Journey Santa Fe Presents: We are People Here: Banking on New Mexico Project with KSFR Radio Host Xubi Wilson

09/14/2014 11:00 am

Join Xubi Wilson as he discusses: What is a Public Bank, and who might benefit from one.

Public Banks are banks that are owned by the people through their representative governments (a Tribe, a City, a County, or a State).Public Banks are different from privately owned banks because they are required to serve the public good not a private corporation.Public Banks are funded by government taxes, fees, and earnings, not by individual deposits of people. They cooperate with and support community banks.

New Mexico, its municipalities, counties and tribes will benefit because they would not be required to pay fees in the millions to banks that hold its deposits. We all benefit when public banking is directed to grow an environmentally sustainable economy.

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