Idea: A Municipal Bank For Philadelphia: Difference between revisions
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*Economically sustainable, because they operate like private banks. | *Economically sustainable, because they operate like private banks. | ||
*Able to offset tax increases with returned credit income to the community. | *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 | *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. | *Constitutional, as ruled by the U.S. Supreme Court. | ||
Revision as of 03:10, 23 November 2018
This Wikidelphia idea page proposes A Municipal Bank For Philadelphia.
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 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).
- Coalition of grassroots groups launches “paradigm shift” campaign for #PublicBankNYC
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.
Videos
- Public Banking Made Simple
- no more Detroits...The Philadelphia Public Bank Solution
- The Public Bank Solution to Government Debt and Budget Shortfalls
- VIDEO: Bank of North Dakota
More
- 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.
- Philadelphia Public Bank Coalition group on Facebook
Ellen Brown
- The Public Bank Solution
- Podcast: It´s Our Money with Ellen Brown
- How California Could Get Its Money Out of Wall Street - Yes Magazine, updated June 7, 2018
In The News
The Bank of North Dakota
- The Bank of North Dakota website
- Wikipedia Article about the Bank of North Dakota
- Mother Jones: How the Nation’s Only State-Owned Bank Became the Envy of Wall Street
- VIDEO: Bank of North Dakota