Friday, September 16, 2011

California May Launch Public Bank, Which Could Help Take the Power To Manipulate the System Away From the Insolvent Giant Banks

Source: Washington's Blog
Date: 9/16/2011

California Passes Bill to Study Public Bank

The California legislature has passed a bill to study public banking. If you don’t know what public banking is (North Dakota already has a public bank, which is helping to keep that state in the green) and why this issue is so important – read this and this for background.
This could take away the power of the giant, insolvent banks to manipulate the money system. See this and this.

Governor Brown Is On the Fence On Vetoing Or Signing … But He’s On the Fence

Ellen Brown – whose Public Banking Institute helped pass the bill – says that California governor Jerry Brown is considering vetoing the bill. Brown suggests that Californians call Governor Brown to urge him to sign the bill (AB750) into law:
Governor Jerry Brown
c/o State Capitol, Suite 1173
Sacramento, CA 95814
[Editor's Note: Please see "California Legislature Passes Bill to Study State-owned Bank" by Ellen Brown for further details]