Bank of North Dakota, the only public bank in the US, didn’t sit on its #COVID19 relief funds. Working with local community banks, it has distributed more funds per capita to workers through Paycheck Protection Plan (PPP) than in any other state. This is in sharp contrast to Arizona, which has distributed a fraction of…
The Bank of North Dakota (BND), the only public bank in the US, celebrated 100 years of economic liberty from Wall Street banks this week. BND was created in 1919 by the grassroots efforts of the Nonpartisan League. Back in the early 1900s in the Gilded Age, railroads and banks were controlled by wealthy east…
We are much obliged to Mr. Robert G. Brown, a public banking advocate for scheduling a meeting for us with Pima County District 1 Supervisor Ally Miller. We met with her in her in her office today for about an hour. We presented “Top 10 Reasons for Public Banking” power point. She was especially interested to…
Large national banks invest their funds in the stock market on Wall Street, not Main Street. These commercial banks hold and manage funds for the vast majority of cities, counties, and states in the US and charge us fees for managing our taxpayer funds. They invest taxpayer funds in stocks and bonds for the benefit…
The City of Philadelphia is rich in history and culture. It is the home to many major corporations. It has billions of dollars in the bank. Then, why do critics say that Philadelphia will be the next Detroit? Watch this short video and find out why Philadelphia is looking toward public banking as a solution…
This is a lecture given by Jared Gardner of the Oregonians for a State Bank delivered as part of a seminar presented at the Portland State University’s Institute for Sustainable Solutions. This address was delivered on April 13, 2011. Mr. Gardner speaks extensively about how Wall St. Banks are not serving the interests of local…
At the April 8, 2014 meeting of the Tucson Mayor and City Council, the President of Alliance Bank of Arizona, Duane Froeschle described how his bank used $5M deposited by the City of Tucson in his bank to lend $9M to local businesses. Councilman Kozachik stated in all, 16 loans were made under the program.…
Arizonans for a New Economy 