Tonight! Don't Miss it!

"An ignored driver of America’s economic inequality... is banking consolidation...[The US has] fundamentally restructured its banking system and this restructuring remains one of the main reasons for the persistence of inequality today." waforpublicbanking.substack.com/p/banking-co...

Register Today: bit.ly/TacDPF

“Seattle just set a new benchmark for credit union banking. In 2025, a record 35% of local households — roughly 557,000 — used a credit union as their primary bank.” www.seattletimes.com/seattle-news...

The tour starts in two weeks. Make sure to register today. Seats are limited and filling up for the Seattle event. open.substack.com/pub/waforpub...

WA's "public deposits are held by two of the most aggressive financiers of fossil fuel projects... Even while Washington takes bold steps to tackle global warming, it undermines its own efforts by depositing its public funds into large megabanks..." open.substack.com/pub/waforpub...

Thank you Liz Lovelett for joining this great event. Don't wait and register today: bit.ly/PB-Bellingham

Register today to hear Don Morgan, President and CEO of the Bank of North Dakota, speak. President Morgan will be touring three cities in Washington state. Join the conversation on public banking. waforpublicbanking.substack.com/p/washington...

Don't wait and register today!

"Ellias says that, in the wake of the 2008 financial crisis, American companies have increasingly turned away from traditional bank financing toward private credit, which is typically backed by investment funds." hls.harvard.edu/today/tradit...

"Public banking is the most conservative possible policy in the literal sense of conserving public money, which means anyone calling themselves fiscally responsible who opposes public banking is admitting they care more about Wall Street’s revenue..." cmarmitage.substack.com/p/we-could-e...

"Central bank independence has been a sacred cow for the last generation in the major capitalist economies. Donald Trump’s appointment of Kevin Warsh as Fed chair symbolizes the beginning of a new era based on overt politicization of monetary policy." jacobin.com/2026/05/wars...

#CreatePublicBanksNow! Happy to start with #SanFrancisco

“…over 17 percent of student loan borrowers have fallen at least 90 days past due on their payments at least once.” libertystreeteconomics.newyorkfed.org/2026/05/fede...

"Washington has faced a series of budgetary crises... It should not let its current Gordian-Credit-Rating-Knot... become the next one. A public bank that utilizes public deposits can solve both problems at once." waforpublicbanking.substack.com/p/untying-wa...

"...Seattle can not only expand public investment through municipal lending and provide residents with low-cost financial services; it can also purchase its own bonds and “loop” the interest back to the city itself, rather than to Wall Street." moneyontheleft.org/2026/05/11/z...

Financing Co-Operatives: Hear from speakers from Shared Capital Col, Salish Sea Co-Operative, and Washingtonians for Public Banking on models of cooperative finance. May 29, 5:30 pm, Vashoun Cohousing Common House Register today: www.eventbrite.com/e/financing-...

“Julian Howard, chief multi-asset investment strategist at GAM Investments, warned that rate-setters are now "on the verge of policy mistake territory" as expectations of rate rises grow.” www.cnbc.com/amp/2026/05/...

@noelframe.bsky.social mentions the Seattle Loop below 👇

"Warren says the vote was all about the president trying to control the Fed because the economy is a mess. She adds that Trump promised lower costs on day one, but the cost of groceries, healthcare, housing and gas have all risen due to his policies." www.npr.org/2026/04/29/n...

"Instead of issuing bonds... Washington state... could charter a public bank. Then, the public bank could loan money to Sound Transit and other governmental entities with better interest rates... than what is currently offered in the private market." thecascadian.com/fund-public-...

Register Today: zoom.us/meeting/regi...

“The Justice Department on Friday dropped a criminal investigation into the Federal Reserve and its chair, Jerome Powell, regarding a renovation project at the central bank's Washington headquarters.” apple.news/AprsTYsAyQKG...

"Throughout the United States, credit unions have been on the steady decline. With the rise of interstate banking in the 1980s and 1990s, the industry has undergone a dramatic period of banking consolidation." open.substack.com/pub/waforpub...

"Help Us Bring BND President to Washington!" Don Morgan, the president of the Bank of North Dakota, has agreed to come to Washington state. WPB is currently fundraising to pay for President Morgan’s trip. Donate today and join the movement! open.substack.com/pub/waforpub...

