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Indybay Feature
Public Banking in Santa Rosa / Sonoma County
by Students of Sonoma State Investigative Sociol
Thursday May 10th, 2018 10:01 PM
The results of our study reveal that the monopolization of the private banking system exploits citizens, small business, and communities, and stifles communal growth via loan programs designed to earn maximum profits for investors in Wall Street regardless of the negative impact at the local level.
Public banking appears to be a viable solution to these problems and through partnerships with local and communal banks can provide many of the same services of the private industry but at lower costs and at the will and the benefit of local communities.