight: bold; text-decoration: none;">in </ins>the global economic meltdown of 2008 contributed to widespread suffering and increased public debt burden.</big></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''In sum, a public bank not only makes sound financial sense''', but is also a tool to grow a more resilient, just, and equitable economy. Public banks can drastically cut borrowing costs and bank fees for governments; cut financing costs in HALF for public infrastructure projects by saving on interest payments; support community-based banks; and boost jobs and Main Street. In Philadelphia, the bank can also prioritize building prosperity in unfunded and underfunded communities historically redlined by private banks.</big></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''In sum, a public bank not only makes sound financial sense''', but is also a tool to grow a more resilient, just, and equitable economy. Public banks can drastically cut borrowing costs and bank fees for governments; cut financing costs in HALF for public infrastructure projects by saving on interest payments; support community-based banks; and boost jobs and Main Street. In Philadelphia, the bank can also prioritize building prosperity in unfunded and underfunded communities historically redlined by private banks.</big></div></td></tr> </table>

Stan https://wikidelphia.org/index.php?title=The_Case_for_a_Philadelphia_Public_Bank&diff=63869&oldid=prev Stan at 05:27, 29 September 2020 2020-09-29T05:27:19Z

<p></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 01:27, 29 September 2020</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l15">Line 15:</td> <td colspan="2" class="diff-lineno">Line 15:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''The evidence is overwhelming.''' With everything to gain, and nothing to lose, it’s time for Philadelphia to have its own public bank!</big></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''The evidence is overwhelming.''' With everything to gain, and nothing to lose, it’s time for Philadelphia to have its own public bank!</big></div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">[[Category:Issue-Public Banking]]</ins></div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">[[Category:About-Public Banking]]</ins></div></td></tr> </table>

Stan https://wikidelphia.org/index.php?title=The_Case_for_a_Philadelphia_Public_Bank&diff=63862&oldid=prev Stan at 09:25, 28 September 2020 2020-09-28T09:25:32Z

<p></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 05:25, 28 September 2020</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l1">Line 1:</td> <td colspan="2" class="diff-lineno">Line 1:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>{{SRP}}</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>{{SRP}}</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><div class="center" style="width: auto; margin-left: auto; margin-right: auto;"><big>'''A Public Bank for Public Good'''</big></div></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><div class="center" style="width: auto; margin-left: auto; margin-right: auto;"><big>'''A Public Bank for Public Good'''</big></div></div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''A public bank is a bank that is owned by the people through a city, county, state, or nation.''' It is designed to manage public funds, not the deposits of individuals. Just like other banks, a public bank holds a bank charter and follows rules and regulations. A public bank differs from a for-profit bank in that it is guided by a mission to serve the public good, not to generate profits for private shareholders.</big></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''A public bank is a bank that is owned by the people through a city, county, state, or nation.''' It is designed to manage public funds, not the deposits of individuals. Just like other banks, a public bank holds a bank charter and follows rules and regulations. A public bank differs from a for-profit bank in that it is guided by a mission to serve the public good, not to generate profits for private shareholders.</big></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''A public bank is managed by banking professionals who earn public servants’ wages.''' It is required to be transparent, truthful, and accountable to the public about the ways it manages the public’s funds. It is designed to follow the public’s mission, independent of political meddling and favoritism.</big></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''A public bank is managed by banking professionals who earn public servants’ wages.''' It is required to be transparent, truthful, and accountable to the public about the ways it manages the public’s funds. It is designed to follow the public’s mission, independent of political meddling and favoritism.</big></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''Such a bank can use this pool of public money to fund projects and programs that benefit the public over the long term'''—the very same projects/programs that are currently being cut from state and local budgets. Rather than entrusting public funds to a bank that may gamble with <del style="font-weight: bold; text-decoration: none;">their </del>deposits, a public bank <del style="font-weight: bold; text-decoration: none;">makes </del>conservative investments in local projects and services that are well supported by the community. Communities with public banks have access to low-interest loans. As the loans are paid off, the interest helps grow the bank’s capacity to invest back into the public it serves; it becomes a new source of public revenue.</big></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''Such a bank can use this pool of public money to fund projects and programs that benefit the public over the long term'''—the very same projects/programs that are currently being cut from state and local budgets. Rather than entrusting public funds to a bank that may gamble with <ins style="font-weight: bold; text-decoration: none;">our </ins>deposits, a public bank <ins style="font-weight: bold; text-decoration: none;">would make </ins>conservative investments in local projects and services that are well supported by the community. Communities with public banks have access to low-interest loans. As the loans are paid off, the interest helps grow the bank’s capacity to invest back into the public it serves; it becomes a new source of public revenue.</big></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''The Bank of North Dakota''', founded in 1919 provides a model in this country for the benefits of a public bank. State assets are used to capitalize the Bank and all the state’s revenues are deposited there. North Dakota was the only state to come through the 2008 recession unscathed. In 2010, it had the lowest unemployment and home foreclosure rates in the country as well as the most community banks per capita. The Bank makes low interest loans to students, existing small businesses and start-ups; supports local governments by buying municipal bonds; has demonstrated its ability to respond quickly to natural disasters; and returned over $300 million to the state’s general fund in the last decade. '''Hundreds of public banks, managed according to many different models, are providing similar benefits throughout the world.'''</big></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''The Bank of North Dakota''', founded in 1919 provides a model in this country for the benefits of a public bank. State assets are used to capitalize the Bank and all the state’s revenues are deposited there. North Dakota was the only state to come through the 2008 recession unscathed. In 2010, it had the lowest unemployment and home foreclosure rates in the country as well as the most community banks per capita. The Bank makes low interest loans to students, existing small businesses and start-ups; supports local governments by buying municipal bonds; has demonstrated its ability to respond quickly to natural disasters; and returned over $300 million to the state’s general fund in the last decade. '''Hundreds of public banks, managed according to many different models, are providing similar benefits throughout the world.'''</big></div></td></tr> </table>

