Host Per Fagereng speaks with Walt McRee, Chair of the Public Banking Institute, about the too-big-to-fail banks that dominate the American banking system and how they have virtually unchallenged control in financing the future fiscal prospects of America’s cities, counties and states.
Walt McRee says that funding municipal needs has too often relied on exploitive funding mechanisms that relegate public interest to the hands of powerful private banking interests. But now, for the first time in almost 100 years, many American cities and states are considering a dramatic reversal of this situation with the creation of publicly-owned public interest banks. How can we retain control of our tax dollars to invest at home instead of sending it off to Wall Street? He and Per discussio how a public bank of Portland could free up enormous new financial resources to build the Portland we all want with the money we already have.
Walt McRee speaks on "Affording the Portland We Want" on Thursday, October 20, 2016 7 - 9 PM (Doors open at 6:30 PM) First Unitarian Church, SW 12�� and Salmon St, Portland Admission: $5-20, no one turned away for lack of funds
- KBOO