Washingtonians for Public Banking
@waforpublicbanking.bsky.social
📤 121
📥 35
📝 173
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/
4 months ago
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"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...
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The Coming Credit Union Decline?
By: Marco Rosaire Rossi
https://open.substack.com/pub/waforpublicbanking/p/the-coming-credit-union-decline?r=3onq3v&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true
about 4 hours ago
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"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...
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Help Us Bring the President of the Bank of North Dakota to Washington
Donate to transform the public banking movement in Washington
https://open.substack.com/pub/waforpublicbanking/p/help-us-bring-the-president-of-the?r=3onq3v&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true
14 days ago
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reposted by
Washingtonians for Public Banking
16 days ago
#Seattle
, the loop had a moment yesterday. Follow
#moneyontheleft
and the organizing project for a municipal bank. We meet with
@waforpublicbanking.bsky.social
today! 🐬➰🐬
add a skeleton here at some point
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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/...
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Why Banks Are Closing Branches Across the Country
Banks have closed thousands of branches in the last decade. Here's what's driving it and what it means for you.
https://www.fool.com/money/banks/articles/why-banks-are-closing-branches-across-the-country/
16 days ago
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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...
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Appoint Public Banking Experts to the Public Banking Work Group
The Public Banking Work Group that was part of SB5998 is a historic opportunity. The state has dedicated resources to drafting a serious public banking implementation plan. To ensure the work group's ...
https://actionnetwork.org/letters/appoint-public-banking-experts-to-the-public-banking-work-group?source=direct_link&
17 days ago
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"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...
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Governor To Sign Bill Creating Public Banking Work Group
By: Marco Rosaire Rossi
https://waforpublicbanking.substack.com/p/governor-to-sign-bill-creating-public
26 days ago
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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
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"Update on the National Infrastructure Bank"
YouTube video by Washingtonians For Public Banking
https://youtu.be/jHcZlYH1hQo
about 1 month ago
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about 1 month ago
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"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...
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Out of the Shadows: Public Banking for Municipal Finance
By Tyler Suksawat & Scott Ferguson In a recent essay, we advanced a proposal for sub-federal governments to sell municipal bonds to their own public banks. We took the city as our primary point…
https://moneyontheleft.org/2026/03/03/out-of-the-shadows-public-banking-for-municipal-finance/
about 1 month ago
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“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/...
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Trump sides with crypto firms in trillion-dollar battle with banks over stablecoin yield
The dispute centers on whether crypto firms like Coinbase can offer yields on stablecoins, which banks warn will siphon trillions of dollars from the industry.
https://www.cnbc.com/amp/2026/03/04/trump-crypto-banks-stablecoin-yield.html
about 2 months ago
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about 2 months ago
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“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...
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Bitcoin climbs toward $70,000 level as U.S. equities rise: CNBC Crypto World
On today's episode of CNBC Crypto World, bitcoin is on pace to break a multi-week losing streak. Also, Trump family-backed crypto platform World Liberty Financial says it was targeted by a 'coordinate...
https://www.cnbc.com/video/2026/02/25/bitcoin-climbs-toward-70000-level-as-us-equities-rise-cnbc-crypto-world.html
about 2 months ago
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“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...
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Trump administration reportedly weighs move to bar non-citizens from banks
The policy would require banks to solicit documentation from current customers as well as future ones, multiple outlets reported.
https://www.axios.com/2026/02/24/trump-banks-immigrants-citizenship-requirements
about 2 months ago
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“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...
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Public Banking Proposals Gradually Move Forward
By: Marco Rosaire Rossi
https://open.substack.com/pub/waforpublicbanking/p/public-banking-proposals-gradually?r=3onq3v&utm_medium=ios
about 2 months ago
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“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...
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Supreme Court strikes down Trump’s sweeping tariffs, sparking fierce pushback and vow of new levies
President Donald Trump says he's imposing a temporary global tariff of 10% after his far-reaching tariff regimen was struck down by the Supreme Court.
https://apnews.com/article/supreme-court-tariffs-trump-0485fcda30a7310501123e4931dba3f9#
about 2 months ago
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"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...
