{"id":6181,"date":"2017-09-17T12:07:23","date_gmt":"2017-09-17T19:07:23","guid":{"rendered":"http:\/\/occupysf.net\/?p=6181"},"modified":"2017-09-17T12:07:24","modified_gmt":"2017-09-17T19:07:24","slug":"time-california-state-bank-gayle-mclaughlin","status":"publish","type":"post","link":"https:\/\/occupysf.net\/index.php\/2017\/09\/17\/time-california-state-bank-gayle-mclaughlin\/","title":{"rendered":"“Time for a California State Bank” by Gayle McLaughlin"},"content":{"rendered":"

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When the big banks were foreclosing on so many families across the country, I did what I could to protect Richmond. We passed a financing program that would take the mortgages of financially underwater properties by eminent domain, where we could then refinance these mortgages for the homeowners on fair financial terms.<\/p>\n

We approved the program – but Wall Street and the big banks were so scared they went to Congress and passed a law to preclude our local effort. Richmond took on Wall Street and lost.<\/p>\n

Our determination is to keep on fighting and organizing!<\/strong><\/p>\n

California can have a bank owned by the people just like the state of North Dakota has a bank owned by the people. We\u2019ll all save money on financing for schools and roads, affordable housing, and hospitals, and the thousands of cannabis growers across the state will have a bank for their legal produce. A people\u2019s bank for California will also allow innovative support mechanisms for new small businesses and other innovative enterprises. Let\u2019s take our money back from Wall Street and the multinational banks!<\/p>\n

In 2012, California tried to create a state bank with AB 2500, which had wide progressive support. However, corporate-controlled legislators killed the bill on behalf of the California Bankers Association.<\/p>\n

As Lieutenant Governor, a public bank will be a top priority for me. Imagine how we will pass public banking legislation as more than 100 organizing California communities! Sacramento is going to hear us, loudly!<\/p>\n

If you\u2019re working on public banking in your own community, please reach out – we want to share resources and encourage your efforts! And if you\u2019d like to support the campaign as we educate and organize on public banking,\u00a0please give here today<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

When the big banks were foreclosing on so many families across the country, I did what I could to protect Richmond. We passed a financing program that would take the mortgages of financially underwater properties by eminent domain, where we could then refinance these mortgages for the homeowners on fair… 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\/6181"}],"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=6181"}],"version-history":[{"count":1,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/6181\/revisions"}],"predecessor-version":[{"id":6183,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/6181\/revisions\/6183"}],"wp:attachment":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/media?parent=6181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/categories?post=6181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/tags?post=6181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}