Published on Feb 2, 2018
Cenk Uygur interviews Phoenix Goodman and Trinity Tran, from DivestLA and co-founders of Public Bank LA, to discuss public banking.
About Divest LA:
Divest LA is a coalition of over 30 progressive, indigenous, and environmental organizations. The movement seeks to end the City of Los Angeles’ financial ties with Wells Fargo for their complicit involvement in fraudulent conduct and predatory practices. Divest LA advocates for greater financial accountability, ethical business practices and for public funds to be placed in socially and environmentally conscious institutions that will protect, strengthen, and enrich our communities.
About Phoenix Goodman – Public Bank LA, Co-Founder:
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Phoenix is a Los Angeles-based advocate for a socially responsible public banking system and Co-Founder of Public Bank LA, a grassroots movement aimed at developing one of the nation’s first municipal public bank in the City of Los Angeles. He co-organized the Divest LA movement which successfully lobbied LA City Hall to withdraw its contracts from Wells Fargo as a result of their unethical business practices. He is a founding member of Revolution LA.
About Trinity Tran – Founder Revolution LA & Divest LA, Co-Founder Public Bank LA:
Trinity is the Founder of Revolution LA, the grassroots progressive organization that became the catalyst for Divest LA and Public Bank LA. In March 2017, she created the Divest LA organization to mobilize activists behind the campaign to move the City of Los Angeles’ public funds from Wells Fargo Bank into ethical financial institutions. In just 9 months, the coalition took on Wells Fargo and won, disqualifying the bank from the City’s commercial banking services. In June 2017, she co-founded the Public Bank LA campaign to create a socially and environmentally chartered city-owned public bank.