{"id":13038,"date":"2019-10-11T10:36:35","date_gmt":"2019-10-11T17:36:35","guid":{"rendered":"http:\/\/occupysf.net\/?p=13038"},"modified":"2019-10-11T10:36:36","modified_gmt":"2019-10-11T17:36:36","slug":"los-angeles-and-san-francisco-announce-they-are-moving-forward-with-plans-to-start-public-banks","status":"publish","type":"post","link":"https:\/\/occupysf.net\/index.php\/2019\/10\/11\/los-angeles-and-san-francisco-announce-they-are-moving-forward-with-plans-to-start-public-banks\/","title":{"rendered":"Los Angeles and San Francisco announce they are moving forward with plans to start public banks"},"content":{"rendered":"\n
\"\"
Celebrating in L.A.<\/figcaption><\/figure>\n\n\n\n

October 10, 2019 (publicbankinginstitute.org)<\/p>\n\n\n\n
Close on the heels of the Public Banking Act being\u00a0signed into law<\/a>\u00a0last week, LA City Council President Herb Wesson announced he will be introducing\u00a0a motion within the week to hire a banking expert to draft a comprehensive plan for a public bank for the City. The\u00a0San Francisco Chronicle<\/em><\/a>\u00a0reported that San Francisco was also pushing ahead with plans for a city-owned bank.

Wesson announced the motion in a\u00a0press conference<\/a>\u00a0(Facebook link) celebrating the unprecedented success of AB 857 in front of Los Angeles City Hall on Monday Oct 7.

Assemblymember Miguel Santiago, co-author of AB 857, emphasized the people power behind the win:\u201cThis is a bill where a people-powered movement took on a huge financial industry [that] extended their tentacles into every office [in Sacramento] and the people power prevailed. \u2026\u00a0The arguments prevailed.<\/strong>\u00a0This bill [built] public confidence that\u00a0we can beat back Wall Street, that we can beat back paid lobbyists<\/strong>. Los Angeles is going to lead. \u2026 [Wall Street\u2019s] going to use all the same old tired arguments. \u2026 We\u2019re going to take them on in Los Angeles.\u201d

Watch the celebration at LA’s victory party!<\/a>\u00a0(Facebook link)

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

October 10, 2019 (publicbankinginstitute.org) Close on the heels of the Public Banking Act being\u00a0signed into law\u00a0last week, LA City Council President Herb Wesson announced he will be introducing\u00a0a motion within the week to hire a banking expert to draft a comprehensive plan for a public bank for the City. The\u00a0San… 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":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/13038"}],"collection":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/comments?post=13038"}],"version-history":[{"count":1,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/13038\/revisions"}],"predecessor-version":[{"id":13040,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/13038\/revisions\/13040"}],"wp:attachment":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/media?parent=13038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/categories?post=13038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/tags?post=13038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}