Washingtonians for Public Banking
@waforpublicbanking.bsky.social
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We fight for public banking at all levels of government.
pinned post!
WPB organizes, educates, and advocates for the establishment of public banking in Washington State. We prioritize economic equity, sustainability, and an affordable green economy for Washingtonians over the profits of private financial institutions.
www.waforpublicbanking.org
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waforpublicbanking.org
https://www.waforpublicbanking.org/
about 1 month ago
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Support the Creation of a Washington State Public Bank!
open.substack.com/pub/waforpub...
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Support the Creation of a Washington State Public Bank
Support SB5754: A Public Bank for Washington State
https://open.substack.com/pub/waforpublicbanking/p/support-the-creation-of-a-washington?r=3onq3v&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true
2 days ago
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In her recent interview with Jacobin, the
@mayorofseattle.bsky.social
gives a shout out to Washingtonians for Public Banking and the idea of creating a public bank for Seattle. The future of public financing is here.
jacobin.com/2026/01/mayo...
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Seattle’s New Mayor on Her “Sewer Socialist Mentality”
Ahead of her swearing in today, Seattle mayor Katie Wilson talks to Jacobin about the everyday pressures squeezing working-class people and why she’s a democratic socialist.
https://jacobin.com/2026/01/mayor-wilson-seattle-housing-affordability
4 days ago
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Washington State is considering creating a public bank. A hearing is scheduled for SB5754--a bill to create a public bank in Washington--for January 15th at 4:00 pm. Contact the Senate Ways and Means Committee today and let them know you support SB5754.
app.leg.wa.gov/BillSummary/...
4 days ago
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"World Liberty Financial, the crypto firm affiliated with President Donald Trump’s family, announced Wednesday that it has applied for a banking charter with the Office of the Comptroller of the Currency."
www.politico.com/news/2026/01...
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Trump-linked crypto company applies for federal banking charter
World Liberty Financial is seeking regulatory approval to issue and manage USD1, its dollar-backed stablecoin.
https://www.politico.com/news/2026/01/07/world-liberty-financial-banking-charter-00715408
8 days ago
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“Deep behind the scenes, wholesale financial institutions quietly shape the country’s banking and housing markets. With Mamdani in the New York City mayor’s office, is it time for policymakers to revisit the idea?”
nextcity.org/urbanist-new...
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Wholesale Banks: An Idea Whose Time Has Come Again?
Deep behind the scenes, wholesale financial institutions quietly shape the country’s banking and housing markets. With Mamdani in the New York City mayor’s office, is it time for policymakers to revis...
https://nextcity.org/urbanist-news/wholesale-banks-an-idea-whose-time-has-come-again
9 days ago
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Read the latest Substack from Washingtonians for Public Banking.
open.substack.com/pub/waforpub...
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Now Is the Time for a Seattle Public Bank
By: Marco Rosaire Rossi
https://open.substack.com/pub/waforpublicbanking/p/now-is-the-time-for-a-seattle-public?r=3onq3v&utm_medium=ios&shareImageVariant=overlay
19 days ago
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Visit Washingtonians for Public Banking's website and find a list of public financing and financial reform bills being considered this legislative session.
www.waforpublicbanking.org/advocacy
28 days ago
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“America's biggest banks are ending 2025 with their stock prices at record highs, more assets on their balance sheet, and a level of regulatory freedom they haven't seen in 15 years.”
finance.yahoo.com/news/america...
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America's biggest banks are ending 2025 on top with big growth goals and markets 'wide open'
America's biggest banks are looking to accelerate growth in the year ahead as stocks reach record highs and looser rules push the industry into a new chapter.
https://finance.yahoo.com/news/americas-biggest-banks-are-ending-2025-on-top-with-big-growth-goals-and-markets-wide-open-070002408.html
29 days ago
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WPB organizes, educates, and advocates for the establishment of public banking in Washington State. We prioritize economic equity, sustainability, and an affordable green economy for Washingtonians over the profits of private financial institutions.
www.waforpublicbanking.org
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waforpublicbanking.org
https://www.waforpublicbanking.org/
about 1 month ago
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Washingtonians for Public Banking cannot survive without your support. Please consider donating to the organization. Any amount is appreciated.
