Tags Municipal bank
Tag: municipal bank
The campaign to “move your money” has gotten a groundswell of support. Having greater impact would be to “move our money” — move our local government revenues out of Wall Street banks into our own publicly-owned banks. The San Francisco bank proposal is sponsored by city Supervisor John Avalos.
Seven San Francisco mayoral candidates have asked the U.S. Department of Justice to send in election observers and monitors and federal investigators to protect San Franciscans’ voting rights from the official mayoral campaign of Interim Mayor Ed Lee and from the “independent expenditure committee” also trying to elect him outside the campaign spending confines of the official campaign.
A municipal bank is finally on the table, and Supervisor and mayoral candidate John Avalos has scheduled a public hearing at San Francisco City Hall for Oct. 24, 10 a.m., in Room 250. There will be time for public comment. At least four mayoral candidates are outspoken advocates for a municipal bank: Supervisor Avalos, Public Defender Jeff Adachi, Terry Baum of the Green Party and state Sen. Leland Yee.