{"id":18819,"date":"2021-05-21T11:47:14","date_gmt":"2021-05-21T18:47:14","guid":{"rendered":"http:\/\/occupysf.net\/?p=18819"},"modified":"2021-05-21T11:48:03","modified_gmt":"2021-05-21T18:48:03","slug":"ralph-nader-writes-a-letter-pressing-congress-for-comprehensive-hearings-on-public-banking","status":"publish","type":"post","link":"http:\/\/occupysf.net\/index.php\/2021\/05\/21\/ralph-nader-writes-a-letter-pressing-congress-for-comprehensive-hearings-on-public-banking\/","title":{"rendered":"Ralph Nader writes a letter pressing Congress for comprehensive hearings on public banking"},"content":{"rendered":"\n
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May 20, 2021 (info@publicbankinginstitute.org)

Author and consumer advocate\u00a0Ralph Nader recently sent PBI a\u00a0copy of a letter<\/a>\u00a0he’d penned\u00a0to Representative\u00a0Maxine Waters and Senator\u00a0Sherrod Brown requesting that the committees they chair — the U.S. House Committee on Financial Services\u00a0and the U.S. Senate Committee on Banking, Housing, and Urban Affairs, respectively — launch comprehensive hearings on public banking. In the letter, Nader describes the value these hearings would bring and recommends PBI Chair Ellen Brown be among those to give testimony.\u00a0

Nader writes:\u201cThe giant Wall Street banks have been operating in an undeserved paradise \u2013 huge, huge profits, a near-zero interest rate-driven Federal Reserve against 150 million savers, quantitative easing and implied Washington bailout guarantee if the big boys get too greedy and start another collapse of the economy. Plus, off-the-wall executive compensation accorded by powerless shareholders keeps getting worse even during the Covid-19 pandemic. With all this, these banks are not performing their investment duty for our economy and have been shifting increasingly into speculative activity on their own behalf.\u00a0

Necessary public investments await public infrastructure banks.<\/strong>

\u201cVery often, when movements are bubbling up back home, it takes Congressional visibility and education to move to the next stage.\u201d

[read the letter<\/a>]<\/td><\/tr><\/tbody><\/table>\n","protected":false},"excerpt":{"rendered":"

May 20, 2021 (info@publicbankinginstitute.org) Author and consumer advocate\u00a0Ralph Nader recently sent PBI a\u00a0copy of a letter\u00a0he’d penned\u00a0to Representative\u00a0Maxine Waters and Senator\u00a0Sherrod Brown requesting that the committees they chair — the U.S. House Committee on Financial Services\u00a0and the U.S. Senate Committee on Banking, Housing, and Urban Affairs, respectively — launch comprehensive… 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\/18819"}],"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=18819"}],"version-history":[{"count":2,"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/18819\/revisions"}],"predecessor-version":[{"id":18823,"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/18819\/revisions\/18823"}],"wp:attachment":[{"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/media?parent=18819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/categories?post=18819"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/tags?post=18819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}