givebutter.com/52D60Q
about 1 month ago
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SB 5754, a bill to establish a public bank in Washington state, is alive in the Senate Ways and Means Committee. Click on the link to send a letter today to the Senate Ways and Means Committee telling them that you support the passage of SB 5754.
bit.ly/SB5754
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Pass SB5754: An Act Relating to the creation of the Washington state public bank
Now is the time for the Washington State Public Bank. Despite years of economic growth, Washington is now in a position where it will face chronic deficits. These deficits couldn’t come at a worst ti...
https://bit.ly/SB5754
about 1 month ago
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"In 1975, Wall Street declared war on New York, sending the city into a fiscal crisis. A forgotten public banking proposal in the state assembly could have stopped it — and put both the city and the country on the path to socialized finance."
jacobin.com/2025/12/nyc-...
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New York City’s Forgotten Public Bank Plan
In 1975, Wall Street declared war on New York, sending the city into a fiscal crisis. A forgotten public banking proposal in the state assembly could have stopped it — and put both the city and the co...
https://jacobin.com/2025/12/nyc-public-bank-mamdani-finance/?utm_source=substack&utm_medium=email
about 1 month ago
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On this giving Tuesday, decide to give to Washingtonians for Public Banking. Your funds will support the public banking movement in Washington State and beyond.
waforpublicbanking.substack.com/p/this-holid...
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THIS GIVING TUESDAY SUPPORT PUBLIC BANKING
During this holiday season, it is important to reflect on the history and purpose of Thanksgiving.
https://waforpublicbanking.substack.com/p/this-holiday-season-support-public
about 2 months ago
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Check out WPB's latest substack post: "From Coast to Coast, the Public Banking Movement Grows." "From coast to coast, 2025 witnessed a blossoming of support for public banking, especially on the local level."
waforpublicbanking.substack.com/p/from-coast...
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From Coast to Coast, the Public Banking Movement Grows
By: Marco Rosaire Rossi
https://waforpublicbanking.substack.com/p/from-coast-to-coast-the-public-banking
about 2 months ago
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“The Federal Reserve is poised to frustrate President Donald Trump. Again. Central bank policymakers are increasingly split over whether they should lower interest rates in December…”
www.politico.com/news/2025/11...
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‘I’d love to fire his ass’: Trump fumes at Powell as Fed splits over rates
The president is under fire from Democrats for what they say is his failure to bring down prices, and polls show voters lack confidence in his economic leadership.
https://www.politico.com/news/2025/11/20/fed-jerome-powell-trump-00660065
about 2 months ago
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Watch WPB's most recent Virtual Town Hall featuring Prof. Chris Peterson titled "The Past, Present, and Future of the Consumer Financial Protection Bureau" on our YouTube Channel:
youtu.be/ZxGqy0fxyYI
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“The Past and Future of the Consumer Financial Protection Bureau.”
YouTube video by Washingtonians For Public Banking
https://youtu.be/ZxGqy0fxyYI
about 2 months ago
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Congratulations to Tiffani McCoy, president of Washingtonians for Public Banking and co-executive director for House Our Neighbors, for being picked to join mayor-elect Katie Wilson’s transition team.
komonews.com/news/local/s...
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Seattle Mayor-elect Katie Wilson unveils powerhouse transition team of local leaders
Seattle Mayor-Elect Katie Wilson has unveiled the team that will guide her transition into office.
https://komonews.com/news/local/seattle-mayor-elect-katie-wilson-unveils-powerhouse-transition-team-of-local-leaders-trump-harrell-vote-ballot-democratic-socliast-socialism-community-homeless-affordable-housing-safety-economy-transit-nonprofit-organization
about 2 months ago
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"Raising taxes on the wealthy is not Mamdani’s only funding proposal. His vision for economic justice and municipal ownership also includes a public bank. In his June 2025 primary speech, he pledged to create a city-owned bank..."
scheerpost.com/2025/11/17/e...
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Ellen Brown: Why New York City Needs a Public Bank
Wikimedia Commons By Ellen Brown / Original to ScheerPost “We will build a city-owned bank — not to serve shareholders, but to serve you. A bank that invests in housing, in transit, in climate resi…
https://scheerpost.com/2025/11/17/ellen-brown-why-new-york-city-needs-a-public-bank/?utm_source=substack&utm_medium=email
about 2 months ago
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"Analysis finds that exposure to recent trade shocks was concentrated in large banks, including the six largest U.S. banks with strong ties to the global financial system."
www.frbsf.org/research-and...