Stan https://wikidelphia.org/index.php?title=The_Case_for_a_Philadelphia_Public_Bank&diff=63861&oldid=prev Stan at 09:20, 28 September 2020 2020-09-28T09:20:52Z

<p></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 05:20, 28 September 2020</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l1">Line 1:</td> <td colspan="2" class="diff-lineno">Line 1:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>{{SRP}}</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>{{SRP}}</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><div class="center" style="width: auto; margin-left: auto; margin-right: auto;"><big>'''Public Bank for Public Good'''</big></div></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><div class="center" style="width: auto; margin-left: auto; margin-right: auto;"><big>'''<ins style="font-weight: bold; text-decoration: none;">A </ins>Public Bank for Public Good'''</big></div></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''A public bank is a bank that is owned by the people through a city, county, state, or nation.''' It is designed to manage public funds, not the deposits of individuals. Just like other banks, a public bank holds a bank charter and follows rules and regulations. A public bank differs from a for-profit bank in that it is guided by a mission to serve the public good, not to generate profits for private shareholders.</big></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''A public bank is a bank that is owned by the people through a city, county, state, or nation.''' It is designed to manage public funds, not the deposits of individuals. Just like other banks, a public bank holds a bank charter and follows rules and regulations. A public bank differs from a for-profit bank in that it is guided by a mission to serve the public good, not to generate profits for private shareholders.</big></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> </table>

Stan https://wikidelphia.org/index.php?title=The_Case_for_a_Philadelphia_Public_Bank&diff=63860&oldid=prev Stan at 09:10, 28 September 2020 2020-09-28T09:10:52Z