#Seattle, the loop had a moment yesterday. Follow #moneyontheleft and the organizing project for a municipal bank. We meet with @waforpublicbanking.bsky.social today! 🐬➰🐬

There used to be a bank on every corner. But over the last decade, thousands of bank branches have closed... The big names are still there… but they're operating with fewer physical locations… and the pace of closures hasn't slowed.” www.fool.com/money/banks/...

The Public Banking Work Group is a historic opportunity. To ensure its success, it is essential that supporters contact the Director of DFI and urge him to appoint experts who have a history of supporting public banking. Send a letter today. actionnetwork.org/letters/appo...

"SB5998 also includes Section 156, which appropriates $300,000 for a public banking work group to study the creation of a public bank in Washington between the legislative sessions." waforpublicbanking.substack.com/p/governor-t...

WPB's latest Virtual Town Hall. In this presentation, Alphecca Muttardy, a former senior economist with the International Monetary Fund, discusses HR5356: National Infrastructure Bank Act of 2025, and its potential benefits to the American economy. youtu.be/jHcZlYH1hQo

"Establishing a public bank that regularly purchases municipal debt... would not only significantly expand a city’s fiscal capacity to support its communities and environs, but also reclaim regional public finance from a parasitical... bond market." moneyontheleft.org/2026/03/03/o...

“President Donald Trump has thrown his support behind crypto firms in their high-stakes battle with U.S. banks over whether they can offer interest-like returns on stablecoins.” www.cnbc.com/amp/2026/03/...

“On today’s episode of CNBC Crypto World, bitcoin is on pace to break a multi-week losing streak.” www.cnbc.com/video/2026/0...

“The Trump administration is considering requiring banks to collect proof of citizenship from customers via an executive order, multiple outlets reportedon Tuesday.” www.axios.com/2026/02/24/t...

“Throughout the United States, legislation on public banking continues to move forward, with the movement making slow, but nonetheless persistent, progress.” open.substack.com/pub/waforpub...

“The Supreme Courtstruck down President Donald Trump’s far-reaching global tariffs on Friday, handing him a stinging loss that sparked a furious attack on the court he helped shape.” apnews.com/article/supr...

"Trump’s return has vaulted pro-crypto interests into power. As they capture ever more Democrats, the political will to stop them is dwindling." www.bostonreview.net/articles/the...

Tomorrow!

“The stablecoin saga has now morphed into a fight between competing factions of Trump supporters and donors… And these factional fights matter as much (if not more) for investors than the usual battles between Democrats and Republicans.” www.ft.com/content/6718...

“A federal judge has upheld a first-of-its-kind Illinois law that protects consumers and retailers from paying so-called credit card “swipe fees” on taxes and tips.” capitolnewsillinois.com/news/in-a-vi...

“US banks sharpened their stance this week in a clash with the crypto industry that has put major legislation on ice in Congress.” finance.yahoo.com/news/banks-s...

“The emerging banking landscape increasingly resembles a constellation of pathways, each with its own constraints and powers. For payments, commerce and FinTech, understanding those distinctions is becoming a competitive necessity.” www.pymnts.com/news/banking...

"Bitcoin has plunged from an all-time high of more than $126K in October by nearly 50 percent, even as the president has paved a new era for the industry in Washington." www.politico.com/news/2026/02...

"Regulators shut down Metropolitan Capital Bank & Trust in River North on Friday. Detroit-based First Independence Bank acquired all its deposits." chicago.suntimes.com/business/202...

"San Francisco Supervisor Jackie Fielder will introduce a ballot measure on Tuesday that would tax financial institutions to create a municipal public bank, the first of its kind in the country." missionlocal.org/2026/02/sf-j...

Check out the latest Substack post from Washingtonians for Public Banking "On January 15, Washington State Senate Ways and Means Committee held its work session and public hearing on SB5754, a bill to create a public bank for Washington." open.substack.com/pub/waforpub...

"The agency says that victims of an investment offering involving Gemini Trust got their money back, though after a regulatory action brought by the New York attorney general." www.nytimes.com/2026/01/23/u...