Sign in

Washingtonians for Public Banking

@waforpublicbanking.bsky.social
166 followers 35 following 216 posts

We fight for public banking at all levels of government.

PostsRepliesMedia
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 28/09/2026
"Public banking will only be realized through a strong grassroots movement. Will you invest in this shared vision by becoming a monthly donor and help us reach our goal ? Even small contributions of $5 or $10 help us build our organization." waforpublicbanking.substack.com/p/help-us-gu...
waforpublicbanking.substack.com
Help us guarantee a financial future for all Washingtonians!
Washingtonians for Public Banking (WPB) has had its most exciting year yet, and we are feeling a palpable momentum shift for public banking.
011
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 21/09/2026
"legislators should recognize that the budget should not be balanced on the backs of the poor... they need to go after where wealth is concentrated. There are fewer places in our nation where it is more concentrated than in America’s large megabanks." waforpublicbanking.substack.com/p/washington...
waforpublicbanking.substack.com
Washington Needs to Tax Its Megabanks More
By: Marco Rosaire Rossi
021
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 16/09/2026
Register Today: bit.ly/10-20-2026
000
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 12/09/2026
This Monday. Register Today: bit.ly/09-15-26
032
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 10/09/2026
000
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 08/09/2026
Tonight
042
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 21/08/2026
Don't delay and register today. Let's get together and plan a strategy for creating a public bank for King County. www.eventbrite.com/e/1997055308...
053
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 19/08/2026
"If the Clarity Act does eventually get signed into law, and there is an exodus of deposits to stablecoins, the large banks can win back customers by issuing their own stablecoins. The small community banks and credit unions will not be so lucky." znetwork.org/znetarticle/...
znetwork.org
The Privatization of Public Money
Prior to the Senate’s summer recess, lobbyists and advocates of the Digital Asset Market Clarity Act or Clarity Act made a frantic push for the
000
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 19/08/2026
"Recent estimates peg the size of the stablecoin market at around $270 billion. If demand accelerates as quickly as some expect — Bessent has cited projections saying their value could reach $3.7 trillion by 2030 — demand for T-bills will explode." www.politico.com/newsletters/...
politico.com
Stablecoins are here. So is volatility.
It was a brutal day for long-term bonds.
000
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 19/08/2026
New date: Attend our next upcoming Virtual Town Hall with Scott Ferguson on Monday, September 14, 2026. Register Today: bit.ly/09-15-26
010
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 18/08/2026
"So far, five Washington cities—Spokane, Spokane Valley, Kennewick, Anacortes, and La Conner—have all banned crypto kiosks. Spokane, Washington’s second largest city with a population of 470,000, was the first to institute the ban." waforpublicbanking.substack.com/p/washington...
waforpublicbanking.substack.com
Washington State Pushes Back Against Crypto Scammers
By: Marco Rosaire Rossi
021
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 12/08/2026
Tonight!
020
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 04/08/2026
"Proponents are hopeful that a public bank would help the city address some of its most intractable problems, including the housing affordability crisis and solvency for small businesses." www.governing.com/management-a...
governing.com
Does San Francisco Need a Public Bank?
Proponents are hopeful that a public bank would help the city address some of its most intractable problems, including the housing affordability crisis and solvency for small businesses.
093
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 04/08/2026
I hope to see you there. Let's make a public bank happen in Pierce County.
0104
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 31/07/2026
We are sorry to announce that this event has been canceled. We apologize for the inconvenience.
010
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 30/07/2026
Tonight! See you there!
084
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 30/07/2026
Listen to this great segment on creating a public bank in Washington.
0248
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 28/07/2026
Check out the Bellingham presentation of "Washington's Public Banking Future" tour featuring Don Morgan, CEO and President of the Bank of North Dakota, and State Senator Liz Lovelett of the 40th District. youtu.be/_Qmd807BkYE?...
youtu.be
"Washington's Public Banking Future" featuring Don Morgan, President and CEO of the BND
YouTube video by Washingtonians For Public Banking
010
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 27/07/2026
Hope to see you there!
082
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 24/07/2026
"North Dakota, with about 800,000 residents, is a firmly red state where support for the GOP and Trump is still strong – and yet it's home one of the most progressive, populist financial institutions in North America: the Bank of North Dakota." www.cascadia-journal.com/cascadia-sho...
cascadia-journal.com
Cascadia should follow North Dakota's lead and create public state banks
After a talk last night in Seattle by Bank of North Dakota CEO Don Morgan, I came away even more convinced that Oregon and Washington should make creating public state banks a high legislative priorit...
0248
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 23/07/2026
Tonight! It is the last day of the tour!