<p></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 05:10, 28 September 2020</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l1">Line 1:</td> <td colspan="2" class="diff-lineno">Line 1:</td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>{{SRP}}<del style="font-weight: bold; text-decoration: none;">Public Bank for Public Good</del></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>{{SRP}}</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><div class="center" style="width: auto; margin-left: auto; margin-right: auto;"><big>'''<del style="font-weight: bold; text-decoration: none;">The Case </del>for <del style="font-weight: bold; text-decoration: none;">a Philadelphia </del>Public <del style="font-weight: bold; text-decoration: none;">Bank</del>'''</big></div></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><div class="center" style="width: auto; margin-left: auto; margin-right: auto;"><big>'''<ins style="font-weight: bold; text-decoration: none;">Public Bank </ins>for Public <ins style="font-weight: bold; text-decoration: none;">Good</ins>'''</big></div></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''A public bank is a bank that is owned by the people through a city, county, state, or nation.''' It is designed to manage public funds, not the deposits of individuals. Just like other banks, a public bank holds a bank charter and follows rules and regulations. A public bank differs from a for-profit bank in that it is guided by a mission to serve the public good, not to generate profits for private shareholders.</big></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''A public bank is a bank that is owned by the people through a city, county, state, or nation.''' It is designed to manage public funds, not the deposits of individuals. Just like other banks, a public bank holds a bank charter and follows rules and regulations. A public bank differs from a for-profit bank in that it is guided by a mission to serve the public good, not to generate profits for private shareholders.</big></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> </table>

Stan https://wikidelphia.org/index.php?title=The_Case_for_a_Philadelphia_Public_Bank&diff=63858&oldid=prev Stan: Stan moved page Public Bank for Public Good to The Case for a Philadelphia Public Bank: Better title 2020-09-28T09:10:10Z

<p>Stan moved page <a href="/Public_Bank_for_Public_Good" class="mw-redirect" title="Public Bank for Public Good">Public Bank for Public Good</a> to <a href="/The_Case_for_a_Philadelphia_Public_Bank" title="The Case for a Philadelphia Public Bank">The Case for a Philadelphia Public Bank</a>: Better title</p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <tr class="diff-title" lang="en"> <td colspan="1" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="1" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 05:10, 28 September 2020</td> </tr><tr><td colspan="2" class="diff-notice" lang="en"><div class="mw-diff-empty">(No difference)</div> </td></tr></table>

Stan https://wikidelphia.org/index.php?title=The_Case_for_a_Philadelphia_Public_Bank&diff=63857&oldid=prev Stan at 09:09, 28 September 2020 2020-09-28T09:09:27Z

<p></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 05:09, 28 September 2020</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l1">Line 1:</td> <td colspan="2" class="diff-lineno">Line 1:</td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>{{SRP}}</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>{{SRP}}<ins style="font-weight: bold; text-decoration: none;">Public Bank for Public Good</ins></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><div class="center" style="width: auto; margin-left: auto; margin-right: auto;"><big>'''The Case for a Philadelphia Public Bank'''</big></div></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><div class="center" style="width: auto; margin-left: auto; margin-right: auto;"><big>'''The Case for a Philadelphia Public Bank'''</big></div></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''A public bank is a bank that is owned by the people through a city, county, state, or nation.''' It is designed to manage public funds, not the deposits of individuals. Just like other banks, a public bank holds a bank charter and follows rules and regulations. A public bank differs from a for-profit bank in that it is guided by a mission to serve the public good, not to generate profits for private shareholders.</big></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''A public bank is a bank that is owned by the people through a city, county, state, or nation.''' It is designed to manage public funds, not the deposits of individuals. Just like other banks, a public bank holds a bank charter and follows rules and regulations. A public bank differs from a for-profit bank in that it is guided by a mission to serve the public good, not to generate profits for private shareholders.</big></div></td></tr> </table>

Stan https://wikidelphia.org/index.php?title=The_Case_for_a_Philadelphia_Public_Bank&diff=63856&oldid=prev Stan at 09:07, 28 September 2020 2020-09-28T09:07:17Z

