Bank of North Dakota Celebrates 100 Years of Public Banking

The Bank of North Dakota (BND), the only public bank in the US, celebrated 100 years of economic liberty from Wall Street banks this week. BND was created in 1919 by the grassroots efforts of the Nonpartisan League. Back in the early 1900s in the Gilded Age, railroads and banks were controlled by wealthy east…

Public Banking & the Nonpartisan League: Is It Time for a Financial Revolution?

  During this political season, we have heard a lot about too-big-to-fail banks, corporate greed, politicians on the take, bad trade deals, inequality and … starting a revolution to save the middle class. Just over 100 years ago, at the dawn of the first American Progressive Era, the same conditions sparked a revolution which spread…

New York City

News Review: from Co-ops to Wall Street

Interesting articles on public banking, Wall Street, and cooperative action… How Nebraska Took Its Energy Out of Corporate Hands and Made It Affordable for Everyone Electric power by and for the people: check out this story about electric cooperatives and other publicly owned utilities providing power to $1.8 million people in Nebraska. This harkens back…

Elizabeth Warren

Warren Blasts Corporate Politicians, Calls for Break-Up of CitiGroup (video)

In a fiery but measured speech on the Senate floor, Massachusetts Senator Elizabeth Warren blasted the close ties between CitiGroup, Congress, and the Clinton, Bush, and Obama administrations as Wall Street “cronyism”. Channeling trust-busting, progressive President Teddy Roosevelt, Warren called for “opening up Dodd-Frank to make it tougher” and for an end to “too big…