Support for public banks growing

Truthout - A specter is haunting Wall Street: the public banking movement, which vows to replace private banks’ influence in public affairs.This movement is gaining traction in states and cities across the U.S. as motions to advance public banking are emerging in legislative halls from California to New York. In response to this momentum, hope is growing that the first U.S. public bank in 100 years will form in the foreseeable future. As this movement gains momentum, sparking a chain reaction, a mass switch to public banks could shift untold billions from the coffers of Wall Street into Main Streets everywhere, ushering in a new economic order of democratized finance.