Washingtonians for Public Banking

THIS GIVING TUESDAY SUPPORT PUBLIC BANKING During this holiday season, it is important to reflect on the history and purpose of Thanksgiving.

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...

From Coast to Coast, the Public Banking Movement Grows By: Marco Rosaire Rossi

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...

‘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.

“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...

YouTube video by Washingtonians For Public Banking “The Past and Future of the Consumer Financial Protection Bureau.”

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

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...

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…

"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...

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...

"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...

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...

“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...

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...

"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-...

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...

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

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.

“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...

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.

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...

Trump pardons convicted Binance founder Changpeng "CZ" Zhao The company had been lobbying Trump for more than a year.

"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...

The Bank of North Dakota Helps State Weather Federal Shutdown By: Marco Rosaire Rossi

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...

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.

“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...

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...

“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...

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...

“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...

The Federal Reserve System Should be a System of Public Banks By: Marco Rosaire Rossi

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...

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.

“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...

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.

“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...

YouTube video by Washingtonians For Public Banking Understanding the Federal Reserve's Payment System with Prof. Ronnie Phillips

Check out WPB's most recent Virtual Town Hall featuring Prof. Ronnie Phillips.

youtu.be/rTwO9ysSFSU

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.

“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...

Tonight!!!

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...

"... 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...