Colorado Public Banking Coalition

The Rocky Mountain Public Banking Institute (RMPBI), together with Colorado Public Banking Coalition and the national Public Banking Institute (PBI)…

A response piece written by Rocky Mountain Public Banking Institute, published in Colorado Politics.

Recently, Michael van Norstrand, president of Independent Bankers of Colorado (IBC), wrote an Op-Ed for CP: “Public Banks Would Pose Risks, Play Politics.”  The Op-Ed makes numerous incorrect assumptions and assertions.  

All three types of banking are public alternatives to the Wall St. style, for-profit, large commercial banks which we are used to providing both retail (taking deposits from individuals and providing personal banking services) as well as commercial services (lending to and working with institutions, governments, and businesses). However, each type of bank is designed for a unique purpose. Read on to learn more.

The Fed’s policy tools – interest rate manipulation, quantitative easing, and “Special Purpose Vehicles” – have all failed to revive local economies suffering from government-mandated shutdowns. . The Fed must rely on private banks to inject credit into Main Street, and private banks are currently unable or unwilling to do it. The tools the Fed actually needs are public banks, which could and would do the job.

An excerpt of David Dayen’s new book, We Own the Future: Democratic Socialism—American Style, published by The New Press, was…

A public option, but for banking. That’s what Reps. Rashida Tlaib and Alexandria Ocasio-Cortez are proposing in a new bill unveiled in late October, 2020.

Thanks to Public Banking Institute for this excellent recent video about how public banks can fight and work against redlining.

Self-regulation by statue and by-laws, a public bank as an LLC, the banking corporation model doesn’t fit, public banks for non-home rule communities, public banks as public benefit corporations and cooperatives

Where does a state get the money for public banking? What options do we have?