Idea: A Municipal Bank For Philadelphia: Difference between revisions

Revision as of 22:04, 7 July 2017

This Wikidelphia idea page proposes A Municipal Bank For Philadelphia.

Let's think, how can the City save money and earn money by creating its own bank?
See the 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 Benefits For Cities and Municipalities Of a Public Bank (PDF).

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.

Movement Website: Public Banking Insitute: A national movement to help states set up their own banks.
Article: Public Banking Institute Calls Largest Wall Street Banks "Unsafe," and Backs It Up, Wall Street On Parade, August 29, 2013.

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 *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.
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