{"id":11038,"date":"2019-02-08T11:18:49","date_gmt":"2019-02-08T19:18:49","guid":{"rendered":"http:\/\/occupysf.net\/?p=11038"},"modified":"2019-02-08T11:18:51","modified_gmt":"2019-02-08T19:18:51","slug":"sf-supervisors-unanimously-approve-calling-for-sacramento-to-allow-a-municipal-bank-in-san-francisco","status":"publish","type":"post","link":"http:\/\/occupysf.net\/index.php\/2019\/02\/08\/sf-supervisors-unanimously-approve-calling-for-sacramento-to-allow-a-municipal-bank-in-san-francisco\/","title":{"rendered":"SF Supervisors unanimously approve calling for Sacramento to allow a municipal bank in San Francisco"},"content":{"rendered":"\n
\"Public<\/figure>\n\n\n\n

posted by\u00a0PUBLIC BANKING INST<\/strong>\u00a0
February 07, 2019<\/p>\n\n\n\n

\"SF<\/figure>\n\n\n\n

SF Public Bank at City Hall. Photo courtesy SF Public Bank<\/em><\/p>\n\n\n\n

On Tuesday, Feb 5, the San Francisco Board of Supervisors unanimously approved a resolution by Sup. Sandra Lee Fewer that supports state legislation that would authorize local government bank charters<\/strong>. As reported by Tim Redmond in 48 Hills<\/em><\/a>:<\/p>\n\n\n\n

\u201cThe more cities get on board, the more pressure legislators will face to approve enabling legislation that would clear the way for a San Francisco public bank.<\/p>

\u201cAnd the overwhelming support in this city suggests strongly that this is an issue whose time has come.<\/strong>\u201d<\/p><\/blockquote>\n\n\n\n

The vote followed a special joint hearing Monday held by the State Assembly Banking and Finance Committee, and a long line of speakers at City Hall who spoke in favor of the resolution.<\/p>\n\n\n\n

Earlier in January, SF advocates met with unexpected overflow crowds<\/a> (Facebook link), including Sup. Fewer, for their People vs Wall Street<\/strong> campaign launch<\/a> (Facebook link). The launch was covered by media outlet El Techolote<\/em> and KALW public radio.<\/p>\n\n\n\n

Ian Firstenberg at the El Techolote<\/em> writes<\/a>:<\/p>\n\n\n\n

\u201cThe coalition\u2019s primary goal is to take power from the capitalist establishment and give the people control over their own money. \u2026<\/p>

\u201cSF Public Banks Coalition<\/a> co-founder Jackie Fielder<\/a>, who said she was inspired to help build the movement after witnessing firsthand the violence that erupted at Standing Rock in 2016, listed a few of the principles that would ideally guide the coalition\u2019s bank. They include: local control, community wealth building, public welfare, accountability and transparency, service to underserved communities, Indigenous rights, and of course public ownership.\u201d<\/p><\/blockquote>\n\n\n\n

KALW public radio in San Francisco talked<\/a> with Jackie Fielder and Matt Remle, co-founder of Mazaska Talks<\/a>:<\/p>\n\n\n\n

\u201cIndigenous water protectors have pushed for cities to divest taxpayer money from private banks that financially support oil pipelines, and proposed creating public banks instead. Advocates say a bank funded by \u2013 and accountable to \u2013 the public could better direct its resources to community-serving projects. What would a financial institution accountable to the public look like?\u201d<\/p><\/blockquote>\n\n\n\n

[Read the full 48 Hills<\/em> article<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"

posted by\u00a0PUBLIC BANKING INST\u00a0February 07, 2019 SF Public Bank at City Hall. Photo courtesy SF Public Bank On Tuesday, Feb 5, the San Francisco Board of Supervisors unanimously approved a resolution by Sup. Sandra Lee Fewer that supports state legislation that would authorize local government bank charters. As reported by Tim… Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/11038"}],"collection":[{"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/comments?post=11038"}],"version-history":[{"count":1,"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/11038\/revisions"}],"predecessor-version":[{"id":11039,"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/11038\/revisions\/11039"}],"wp:attachment":[{"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/media?parent=11038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/categories?post=11038"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/tags?post=11038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}