Public Banks For the People: A Tale of Two Models offered by PBI скачать в хорошем качестве

Public Banks For the People: A Tale of Two Models offered by PBI

www.PublicBankingInstitute.org/at-a-glance/ The provided text from the Public Banking Institute outlines the functional advantages of publicly owned financial institutions compared to private mega-banks and non-depository funds. It highlights how public banks utilize government-owned charters to accept deposits and leverage capital, allowing them to stimulate local economies through productive lending to small businesses. While private global banks often focus on speculative returns and shareholder profits, public banks prioritize transparency and reinvesting earnings back into state or municipal budgets. The source also clarifies the distinctions between various entities, such as credit unions, community development financial institutions, and "green banks," which often lack full banking powers. Ultimately, the material advocates for the public bank model as a superior tool for fostering sustainable growth and ensuring that community wealth remains under local control.