What they really do is inflate the national debt while concentrating wealth and political power into fewer and fewer hands.
Public Banking Institute
Do taxpayers want to have their public money in a bank that has been proven to be defrauding them? San Francisco may be leading the way toward creating a municipal bank that is in the public's interest.
This August in Madison, Wis., the second national Democracy Convention will focus on reshaping the economy in the interests of the majority, and pushing back against Wall Street power.
Public banking could be the antidote to free us from our dependency on Wall Street and put monetary power in the people's hands.
The next crisis will likely be due to the staggering derivatives trade: the current exposure in derivatives at "too big to fail" banks exceeds the total world's gross domestic product.