February 9, 2017
Oakland, like several other cities around the country, is currently studying the feasibility of establishing a public bank. This type of banking offers enormous benefits for our local economy. We should move ahead with founding the Public Bank of Oakland as rapidly as possible. The Public Bank of Oakland will serve the people of Oakland by retaining the bank’s profits as public property to be used for our common good. Through public banking, we can help our own communities thrive rather than enrich the shareholders of Chase, where Oakland’s monies are now deposited, and other private banks. Learn all about public banking at a public forum Thursday, Feb. 9, 6pm, Oakland City Hall.