The Pennsylvania Project, Public Banking in the Public Interest

01/17/2013

http://philadelphia.regionsbusiness.com/print-edition-commentary/op-ed-public-banking-a-solution-to-dysfunctional-banking-system/

The American banking industry is in crisis. As a result of the Wall Street bailout and the Dodd Frank “reforms,” the concentration of..

12/25/2012

Wm. Black is the guy who put the S&L snakes in jail. He knows whereof he speaks. This is totally insane.

HSBC marks the triumph of crony capitalism in the U.S. and the U.K. Fraudulent SDIs have no permanent alliances or ideology -- only permanent interests in being above the law and free of "free...

12/11/2012

What will it take to do the right thing? This isn't it. The UK and the US have to take Iceland's approach, not hand more control to Goldman Sucks.

Big news yesterday in the United Kingdom, where the citizenry surveyed its domestic banking system and discovered that it couldn't find a single perso

11/20/2012

Please write letters to the editor of your local newspapers! We need public banks.

The American banking industry is in crisis. As a result of the Wall Street bailout and the Dodd Frank “reforms,” the concentration of assets and deposits in the “too-big-to-fail banks” is now greater than it was before they failed and were rescued.

11/16/2012

Public banks could remove the critical role of job creation from the corrupt hands of Wall Street and might just reform it in the process.

11/08/2012

By developing a public banking system, governments can keep the interest and reinvest it locally.

11/03/2012

An instructive article about how the Public Bank of North Dakota aided recovery after the Red River Flood of 1997. Knowing what NJ and parts of NY are going to be going through over the next couple years, this is huge food for thought.

The Public Banking Institute (PBI) is a non-partisan think-tank, research and advisory organization dedicated to exploring and disseminating information on the potential utility of publicly-owned banks, and to facilitate their implementation.

10/31/2012

When public banks are described as “counter-cyclical,” what does that mean and why is it important?First, the “cycle” to which “counter-cyclical” refers is what private commercial and investment banks (this distinction having been blurred since the repeal of the 1933 Glass-Steagall Act in 1998) and ...

08/13/2012

The USPS has evidently been targeted by a plutocratic Congress bent on destroying the most powerful unions and privatizing all public services.

08/09/2012

The barons on Wall Street and the wizards at the Federal Reserve are holding the American people hostage. For almost four years, they have eaten eat up the wealth of America to cover the almost cosmic losses and liabilities of the Wall Street banks.

07/31/2012

It was variously reported as the “Wall Street Heist of the Century,” “Biggest Fraud of All Time,” and “Mother of All Scandals.”

07/20/2012

The vastness of the fraud and criminality at the heart of the international private banking cartel can no longer be denied or explained away. Let’s look at only the news of the past two weeks.