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Public Bank Los Angeles Profile picture
Public Bank Los Angeles
@publicbankla
The People's Bank. Building a new era of finance for people & planet. Established 2 laws in California. #YesOnB supported by 430K Angelenos. 🌳🏦
Oct 5, 2021 • 7 tweets • 7 min read
BREAKING! Back-to-back wins in CA & LA. Los Angeles City Council unanimously approves motion authorizing public bank action plan, the 1st municipal bank in the US. #PublicBankLA will reinvest profits in the public interest, putting the power of capital in the hands of the people. Public banks are lending and depository institutions owned and managed by a local government in the public interest. They leverage public funds to create credit that serves the public, from infrastructure projects to small business loans, social housing, green projects, and more.