Difference between revisions of "Idea: A Municipal Bank For Philadelphia"

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*Movement Website: [http://www.publicbankinginstitute.org/ Public Banking Insitute]: A national movement to help states set up their own banks.
 
*Movement Website: [http://www.publicbankinginstitute.org/ Public Banking Insitute]: A national movement to help states set up their own banks.
 
*Article: [http://wallstreetonparade.com/2013/08/public-banking-institute-calls-largest-wall-street-banks-%e2%80%9cunsafe%e2%80%9d-and-backs-it-up/ Public Banking Institute Calls Largest Wall Street Banks "Unsafe," and Backs It Up], Wall Street On Parade, August 29, 2013.
 
*Article: [http://wallstreetonparade.com/2013/08/public-banking-institute-calls-largest-wall-street-banks-%e2%80%9cunsafe%e2%80%9d-and-backs-it-up/ Public Banking Institute Calls Largest Wall Street Banks "Unsafe," and Backs It Up], Wall Street On Parade, August 29, 2013.
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*[[Philadelphia Public Bank Coalition]]
 
*[https://www.facebook.com/groups/1850488438581554/ Philadelphia Public Bank Coalition group on Facebook]
 
*[https://www.facebook.com/groups/1850488438581554/ Philadelphia Public Bank Coalition group on Facebook]
 
*[http://phillynn.org/issues-actions/public-banking/ Philadelphia Neighborhood Networks (PNN) Public Banking Action Group]
 
*[http://phillynn.org/issues-actions/public-banking/ Philadelphia Neighborhood Networks (PNN) Public Banking Action Group]

Revision as of 05:41, 11 June 2019

This Wikidelphia idea page proposes A Municipal Bank For Philadelphia.

Why Can't Philadelphia Have Its Own Bank?

Public Banks Are ...

  • Viable solutions to the present economic crises in US states.
  • Potentially available to any-sized government or community able to meet the requirements for setting up a bank.
  • Owned by the people of a state or community.
  • Economically sustainable, because they operate like private banks.
  • Able to offset tax increases with returned credit income to the community.
  • Ready sources of credit for local governments, eliminating the need for large “rainy day” funds required to promote the public interest, as defined in their charters.
  • Constitutional, as ruled by the U.S. Supreme Court.

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