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UID:Indybay-18711687
SEQUENCE:18864901
CREATED:20120420T034000Z
DESCRIPTION:Occupy Bozeman invites public to free event, representatives from Montana 
 state bank working group and local credit unions to speak.\n\n\nFOR 
 IMMEDIATE RELEASE\n\nBOZEMAN, MT — Occupy Bozeman, a Montana group in 
 solidarity with the international Occupy movement, invites the public to a 
 discussion about alternatives to corporate banks. Representatives from 
 local credit unions, as well as from a working group aimed at creating a 
 Montana state-run bank like that of North Dakota, will speak and answer 
 questions. The free event will be held at the Gallatin Labor Temple, 
 located at 422 E. Mendenhall St., from 1:30 to 3:30 on Sunday, April 
 29th.\n\nOccupy Bozeman says it is organizing the event to provide 
 information to people who are concerned about the effects of corporate 
 banks such as Wells Fargo, which has been the focus of a divestment 
 campaign sponsored by the group. Occupy Bozeman says that corporate banks 
 have abused the taxpayer support provided by the 2008 bailout, engaged in 
 fraudulent practices, and hurt the economy. The group says there are many 
 benefits to credit unions and state banks, including fewer fees, lower 
 interest rates, and greater economic stability. Members of the group who 
 have been working with other organizations to create a state bank in 
 Montana point to the success of the Bank of North Dakota, which has been in 
 operation since 1919.\n\n“The basic idea of a Montana state bank is that 
 the government at the state and municipal level would take their money out 
 of corporate banks like U.S. Bank—which uses the money to make loans for 
 whatever they want—and put it in a bank that creates revenue and economic 
 development in Montana,” says Josh Davis, who has been working with the 
 Public Banking Institute and the Montana Organizing Project to introduce 
 legislation for a state bank. Davis says the idea is gathering support from 
 across the political spectrum and has a good chance of success.\n\nThe 
 event on April 29th will provide a chance for the public to learn more 
 about state banks and credit unions, which are not-for-profit financial 
 cooperatives.\n\nOccupy Bozeman meets regularly in general assemblies and 
 working groups to coordinate actions in the interest of “the 99%.” 
 Anyone is free to participate in general assemblies or to independently 
 organize actions that support the goals of the Occupy movement. Information 
 about Occupy Bozeman can be found at http://occupybozeman.org.\n 
 https://www.indybay.org/newsitems/2012/04/19/18711687.php
SUMMARY:Bozeman Group to Host Discussion about Alternatives to Big Banks
LOCATION:Gallatin Labor Temple\n422 E. Mendenhall St\nBozeman, MT
URL:https://www.indybay.org/newsitems/2012/04/19/18711687.php
DTSTART:20120429T203000Z
DTEND:20120429T223000Z
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