Scotland May Not Be Independent – But A Public Bank Will Bring Economic Sovereignty

A publicly-owned bank could help Scotland take control of its own economic destiny by avoiding unnecessary debt to a private banking system that's become a burden to the economy.

// Read More



Big Banks Hit with Monster $250 Billion Lawsuit in Housing Crisis

Investors led by BlackRock, the world’s largest asset manager, and PIMCO, the world’s largest bond-fund manager, have sued some of the world’s largest banks for breach of fiduciary duty.

// Read More



Ahead of the Looming Foreclosure Crisis, Local Governments Are Stepping In

The glut of underwater mortgages needs to be written down to match underlying assets, not just to help homeowners but to revive the economy.

// Read More



Why Californians Are Paying Double – In Interest to the Banks

The Bay Bridge retrofit was slated to cost $6.3 billion, but with interest and fees, taxpayers will shell out over $12 billion - indicative of a trend in the Golden State.

// Read More



Bringing Bucks to Main Street With a State-Owned Bank of California

The Golden State can lead others down the path of debt peonage and keep paying for Wall Street's blunders – or we can be a model for establishing state economic sovereignty.

// Read More



Prosecuting Wall Street: It's Time to Bring the Banks Before a California Jury

Sixteen of the world’s largest banks have been caught colluding to rig global interest rates – so why are we doing business with a corrupt global banking cartel, and isn't it time someone prosecuted them?

// Read More



Revealed: Report Shows Wall Street Ripped Off Los Angeles for $200 Million

The fees Wall Street extracts from public entities like the ones in L.A. could total more than $50 billion a year – enough to provide free tuition at every public college and university in the country.

// Read More



From Austerity to Abundance: Why I Am Running for California Treasurer

The state cannot solve its budget problems by slashing services that have already been cut to the bone or raising sales taxes that hurt the poor far more than the rich.

// Read More



Hedges: Overthrow the Speculators and Build Public Banks

We can wrest back control of our economy and our political system from corporate speculators with local movements that decentralize economic power through the creation of hundreds of publicly owned state, county and city banks.

// Read More



Public Banking in Costa Rica: A Remarkable Little-Known Model

Established in 1949, Costa Rica's four public banks have remained open and in public hands in spite of enormous pressure by the IMF and the U.S. to privatize them.

// Read More

Pages