A Public Bank for Los Angeles? City Council Puts It to the Voters
July 6, 2018 9:57 pm Leave your thoughts
California legislators exploring the public bank option may be breaking not just from Wall Street but from the Federal Reserve.
Author Archives for Ellen Brown
About Ellen Brown
Ellen Brown
Blackstone, BlackRock or a Public Bank? Putting California’s Funds to Work
June 6, 2018 12:00 am Leave your thoughts California has over $700 billion parked in private banks earning minimal interest, private equity funds that contributed to the affordable housing crisis, or shadow banks of the sort that caused the banking collapse of 2008.
Fox in the Hen House: Why Interest Rates Are Rising
May 1, 2018 12:00 am Leave your thoughts The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed's push to "tighten"?
The Bayer-Monsanto Merger Is Bad News for the Planet
April 14, 2018 12:00 am Leave your thoughts Bayer and Monsanto have a long history of collusion to poison the ecosystem for profit. The Trump administration should veto their merger not just to protect competitors but to ensure human and planetary survival.
The War on the Post Office
March 18, 2018 9:21 pm Leave your thoughts The US Postal Service, under attack from a manufactured crisis designed to force its privatization, needs a new source of funding to survive. Postal banking could fill that need.
How Uncle Sam Launders Marijuana Money
January 27, 2018 8:30 pm Leave your thoughts In a blatant example of "do as I say, not as I do," the US government is profiting handsomely by accepting marijuana cash in the payment of taxes while imposing huge penalties on banks for accepting it as deposits.
Student Debt Slavery II: Time to Level the Playing Field
January 13, 2018 12:00 am Leave your thoughts The lending business is heavily stacked against student borrowers. Bigger players can borrow for almost nothing, and if their investments don't work out, they can put their corporate shells through bankruptcy and walk away.
Student Debt Slavery: Bankrolling Financiers on the Backs of the Young
December 30, 2017 12:00 am Leave your thoughts Higher education has been financialized, transformed from a public service into a lucrative cash cow for private investors.
Regulation Is Killing Community Banks – Public Banks Can Revive Them
November 4, 2017 12:00 am Leave your thoughts Crushing regulations are driving small banks to sell out to the megabanks, a consolidation process that appears to be intentional. Publicly-owned banks can help avoid that trend and keep credit flowing in local economies.
How to Wipe Out Puerto Rico’s Debt Without Hurting Bondholders
October 22, 2017 12:00 am Leave your thoughts During his visit to hurricane-stricken Puerto Rico, President Donald Trump shocked the bond market when he told Geraldo Rivera of Fox News that he was going to wipe out the island's bond debt.