08/18/2026
What happens when private financial institutions take big risks and the public is left to pick up the bill?
This article traces a pattern from the Savings & Loan crisis to today’s shadow banking system where private institutions capture the gains, while taxpayers absorb the losses through bailouts and public guarantees, https://capitolhillcitizen.substack.com/p/the-bailout-that-never-ended
Public banking offers a different model.
Instead of pumping public dollars to bail out Wall Street and protect private shareholders, public banks keep those funds working for the public interest, financing affordable housing, small businesses, clean energy and other community priorities.
What do you think? Could public banking give communities a safer, more values-aligned way to put public money to work?
Not So Wonderful for Taxpayers