Public Banking Institute - Banking in the Public Interest

Public Banking Institute - Banking in the Public Interest: "Public Banks are...• Viable solutions to the present economic crises in US states.
• Potentially available to any-sized government or community
able to meet the requirements for setting up a bank.
• Owned by the people of a state or community, rather than
by private investors.
• Economically sustainable, because they operate like private
banks
• Able to offset tax increases with returned credit income to
the community.
• Ready sources of credit for local governments, eliminating
the need for large “rainy day” funds.
• Required to promote the public interest, as defined in their
charters.
• Constitutional, as ruled by the U.S. Supreme Court"