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How Much Are Banks Exposed to Trade Policy Changes? - San Francisco Fed
Banks may be indirectly exposed to trade policy through lending and through the broader effects of trade on the economy. Analysis finds that exposure to recent trade shocks was concentrated in large b...
https://www.frbsf.org/research-and-insights/publications/economic-letter/2025/11/how-much-are-banks-exposed-to-trade-policy-changes/
2 months ago
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reposted by
Washingtonians for Public Banking
3 months ago
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3 months ago
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“Since 2016, banks have provided $15 billion in direct financing for oil and gas extraction in the Amazon, according to a
Stand.earth
analysis of transactions from 330 banks.”
news.mongabay.com/2025/11/thes...
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Stand.earth - For the people and places you love
For more than twenty years, we’ve been utilizing cutting-edge research, building equitable power with frontline communities, and leveraging mass movements to make a real impact on the health and wellb...
https://Stand.earth
2 months ago
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2 months ago
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"In a unanimous vote, the San Francisco Board of Supervisors took a major step toward creating the nation’s first municipal public bank."
davisvanguard.org/2025/11/san-...
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San Francisco's Green Bank Initiative Gains Momentum with Unanimous Board Vote - Davis Vanguard
The San Francisco Board of Supervisors voted unanimously to explore the creation of a city-run "green bank" to support renewable energy, affordable housing and small businesses, potentially making San...
https://davisvanguard.org/2025/11/san-francisco-municipal-public-bank/
2 months ago
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In this episode of Pacific Time, host Greg Amrofell talks with Marco Rossi, a public banking advocate and legislative strategist with Washingtonians for Public Banking. Together, they explore how public banks could equip us to address our own challenges.
www.pacifictimepodcast.com/35
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Pacific Time: The "What if...?" of West Coast Independence | 35 What If Public Banks Based Here Bought Us Resilience? With Marco Rosaire Rossi
What if banking our own money on the West Coast could help us fund housing, infrastructure, and small business growth? And what if it bought us greater financial freedom from Wall Street and Washin...
https://www.pacifictimepodcast.com/35
2 months ago
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“The Federal Reserve on Wednesday cut its benchmark interest rate by 0.25 percentage points, but Chair Jerome Powell hinted that the central bank might pause before further lowering borrowing costs.”
www.cbsnews.com/amp/news/fed...
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Federal Reserve cuts interest rates by 0.25 percentage points amid weaker labor market
The Fed on Wednesday announced its second interest-rate cut of 2025, reducing borrowing costs in a move to spur U.S. hiring.
https://www.cbsnews.com/amp/news/federal-reserve-interest-rate-decision-today-fomc-meeting/
3 months ago
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3 months ago
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In the first half of this year, the Trump Organization’s income soared 17-fold to $864 million from $51 million a year earlier… (largely based on) crypto trade information and other sources.”
www.reuters.com/investigatio...
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Inside the Trump family’s global crypto cash machine
The U.S. president’s family raked in more than $800 million from sales of crypto assets in the first half of 2025 alone, a Reuters examination found, on top of potentially billions more in unrealized “on paper” gains. Much of that cash came from foreign sources as Donald Trump's sons touted their business on an international investor roadshow.
https://www.reuters.com/investigations/inside-trump-familys-global-crypto-cash-machine-2025-10-28/
3 months ago
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"President Trump has pardoned Changpeng Zhao, better known as CZ, the founder of crypto exchange Binance, according to a statement from the White House."
www.axios.com/2025/10/23/t...
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Trump pardons convicted Binance founder Changpeng "CZ" Zhao
The company had been lobbying Trump for more than a year.
https://www.axios.com/2025/10/23/trump-pardon-binance-cz
3 months ago
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Check out WPB's latest Substack Post: "The government shutdown continues, with no apparent end in sight. But the Bank of North Dakota as an answer for the nation."
open.substack.com/pub/waforpub...
