Public Banking Day of Action!

When:
July 29, 2019 all-day America/Los Angeles Timezone
2019-07-29T00:00:00-07:00
2019-07-30T00:00:00-07:00
Where:
Anywhere
Anywhere

Public Banking Day of Action!

WHEN:
July 29, 2019 all-day
WHERE:
Anywhere
CONTACT:

From the California Banking Alliance.

On July 29, the Bank of North Dakota (BND), the only public bank in the United States will celebrate it’s 100 year anniversary. The BND is owned by the people of North Dakota. Founded in 1919, the BND public bank is more profitable than Wall Street banks. The BND escaped the economic crash of 2008 unscathed because it does not get involved in risky or predatory banking practices. It invests in the people of the state and strengthens local communities.

Join us on Monday, July 29 on the Bank of North Dakota’s 100th year centennial, for a day of social media amplification and help us bring awareness to California’s epic fight for our financial independence from Wall Street!

Check out our sample tweets and graphics for the Public Banking Day of Action here.

The Public Banking Act Heads to its Final Committee!

The public banking revolution is growing across the country– it is now on the verge of becoming a reality here in California.

AB 857 is headed into our final committee, Senate Appropriations, in mid-August. AB 857 will then return to the Assembly floor for a second vote due to added amendments, before its last stop on the Senate floor at the end of August.

We’re in the final home stretch before the bill gets signed by Governor Gavin Newsom, but we need your help now to get to the finish line and free California from Wall Street’s stranglehold.

With the establishment of public banks, cities and counties will be able to divest their tax revenues from Wall Street megabanks who use public dollars to finance private prisons, fossil fuels, predatory lending, and weapons industries. Our cities can then leverage our deposit base to invest in equitable, community-driven projects like affordable housing, renewable energy, infrastructure, and small businesses.

California is on our way to making history as the first state in the nation to enable local public banks to recapture the billions paid to private, out-of-state banks and reinvest in our local communities.

Priority Call – Appropriations Committee Chair: Senator Anthony Portantino (San Fernando and San Gabriel Valleys): (916) 651-4025.

Take 3 minutes today to call your Representatives:

  1. Find your CA State Senator and Assemblymember:findyourrep.legislature.ca.gov
  2. Find their Capitol phone number: Senate Democrats Call List / Assembly Democrats Call List
  3. Call your Senator and Assemblymember. Tell the staffer your full name, zip code, and:
  4. “As a constituent, I’m urging the [Senator or Assemblymember] to support AB 857 the Public Banking Act.”
  5. For more information, view our AB 857 Fact SheetFAQs and Endorsements. Visit our AB 857 Resources page.

Public Banking: 100 Years 

Day of Action!

When: Monday, July 29th (100 year anniversary of the Bank of North Dakota) 

Where: Social Media (Facebook, Twitter, IG)

Why: The public banking revolution is growing across the country– it is now on the verge of becoming a reality here in California. With the establishment of public banks, cities will be able to divest their tax revenues from Wall Street megabanks who use public dollars to finance private prisons, fossil fuels, predatory lending, and weapons industries. Our cities can then leverage our deposit base to invest in equitable, community-driven projects like affordable housing, renewable energy, infrastructure, and small businesses. 

On July 29, the only public bank in the United States, the Bank of North Dakota (BND) founded in 1919, will celebrate its centennial. The BND is owned by the people of North Dakota. It is more profitable than Wall Street banks and escaped the economic crash of 2008 unscathed because it does not get involved in risky or predatory banking practices. It invests in the people of the state and strengthens local communities.

Now in California, we have the opportunity to create a new model of banking that will free our cities and counties from Wall Street’s stranglehold: public banking. Imagine billions of dollars that now sit in out-of-state megabanks being redirected to finance local pressing needs. Assembly Bill AB 857 will pave the way for California to become the first state in the nation to enable local public banks. This is history-in-the-making!

Join us on Monday, July 29 on the Bank of North Dakota’s 100th year anniversary, for a day of social media amplification and help us bring awareness to California’s epic fight for our financial independence from Wall Street!

Grab a sample tweet and graphic below or craft your own! 

Hashtags: #PublicBanksNow #100Years

Sample Posts: 

  1. Today is the #100Years anniversary of the @bankofND. It is the only public bank in the country and is the most profitable bank in the U.S. We can now use profit to fund our local communities. Help us pass #AB857 to divest CA from Wall Street and reinvest in Main Street!
  2. From Los Angeles to New York, cities across the nation are fighting Wall Street by pushing for public banks! We don’t have to keep public funds in big banks. We can have public banks fund green energy projects & affordable housing! Call your CA Reps & tell them YES #AB857!
  3. When #AB857 passes, California will make history as the first state in the nation to enable local public banks. Let’s make history and empower our local communities instead of Wall Street bankers. Call your CA Reps today: findyourrep.legislature.ca.gov
  4. The public banking movement is a legacy of Standing Rock in North Dakota. Today is the #100Years of the Bank of North Dakota, the only public bank in the US. We said we wouldn’t rest ‘till we divest & we meant it! Yes #AB857 to divest CA from Wall Street: bit.ly/publicbanksnow
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