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BREAKING NEWS AT THE ALLIANCE
Wednesday, February 24at 7 PM - 9 PM in PST
First Unitarian Church, SW 12th and Salmon, Portland OR
Too-Big-To-Fail banks are tied to high risk speculative investing for the benefit of the bank's major stock holders.
Currently, the city's deposits are held by private banking establishments. What could happen if, instead of supporting those banks via our city's use of those banks, we created a locally owned public bank to cycle city revenues back into the local economy? How much additional revenue from such a cycling of city revenues into a city public bank would be generated for investment in affordable and low-income housing, infrastructure and community-based economic development?
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