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The Bank of North Dakota Helps State Weather Federal Shutdown
By: Marco Rosaire Rossi
https://open.substack.com/pub/waforpublicbanking/p/the-bank-of-north-dakota-helps-state?r=3onq3v&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false
3 months ago
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3 months ago
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“San Francisco is laying the groundwork to become the first city in the country to have a municipal bank, with supporters exploring their next steps.”
www.kqed.org/news/1205885...
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San Francisco Public Bank Supporters Eye 2026 Ballot Measure | KQED
San Francisco is laying the groundwork to become the first city in the country to have a municipal bank, with supporters exploring their next steps.
https://www.kqed.org/news/12058853/san-francisco-public-bank-supporters-eye-2026-ballot-measure?fbclid=IwVERDUANTfeVleHRuA2FlbQIxMQABHiCx6Wfvr5Lo4kF0HbNyT-n-_y4CXxxYpgHkdl_0ncCpyYDzW62K4wdedhdz_aem_Zf9h5h127x4dJ0yBsBqkaw
3 months ago
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“Bankification today accounts for the highest profit margins in the US economy, crippling productive capacity and setting the stage for the next crash.”
jacobin.com/2025/10/bank...
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Everything Is Becoming a Bank
Most major corporations — from airlines to social media platforms — now aspire to become unregulated banks. Bankification today accounts for the highest profit margins in the US economy, crippling pro...
https://jacobin.com/2025/10/bankification-financialization-debt-interest-credit
3 months ago
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“Global financial messaging network SWIFT and more than 30 global banks announced on Monday they were now working "at pace" on making cross-border payments instantaneous and on a system capable of handling the various new forms of digital money.”
finance.yahoo.com/news/swift-t...
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SWIFT and top global banks working on blockchain-based overhaul
LONDON (Reuters) -Global financial messaging network SWIFT and more than 30 global banks announced on Monday they were now working "at pace" on making cross-border payments instantaneous and on a syst...
https://finance.yahoo.com/news/swift-top-global-banks-working-073109077.html
4 months ago
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Read the latest Substack article from Washingtonians for Public Banking: "The Federal Reserve System Should be a System of Public Banks"
open.substack.com/pub/waforpub...
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The Federal Reserve System Should be a System of Public Banks
By: Marco Rosaire Rossi
https://open.substack.com/pub/waforpublicbanking/p/the-federal-reserve-system-should?r=3onq3v&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false
4 months ago
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“Stablecoin giant Tether Holdings is hoping to raise up to $20 billion in a private placement that could give the company a monetary value of up to $500 billion, Bloomberg reported on Tuesday, citing two unnamed sources.”
finance.yahoo.com/news/stablec...
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Stablecoin Titan Tether Seeks $500 Billion Valuation on $20 Billion Raise: Report
Tether would potentially join the ranks of OpenAI and SpaceX, which received similar valuations.
https://finance.yahoo.com/news/stablecoin-titan-tether-seeks-500-232914979.html
4 months ago
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“If the president takes over the Federal Reserve, he will have extraordinary power to reward his friends and destroy his enemies.”
www.theatlantic.com/economy/arch...
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Trump Is Getting Closer to Having an ‘Infinite Money Pit’
If the president takes over the Federal Reserve, he will have extraordinary power to reward his friends and destroy his enemies.
https://www.theatlantic.com/economy/archive/2025/09/trump-federal-reserve-control-unchecked-power/684279/
4 months ago
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Check out WPB's most recent Virtual Town Hall featuring Prof. Ronnie Phillips.
youtu.be/rTwO9ysSFSU
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Understanding the Federal Reserve's Payment System with Prof. Ronnie Phillips
YouTube video by Washingtonians For Public Banking
https://youtu.be/rTwO9ysSFSU
4 months ago
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“The Federal Reserve on Wednesday lowered its benchmark interest rate by 0.25 percentage points — its first cut since December — as the U.S. grapples with a stalling labor market and slower economic growth.”
www.cbsnews.com/amp/news/fed...