052
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 22/07/2026
Tonight! See you there!
064
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 21/07/2026
Tonight! Don't Miss it!
020
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 20/07/2026
"An ignored driver of America’s economic inequality... is banking consolidation...[The US has] fundamentally restructured its banking system and this restructuring remains one of the main reasons for the persistence of inequality today." waforpublicbanking.substack.com/p/banking-co...
waforpublicbanking.substack.com
Banking Consolidation and America's "K-Shaped" Economy
By: Marco Rosaire Rossi
032
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 14/07/2026
Register Today: bit.ly/TacDPF
074
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 11/07/2026
“Seattle just set a new benchmark for credit union banking. In 2025, a record 35% of local households — roughly 557,000 — used a credit union as their primary bank.” www.seattletimes.com/seattle-news...
seattletimes.com
Seattle residents keep jumping to credit unions
Nielsen data shows a record 35% of Seattle households use a credit union as their primary bank, a sustained exodus sparked by 2011 megabank fees, writes FYI Guy.
051
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 07/07/2026
The tour starts in two weeks. Make sure to register today. Seats are limited and filling up for the Seattle event. open.substack.com/pub/waforpub...
open.substack.com
“Washington’s Public Banking Future” Featuring Bank of North Dakota President and CEO Don Morgan and Special Guests
“Washington’s Public Banking Future”
033
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 22/06/2026
WA's "public deposits are held by two of the most aggressive financiers of fossil fuel projects... Even while Washington takes bold steps to tackle global warming, it undermines its own efforts by depositing its public funds into large megabanks..." open.substack.com/pub/waforpub...
open.substack.com
Washington Needs to Stop Banking with Fossil Fuel Financiers
By: Marco Rosaire Rossi
022
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 18/06/2026
Thank you Liz Lovelett for joining this great event. Don't wait and register today: bit.ly/PB-Bellingham
020
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 15/06/2026
Register today to hear Don Morgan, President and CEO of the Bank of North Dakota, speak. President Morgan will be touring three cities in Washington state. Join the conversation on public banking. waforpublicbanking.substack.com/p/washington...
waforpublicbanking.substack.com
“Washington’s Public Banking Future” Featuring Don Morgan, President and CEO of the Bank of North Dakota
“Washington’s Public Banking Future”
021
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 12/06/2026
Don't wait and register today!
030
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 10/06/2026
"Ellias says that, in the wake of the 2008 financial crisis, American companies have increasingly turned away from traditional bank financing toward private credit, which is typically backed by investment funds." hls.harvard.edu/today/tradit...
hls.harvard.edu
Traditional bank loans are disappearing. Now what? - Harvard Law School
An award-winning paper cowritten by Harvard Law Professor Jared Ellias explores the rise and risk of private credit.
010
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 01/06/2026
"Public banking is the most conservative possible policy in the literal sense of conserving public money, which means anyone calling themselves fiscally responsible who opposes public banking is admitting they care more about Wall Street’s revenue..." cmarmitage.substack.com/p/we-could-e...
cmarmitage.substack.com
We Could End Every Blue State’s Budget Deficit With One Policy. Even a Five-Year-Old Could Explain It.
If we can convince a five-year-old, we can convince our state and city representatives.
031
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 29/05/2026
"Central bank independence has been a sacred cow for the last generation in the major capitalist economies. Donald Trump’s appointment of Kevin Warsh as Fed chair symbolizes the beginning of a new era based on overt politicization of monetary policy." jacobin.com/2026/05/wars...
jacobin.com
The Era of Central Bank Independence Is Coming to an End
Central bank independence has been a sacred cow for the last generation in the major capitalist economies. Donald Trump’s appointment of Kevin Warsh as Fed chair symbolizes the beginning of a new era ...
520
Reposted by Washingtonians for Public Banking
Public Banking Institute @publicbanksnow.bsky.social · 22/05/2026
#CreatePublicBanksNow! Happy to start with #SanFrancisco
nbcbayarea.com
A closer look: San Francisco's public bank proposal
San Francisco Supervisor Chyanne Chen joins Raj Mathai to discuss a push in the city to start a public bank.
0118
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 21/05/2026
“…over 17 percent of student loan borrowers have fallen at least 90 days past due on their payments at least once.” libertystreeteconomics.newyorkfed.org/2026/05/fede...
libertystreeteconomics.newyorkfed.org
Federal Student Loan Defaults Return After Pandemic Pause - Liberty Street Economics
A look at federal student loan default rates and which borrowers have defaulted on their loans over the past two quarters, exploring credit implications.
