"The recent (2012) Public Banking conference held in Philadelphia offered a message that is at once so simple - but also so bold - it is hard for most Americans to pause long enough to understand how profoundly their thinking had been corralled by the masters of finance - in ways far, far, far more insidious and powerful than even the latest financial crisis suggests."
Gar Alperovitz is the Lionel R. Bauman Professor of Political Economy at the University of Maryland and co-founder of the Democracy Collaborative, author of America beyond Capitalism.
More quotes here.
Public Banking 2013, Funding the New Economy
Co-hosted by Dominican University, Green MBA Program
Angelico Hall, 50 Acacia Avenue, San Rafael, CA
Angelico Hall, 50 Acacia Avenue, San Rafael, CA
Funding the New Economy -- here's how:
We've heard so much about the "New Economy" and its potential. But how do we fund it? The new JOBS Act will fund it with equity capital -- but how to fund it with affordable debt capital, the preferred approach for many entrepreneurs? Through affordable loan progams funded by a public bank.
States and counties are taking half steps towards this, but are inefficiently loaning out taxpayer dollars. As one example, Sonoma County has a "new economy" loan program here. It's a great idea, but the $40M of lending capacity could have been used to capitalize a $400M public bank, funding 10x more loans. All that Sonoma County is missing is a bank license from the state, making the loans more affordable and the entire process more efficient.
This and other examples of how public banks can fund the new economy will be explored at the Public Banking Conference. Be sure to join us!
States and counties are taking half steps towards this, but are inefficiently loaning out taxpayer dollars. As one example, Sonoma County has a "new economy" loan program here. It's a great idea, but the $40M of lending capacity could have been used to capitalize a $400M public bank, funding 10x more loans. All that Sonoma County is missing is a bank license from the state, making the loans more affordable and the entire process more efficient.
This and other examples of how public banks can fund the new economy will be explored at the Public Banking Conference. Be sure to join us!
Hosted by:
Public Banking 2013 -- 700 people (and one vampire squid) in attendance!
What went on at the Conference?
How often do you get a chance to join with other creative minds discussing how best to redesign the banking systems of nations, in ways that would create new prosperity for millions and help to rebuild local economies?
This year, just once!
Join pioneering policy makers, civic leaders, banking entrepreneurs, innovators and ordinary citizens interested in learning about one of the most critical undertakings of our time: creating a truly prosperous, democratic and sustainable new economy.
This year, just once!
Join pioneering policy makers, civic leaders, banking entrepreneurs, innovators and ordinary citizens interested in learning about one of the most critical undertakings of our time: creating a truly prosperous, democratic and sustainable new economy.
Public Banking 2013 Speakers:
Matt Taibbi, Journalist for the Rolling Stone Magazine
Ellen Brown, Author of Web of Debt and The Buck Starts Here
Birgitta Jonsdottir, Member of Iceland's Parliament
Do You want to form a Coalition Chapter or Affiliate?
It requires commitment and some time, but we'll tell you how to do it. Register here for the next monthly call. 2nd Friday of every month leading up to the Conference.
Public Banking Coalition Chapters and Affiliates
Vermont Partnership Bank
Washington Public Bank Coalition
All PBI State Coordinators here.