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…
During this political season, we have heard a lot about too-big-to-fail banks, corporate greed, politicians on the take, bad trade deals, inequality and … starting a revolution to save the middle class. Just over 100 years ago, at the dawn of the first American Progressive Era, the same conditions sparked a revolution which spread…
Banking crusader Senator Elizabeth Warren has been on Wall Street’s tail for years. (And that’s why we love her.) According to a recent blog post at Wall Street on Parade, Warren has been less than impressed with the lax oversight that former Wall Street lawyer and current SEC Chair Mary Jo White has been providing.…
Troubled state and municipal pension funds have been in the news nationally and right here in Tucson. Here is an insightful article about the role Wall Street fees play in pension fund failures. Even Republican Governor Chris Christie is questioning predatory fees charged by Wall Street banks. Chris Christie: New Jersey Pension Launches Probe Of…
As we travel around Arizona and present our public banking dog and pony show, we have been gathering data and supporter names for our website and for our email list. What have we learned from our supporters? People understand the need for low-cost loans, they want to build our public education system, and they don’t…
Interesting articles on public banking, Wall Street, and cooperative action… How Nebraska Took Its Energy Out of Corporate Hands and Made It Affordable for Everyone Electric power by and for the people: check out this story about electric cooperatives and other publicly owned utilities providing power to $1.8 million people in Nebraska. This harkens back…
In a fiery but measured speech on the Senate floor, Massachusetts Senator Elizabeth Warren blasted the close ties between CitiGroup, Congress, and the Clinton, Bush, and Obama administrations as Wall Street “cronyism”. Channeling trust-busting, progressive President Teddy Roosevelt, Warren called for “opening up Dodd-Frank to make it tougher” and for an end to “too big…
Arizonans for a New Economy 