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The Crypto Chokehold
Trump’s return has vaulted pro-crypto interests into power. As they capture ever more Democrats, the political will to stop them is dwindling.
https://www.bostonreview.net/articles/the-crypto-chokehold/
about 2 months ago
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Tomorrow!
2 months ago
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“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...
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Crypto’s battle with the banks is splitting Trump’s base
A fight over stablecoin rules is really about whether deposits at major financial institutions will disappear
https://www.ft.com/content/67188f14-04da-4ad0-81c5-d913cfe85043
2 months ago
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“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...
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In a blow to the banks, pioneering swipe fee law survives first legal challenge
Article Summary A federal judge has upheld a first-of-its-kind Illinois law that protects consumers and retailers from paying so-called credit
https://capitolnewsillinois.com/news/in-a-victory-for-consumers-pioneering-swipe-fee-law-survives-first-legal-challenge/
2 months ago
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“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...
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Banks sharpen stance on stablecoin rules during White House clash as key crypto bill remains on ice
Wall Street banks and the crypto industry remain at an impasse over a key piece of legislation.
https://finance.yahoo.com/news/banks-sharpen-stance-on-stablecoin-rules-during-white-house-clash-as-key-crypto-bill-remains-on-ice-123002045.html
2 months ago
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“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...
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The Bank Charter Boom Is Creating Very Different Kinds of Banks | PYMNTS.com
Bank charters represent the operating system (OS) for the U.S. financial sector. But not all charters are created equal, and the differences matter
https://www.pymnts.com/news/banking/2026/the-bank-charter-boom-is-creating-very-different-kinds-of-banks/
2 months ago
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"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...
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‘It sucks’: Crypto gets a rude awakening to kick off Trump’s second year
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.
https://www.politico.com/news/2026/02/06/trump-crypto-market-00768669
2 months ago
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2 months ago
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"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...
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Chicago bank fails, becoming first in nation to go under in 2026
Regulators shut down Metropolitan Capital Bank & Trust in River North on Friday. Detroit-based First Independence Bank acquired all its deposits.
https://chicago.suntimes.com/business/2026/01/31/chicago-bank-fails-metropolitan-capital-fdic
2 months ago
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"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...
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S.F. supervisor proposes tax to fund a public bank
The tax would raise $40-50 million a year and start San Francisco on the road to being the first U.S. city with a municipal public bank.
https://missionlocal.org/2026/02/sf-jackie-fielder-public-bank-ballot-measure-tax/
3 months ago
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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...
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Supporters Testify In Favor of Public Banking Legislation
By: Marco Rosaire Rossi
https://open.substack.com/pub/waforpublicbanking/p/supporters-testify-in-favor-of-public?utm_campaign=post-expanded-share&utm_medium=post%20viewer
3 months ago
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"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...
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S.E.C. Drops Case Against Cryptocurrency Firm Founded by Winklevoss Twins
https://www.nytimes.com/2026/01/23/us/politics/sec-crypto-winklevoss.html
3 months ago
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Thank you to all the supporters who came out for the Senate Ways and Means committee to support SB5754, the bill to create a public bank in Washington. You can use the link below to view the work session and the public hearing.
tvw.org/video/senate...
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Senate Ways & Means - TVW
Public Hearing: SB 5754: Creating the Washington state public bank. Work Session: Joint Legislative Audit and Review Committee (JLARC) tax preference
https://tvw.org/video/senate-ways-means-2026011138/?eventID=2026011138
3 months 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
3 months 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
3 months 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/...
3 months 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
3 months 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
3 months 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
4 months 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
4 months 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
4 months 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/
4 months 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
4 months 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
4 months 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
5 months 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
5 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
5 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
5 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
5 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
5 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
5 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/
5 months ago
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reposted by
Washingtonians for Public Banking
6 months ago
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reposted by
Washingtonians for Public Banking
6 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
5 months ago
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