Initiative to start a public Washington state bank gets some press

Thought this article by Ellen Brown of Truth Out might be of interest to this group.

"Bills were introduced on January 18, in both the House and Senate of the Washington State Legislature, that add Washington to the growing number of states now actively moving to create public banking facilities."

Replies to This Discussion

Permalink Reply by Dianne Foster on January 25, 2011 at 6:17pm

Thanks, Rob-

Actually the Ellen Brown article is already attached on our reading list, but good idea to keep bringing it up; I think also the idea of connecting the MYM campaign and State Bank as they did in Portland is a good one, ( does anyone know yet when the Great Unleashing anniversary date is, so we can get more planning done on the spring MYM teach-in? Lots of good ideas for that cooking now....)

Permalink Reply by Shirley Jacobson on December 29, 2011 at 3:12pm

From: JA Shattuck <judith_shattuck@hotmail.com>
Subject: [snoworg-contacts] Public Banking Forum
Date: Thursday, December 29, 2011, 11:30 AM

PUBLIC BANKING FORUM

Speakers: Representative Bob Hasegawa, Cindy Cole and John Repp

Saturday, January 7th, 1:00-3:00 p.m.

Northlake Unitarian Universalist Church
in the Chapel
308 4th Avenue South
Kirkland, WA

Rep. Hasegawa’s Washington State Investment Trust (WIT) HB 1320, aims to increase access to capital for small businesses, promote job growth, support student loans, infrastructure and economic development. It is modeled after the Bank of North Dakota (for an informative video, click in the box below), which has been in business since 1919 and provides student loans as well as lending, treasury, and banking services.