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Federal Reserve lowers interest rates by 0.25 percentage points in first cut since December
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
https://www.cbsnews.com/amp/news/federal-reserve-fomc-meeting-today-rate-cut-september-2025-powell-impact/
4 months ago
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Tonight!!!
add a skeleton here at some point
4 months ago
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"... Donald Trump cannot remove Lisa Cook from the Federal Reserve’s Board of Governors for now, a federal appeals court said in an emergency ruling Monday, just hours before the central bank’s two-day monetary policy meeting was set to kick off."
www.cnn.com/2025/09/15/b...
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Appeals court rejects Trump’s bid to fire Fed Governor Lisa Cook | CNN Business
President Donald Trump cannot remove Lisa Cook from the Federal Reserve’s Board of Governors for now, a federal appeals court said in an emergency ruling Monday, just hours before the central bank’s t...
https://www.cnn.com/2025/09/15/business/lisa-cook-fed-board-trump-appeals-court
4 months ago
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4 months ago
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“Ten Democratic senators called on the Senate Banking Committee to hold hearings into the role that financial institutions may have played in enabling Jeffrey Epstein’s sex crimes.”
www.nytimes.com/2025/09/11/u...
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Democrats Want JPMorgan and Other Banks to Testify Over Epstein Ties
https://www.nytimes.com/2025/09/11/us/politics/epstein-jpmorgan-banks-senate-letter.html
4 months ago
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“The U.S. Federal Reserve is an outlier among central banks in developed markets, as it looks set to resume rate cuts just as many of its peers are reaching the end of their easing cycles.”
www.reuters.com/business/fin...
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US Fed looks set to resume rate cuts just as its peers are nearly done
The U.S. Federal Reserve is an outlier among central banks in developed markets, as it looks set to resume rate cuts just as many of its peers are reaching the end of their easing cycles.
https://www.reuters.com/business/finance/global-markets-cenbank-graphic-2025-09-11/
4 months ago
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4 months ago
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“Until JPMorgan dropped him as a client in 2013, America’s leading bank financially enabled the century’s most notorious sexual predator.”
www.nytimes.com/2025/09/08/w...
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Jeffrey Epstein’s Bankers
https://www.nytimes.com/2025/09/08/world/jeffrey-epstein-jpmorgan-us-open.html
4 months ago
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“U.S. Senators Elizabeth Warren and Bernie Sanders blasted the nation's top six lenders for easing regulations to enrich shareholders instead of boosting lending to businesses and households.”
finance.yahoo.com/news/us-sena...
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US senators Warren, Sanders urge big banks to boost loans instead of dividends
U.S. Senators Elizabeth Warren and Bernie Sanders blasted the nation's top six lenders for easing regulations to enrich shareholders instead of boosting lending to businesses and households. Banks ar...
https://finance.yahoo.com/news/us-senators-warren-sanders-urge-161052337.html
4 months ago
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Join the American Monetary Institute online for its Annual Conference, September 19–28, 2025. The conference is a global gathering of scholars and citizens who want a money system that serves people and planet, instead of private interests. Register here:
monreform.org/ami-conferen...
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Avarice, Power, and the Future of Money
🚀 Join AMI & 15 global orgs to Reclaim Finance for People and Planet! Secure your spot now!
https://monreform.org/ami-conference-2025/?utm_source=chatgpt.com
4 months ago
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“…President Trump's family earned some $5 billion — at least on paper — as their latest cryptocurrency venture launched. Now a "token" from World Liberty Financial, the crypto business co-founded last year by Trump and his sons, is trading publicly.”
www.npr.org/2025/09/03/n...
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How Trump's latest crypto launch enriches his family
The president and his sons made $5 billion on paper as their cryptocurrency started trading — highlighting the extraordinary degree to which they are personally profiting from Trump's return to the Ov...
https://www.npr.org/2025/09/03/nx-s1-5527047/trump-crypto-family-world-liberty-financial
4 months ago
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“While Donald Trump’s attacks on the Fed are deeply authoritarian, the institution itself is far from blameless. From the 2008 crash to the pandemic, its primary aim has been to protect the interests of the wealthy.”
jacobin.com/2025/09/fede...
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The Fed Has Never Been Independent
While Donald Trump’s attacks on the Fed are deeply authoritarian, the institution itself is far from blameless. From the 2008 crash to the pandemic, its primary aim has been to protect the interests o...
https://jacobin.com/2025/09/federal-reserve-independence-finance-trump
5 months ago
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