Idea: A Municipal Bank For Philadelphia: Difference between revisions
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* Let's think, how can the City save money and earn money by creating 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. | * 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]'''. | * 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 ...== | ==Public Banks Are ...== | ||
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==More== | ==More== | ||
*[http://www.publicbankinginstitute.org/ Public Banking Insitute]: A national movement to help states set up their own banks. | *Movement Website: [http://www.publicbankinginstitute.org/ Public Banking Insitute]: A national movement to help states set up their own banks. | ||
*Article: [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. | *Article: [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]] | <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]] | ||
Revision as of 17:33, 19 November 2016
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 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).
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: 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.