Why Cities Should Use Public Banks Instead of Big Banks | Common Dreams

Why Cities Should Use Public Banks Instead of Big Banks | Common Dreams
"Matt Taibbi’s well-read Rolling Stone article, “The Scam Wall Street Learned from the Mafia,” details the struggle of municipalities, schools, and other public entities after big private banks induced them to gamble their public funds on the direction of the market -- often resulting in debts that far exceeded their budgets and the original cost estimates for the projects they were seeking to fund."

The Need for Public Banks - Truthdig

The Need for Public Banks - Truthdig
"Once upon a time American banks supported the economy by financing the growth and development of industry. For the last many decades they’ve had the opposite effect by plowing money into existing assets and loading the economy down with debt. The consequences have been disastrous"