Public or private banks: which is more efficient? Public banks offer more support for a wider range of borrowers and stabilize the economy rather than de-stabilize it

From the Real News Network. Link to study: https://www.peri.umass.edu/publication/item/1036-does-greater-public-ownership-in-the-financial-system-promote-superior-performance Devika Dutt is a PhD candidate in Economics in the Department of Economics at the University of Massachusetts Amherst. She is also a research assistant at the Political Economy Research Institute. Her research explores alternative ways of organizing financial markets and financial market reform. GREGORY WILPERT: Welcome to The Real News Network. …

How can the community banks be preserved and nurtured?

How can the community banks be preserved and nurtured? For some ideas, we can look to a state where they are still thriving – North Dakota. In an article titled “How One State Escaped Wall Street’s Rule and Created a Banking System That’s 83% Locally Owned,” Stacy Mitchell writes that North Dakota’s banking sector bears little resemblance to that of …

The Long Game For Progressives: areas to start being proactive

By John Atcheson on Common Dreams 24 Aug 2017 “Progressive values include fairness, equity, a level-playing field, compassion, justice, reverence for our planet and environment, and a genuine pursuit of peace, not war – all things which play extremely well in the hearts of Americans, not to mention in political polling. One of the reasons Sanders is the most popular politician in America is …

Why are banks still operating in tax havens?

By Antoine d’Abbundo and Mathieu Castagnet in La Croix European regulations oblige banks to publish their profits and taxes on a country-by-country basis. Using these data, the NGO Oxfam yesterday revealed that the twenty biggest European banks remain active in these corporate tax havens and gain a quarter of their profits here. “La Croix” spoke to two experts. Manon Aubry, Senior …