Has the time come for creating a public bank in Portland?

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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 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?

Find out more!   ...
An Alliance for Democracy Portal at The Portland Alliance 
http://www.ThePortlandAlliance.org/alliancefordemocracy

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