<p></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 05:07, 28 September 2020</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l9">Line 9:</td> <td colspan="2" class="diff-lineno">Line 9:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''The Bank of North Dakota''', founded in 1919 provides a model in this country for the benefits of a public bank. State assets are used to capitalize the Bank and all the state’s revenues are deposited there. North Dakota was the only state to come through the 2008 recession unscathed. In 2010, it had the lowest unemployment and home foreclosure rates in the country as well as the most community banks per capita. The Bank makes low interest loans to students, existing small businesses and start-ups; supports local governments by buying municipal bonds; has demonstrated its ability to respond quickly to natural disasters; and returned over $300 million to the state’s general fund in the last decade. '''Hundreds of public banks, managed according to many different models, are providing similar benefits throughout the world.'''</big></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''The Bank of North Dakota''', founded in 1919 provides a model in this country for the benefits of a public bank. State assets are used to capitalize the Bank and all the state’s revenues are deposited there. North Dakota was the only state to come through the 2008 recession unscathed. In 2010, it had the lowest unemployment and home foreclosure rates in the country as well as the most community banks per capita. The Bank makes low interest loans to students, existing small businesses and start-ups; supports local governments by buying municipal bonds; has demonstrated its ability to respond quickly to natural disasters; and returned over $300 million to the state’s general fund in the last decade. '''Hundreds of public banks, managed according to many different models, are providing similar benefits throughout the world.'''</big></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>*<big>In the United States, most local tax revenues—the public‘s funds—are deposited in large private banks, which charge fees to manage the public’s money, and loan it back at interest for needed projects. Not only is the public essentially paying interest to use their own money, these big banks don’t generally invest locally, and their role the global economic meltdown of 2008 contributed to widespread suffering and increased public debt burden.</big></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>*<big><ins style="font-weight: bold; text-decoration: none;">'''</ins>In the United States<ins style="font-weight: bold; text-decoration: none;">'''</ins>, most local tax revenues—the public‘s funds—are deposited in large private banks, which charge fees to manage the public’s money, and loan it back at interest for needed projects. Not only is the public essentially paying interest to use their own money, these big banks don’t generally invest locally, and their role the global economic meltdown of 2008 contributed to widespread suffering and increased public debt burden.</big></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''In sum, a public bank not only makes sound financial sense''', but is also a tool to grow a more resilient, just, and equitable economy. Public banks can drastically cut borrowing costs and bank fees for governments; cut financing costs in HALF for public infrastructure projects by saving on interest payments; support community-based banks; and boost jobs and Main Street. In Philadelphia, the bank can also prioritize building prosperity in unfunded and underfunded communities historically redlined by private banks.</big></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''In sum, a public bank not only makes sound financial sense''', but is also a tool to grow a more resilient, just, and equitable economy. Public banks can drastically cut borrowing costs and bank fees for governments; cut financing costs in HALF for public infrastructure projects by saving on interest payments; support community-based banks; and boost jobs and Main Street. In Philadelphia, the bank can also prioritize building prosperity in unfunded and underfunded communities historically redlined by private banks.</big></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''The evidence is overwhelming.''' With everything to gain, and nothing to lose, it’s time for Philadelphia to have its own public bank!</big></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''The evidence is overwhelming.''' With everything to gain, and nothing to lose, it’s time for Philadelphia to have its own public bank!</big></div></td></tr> </table>

Stan https://wikidelphia.org/index.php?title=The_Case_for_a_Philadelphia_Public_Bank&diff=63855&oldid=prev Stan at 09:04, 28 September 2020 2020-09-28T09:04:49Z

