Has the time come for creating a public bank in Portland?
The Portland Alliance: Behind the Headlines: Breaking News Page! http://www.theportlandalliance.org/breakingnews BREAKING NEWS AT THE ALLIANCE Wednesday, February 24 at 7 PM - 9 PM in PST First Unitarian Church, SW 12th and Salmon, Portland OR Has the time come for creating a public bank in Portland? 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...