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Indybay Feature
Related Categories: California | North Bay / Marin | Education & Student Activism | Health, Housing & Public Services | Labor & Workers
Public Banking in Santa Rosa / Sonoma County
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.
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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.
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