<p></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 05:04, 28 September 2020</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l7">Line 7:</td> <td colspan="2" class="diff-lineno">Line 7:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''Such a bank can use this pool of public money to fund projects and programs that benefit the public over the long term'''—the very same projects/programs that are currently being cut from state and local budgets. Rather than entrusting public funds to a bank that may gamble with their deposits, a public bank makes conservative investments in local projects and services that are well supported by the community. Communities with public banks have access to low-interest loans. As the loans are paid off, the interest helps grow the bank’s capacity to invest back into the public it serves; it becomes a new source of public revenue.</big></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''Such a bank can use this pool of public money to fund projects and programs that benefit the public over the long term'''—the very same projects/programs that are currently being cut from state and local budgets. Rather than entrusting public funds to a bank that may gamble with their deposits, a public bank makes conservative investments in local projects and services that are well supported by the community. Communities with public banks have access to low-interest loans. As the loans are paid off, the interest helps grow the bank’s capacity to invest back into the public it serves; it becomes a new source of public revenue.</big></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><big>'''The Bank of North Dakota''', founded in 1919 provides a model in this country for the benefits of a public bank. State assets are used to capitalize the Bank and all the state’s revenues are deposited there. North Dakota was the only state to come through the 2008 recession unscathed. In 2010, it had the lowest unemployment and home foreclosure rates in the country as well as the most community banks per capita. The Bank makes low interest loans to students, existing small businesses and start-ups; supports local governments by buying municipal bonds; has demonstrated its ability to respond quickly to natural disasters; and returned over $300 million to the state’s general fund in the last decade. '''Hundreds of public banks, managed according to many different models, are providing similar benefits throughout the world.'''</big></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">*</ins><big>'''The Bank of North Dakota''', founded in 1919 provides a model in this country for the benefits of a public bank. State assets are used to capitalize the Bank and all the state’s revenues are deposited there. North Dakota was the only state to come through the 2008 recession unscathed. In 2010, it had the lowest unemployment and home foreclosure rates in the country as well as the most community banks per capita. The Bank makes low interest loans to students, existing small businesses and start-ups; supports local governments by buying municipal bonds; has demonstrated its ability to respond quickly to natural disasters; and returned over $300 million to the state’s general fund in the last decade. '''Hundreds of public banks, managed according to many different models, are providing similar benefits throughout the world.'''</big></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><big>In the United States, most local tax revenues—the public‘s funds—are deposited in large private banks, which charge fees to manage the public’s money, and loan it back at interest for needed projects. Not only is the public essentially paying interest to use their own money, these big banks don’t generally invest locally, and their role the global economic meltdown of 2008 contributed to widespread suffering and increased public debt burden.</big></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">*</ins><big>In the United States, most local tax revenues—the public‘s funds—are deposited in large private banks, which charge fees to manage the public’s money, and loan it back at interest for needed projects. Not only is the public essentially paying interest to use their own money, these big banks don’t generally invest locally, and their role the global economic meltdown of 2008 contributed to widespread suffering and increased public debt burden.</big></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><big>'''In sum, a public bank not only makes sound financial sense''', but is also a tool to grow a more resilient, just, and equitable economy. Public banks can drastically cut borrowing costs and bank fees for governments; cut financing costs in HALF for public infrastructure projects by saving on interest payments; support community-based banks; and boost jobs and Main Street. In Philadelphia, the bank can also prioritize building prosperity in unfunded and underfunded communities historically redlined by private banks.</big></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">*</ins><big>'''In sum, a public bank not only makes sound financial sense''', but is also a tool to grow a more resilient, just, and equitable economy. Public banks can drastically cut borrowing costs and bank fees for governments; cut financing costs in HALF for public infrastructure projects by saving on interest payments; support community-based banks; and boost jobs and Main Street. In Philadelphia, the bank can also prioritize building prosperity in unfunded and underfunded communities historically redlined by private banks.</big></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><big>'''The evidence is overwhelming.''' With everything to gain, and nothing to lose, it’s time for Philadelphia to have its own public bank!</big></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">*</ins><big>'''The evidence is overwhelming.''' With everything to gain, and nothing to lose, it’s time for Philadelphia to have its own public bank!</big></div></td></tr> </table>

Stan https://wikidelphia.org/index.php?title=The_Case_for_a_Philadelphia_Public_Bank&diff=63854&oldid=prev Stan at 05:55, 28 September 2020 2020-09-28T05:55:19Z

<p></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 01:55, 28 September 2020</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l1">Line 1:</td> <td colspan="2" class="diff-lineno">Line 1:</td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div> </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">{{SRP}}</ins></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><div class="center" style="width: auto; margin-left: auto; margin-right: auto;"><big>'''The Case for a Philadelphia Public Bank'''</big></div></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><div class="center" style="width: auto; margin-left: auto; margin-right: auto;"><big>'''The Case for a Philadelphia Public Bank'''</big></div></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''A public bank is a bank that is owned by the people through a city, county, state, or nation.''' It is designed to manage public funds, not the deposits of individuals. Just like other banks, a public bank holds a bank charter and follows rules and regulations. A public bank differs from a for-profit bank in that it is guided by a mission to serve the public good, not to generate profits for private shareholders.</big></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*<big>'''A public bank is a bank that is owned by the people through a city, county, state, or nation.''' It is designed to manage public funds, not the deposits of individuals. Just like other banks, a public bank holds a bank charter and follows rules and regulations. A public bank differs from a for-profit bank in that it is guided by a mission to serve the public good, not to generate profits for private shareholders.</big></div></td></tr> </table>

Stan