Public Bank NYC
@publicbanknyc
A broad-based coalition calling on NYC to divest from Wall Street and establish a public bank, as part of a broader vision for economic and racial justice.
ID: 993885029838319617
http://publicbanknyc.org 08-05-2018 16:07:11
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Wall Street is profiting off our public money—and New Economy Project has a rapid-fire explainer on how it works and what NYC can do about it. It’s time to divest from Wall Street and invest in our communities through a public bank. Watch + share!
The NYC Banking Commission meets at 10 am to vote on which banks are eligible to receive NYC’s deposits. We are here with our Public Bank NYC coalition partners to say: it’s time for the City to divest from Wall Street and launch a #publicbank!
Bringing unflinching moral clarity to this moment, former NYC Director of Operations Harvey Robins calls for bold action—starting with a public bank to reclaim public money for the public good. Must-read in City Limits: citylimits.org/opinion-mayora…
👉Today, the NYC Comptroller’s office voted against letting Chase, Citi, Wells Fargo & others hold billions in city deposits. The tide is turning toward a public bank. As our Will Spisak said: “It’s time to break Wall Street’s grip on our public money.” comptroller.nyc.gov/newsroom/compt…
Must-read from Community Service Society of New York (CSS) on why NYC needs a public bank—to build deeply affordable housing, advance financial justice, and protect city funds from federal overreach. 👉centernyc.org/urban-matters-… Center for NYC Affairs
“Through public banks, local governments can responsibly steward public funds—partnering with community-based financial institutions to close critical funding gaps and build wealth in low-income and Black and brown neighborhoods.” -our Tousif Ahsan citylimits.org/opinion-a-publ…
Public banking is supported by New Yorkers 4 to 1. It has majority support in the State Senate. So why do state legislative leaders oppose it? Because Wall Street has powerful lobbyists—and Albany listens. Just ask City & State NY.
As Daniel Wortel-London rightly notes, redistribution isn’t a substitute for transformation. NYC’s next mayor must change who owns and controls our economy. Fortunately, communities have long had the solutions—from CLTs to worker co-ops to public banking. 🧵 nydailynews.com/2025/06/26/mam…
Zohran Kwame Mamdani's win proves it: NYC wants economic transformation. Community Wealth Building Strategies —public banking, CLTs, co-ops —can turn that demand into policy. My latest for Democracy Collaborative. democracycollaborative.org/blogs/zohran-m…