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Articles: public banking (4)

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The Stone that Brings Down Goliath? Richmond and Eminent Domain

In a nearly $13 billion settlement with the US Justice Department in November 2013, JPMorganChase admitted that it, along with every other large US bank, had engaged in mortgage fraud as a routine business practice, sowing the seeds of the mortgage meltdown.

From Bail-Outs to Bail-Ins: Our Banking System Needs Help

Public banking is a hot topic of late, both here on Shareable and in the world at large.

Gar Alperovitz: The Next American Revolution?

Welcome to the spring of sequester and discontent. Just ahead, whatever happens in the world of politics, a world of people are going to experience yet more cuts to education, housing, healthcare, and there’s no solution to poverty in sight. Even for those who were flushed with excitement …

From North Dakota to Scotland: Exploring the public bank option

Banking is not just a market good or service. It is a vital part of societal infrastructure, which properly belongs in the public sector. By taking banking back, local governments could regain control of that very large slice (up to 40 per cent) of every public budget that currently goes to …

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