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@attackerman ("Spencer Ackerman") wrote:
“Per the Public Banking Institute, local US governments currently spend $160 billion a year on loan interest. That money—which could otherwise build parks, fund schools, and repair bridges—is effectively a wealth transfer from taxpayers to corporate bankers.”
with quote tweet:
@PublicBankNYC ("Public Bank NYC") wrote:
NEW from @KatrinaNation in @thenation: "Public banks aren’t too big to fail—they’re too stable to fail."
@AndreaSCousins @CarlHeastie pass the New York Public Banking Act!
https://www.thenation.com/article/economy/silicon-valley-banks-bailout-regulations/tnamp/