010
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 18/05/2026
"Washington has faced a series of budgetary crises... It should not let its current Gordian-Credit-Rating-Knot... become the next one. A public bank that utilizes public deposits can solve both problems at once." waforpublicbanking.substack.com/p/untying-wa...
waforpublicbanking.substack.com
Untying Washington’s Gordian-Credit-Rating-Knot
By: Marco Rosaire Rossi
011
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 11/05/2026
"...Seattle can not only expand public investment through municipal lending and provide residents with low-cost financial services; it can also purchase its own bonds and “loop” the interest back to the city itself, rather than to Wall Street." moneyontheleft.org/2026/05/11/z...
moneyontheleft.org
Zooming in on the Loop
By Tyler Suksawat & Scott Ferguson In previous writings, we advanced an inventive new model for municipal finance: what we call the Seattle Loop. By establishing a city-owned public bank, we pr…
042
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 08/05/2026
Financing Co-Operatives: Hear from speakers from Shared Capital Col, Salish Sea Co-Operative, and Washingtonians for Public Banking on models of cooperative finance. May 29, 5:30 pm, Vashoun Cohousing Common House Register today: www.eventbrite.com/e/financing-...
eventbrite.com
Financing Co-Operatives: Innovative Financing Models through Co-Operation
Cooperative & Community Ownership Models: 2026 COO Learning Series presents:
000
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 06/05/2026
“Julian Howard, chief multi-asset investment strategist at GAM Investments, warned that rate-setters are now "on the verge of policy mistake territory" as expectations of rate rises grow.” www.cnbc.com/amp/2026/05/...
cnbc.com
Central banks risk a recession by raising rates to tackle Iran oil shock, strategist warns
Central banks are widely expected to raise interest rates in a bid to temper soaring energy prices.
000
Reposted by Washingtonians for Public Banking
publicporpoise.bsky.social @publicporpoise.bsky.social · 02/05/2026
@noelframe.bsky.social mentions the Seattle Loop below 👇
0106
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 29/04/2026
"Warren says the vote was all about the president trying to control the Fed because the economy is a mess. She adds that Trump promised lower costs on day one, but the cost of groceries, healthcare, housing and gas have all risen due to his policies." www.npr.org/2026/04/29/n...
npr.org
Why Sen. Warren voted no for Kevin Warsh as Fed chairman
Democratic Sen. Elizabeth Warren discusses the future of the Federal Reserve and tells NPR's Steve Inskeep why she plans to vote no on Kevin Warsh's nomination as Fed chair.
001
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 27/04/2026
"Instead of issuing bonds... Washington state... could charter a public bank. Then, the public bank could loan money to Sound Transit and other governmental entities with better interest rates... than what is currently offered in the private market." thecascadian.com/fund-public-...
thecascadian.com
Fund Public Transit Using a Public Bank
Sound Transit is in a crisis. A combination of inflation, rising construction costs, and lower than expected revenue projections has meant that the intergovernmental agency is facing a $34.5…
032
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 24/04/2026
Register Today: zoom.us/meeting/regi...
000
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 24/04/2026
“The Justice Department on Friday dropped a criminal investigation into the Federal Reserve and its chair, Jerome Powell, regarding a renovation project at the central bank's Washington headquarters.” apple.news/AprsTYsAyQKG...
apple.news
Justice Department drops investigation into Federal Reserve and Jerome Powell — NBC News
The decision could clear the way for Trump's nominee to chair the Fed, Kevin Warsh, to advance toward a confirmation vote in the Senate.
374
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 20/04/2026
"Throughout the United States, credit unions have been on the steady decline. With the rise of interstate banking in the 1980s and 1990s, the industry has undergone a dramatic period of banking consolidation." open.substack.com/pub/waforpub...
open.substack.com
The Coming Credit Union Decline?
By: Marco Rosaire Rossi
031
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 06/04/2026
"Help Us Bring BND President to Washington!" Don Morgan, the president of the Bank of North Dakota, has agreed to come to Washington state. WPB is currently fundraising to pay for President Morgan’s trip. Donate today and join the movement! open.substack.com/pub/waforpub...
open.substack.com
Help Us Bring the President of the Bank of North Dakota to Washington
Donate to transform the public banking movement in Washington
083
Reposted by Washingtonians for Public Banking
publicporpoise.bsky.social @publicporpoise.bsky.social · 04/04/2026
#Seattle, the loop had a moment yesterday. Follow #moneyontheleft and the organizing project for a municipal bank. We meet with @waforpublicbanking.bsky.social today! 🐬➰🐬
083
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 04/04/2026
There used to be a bank on every corner. But over the last decade, thousands of bank branches have closed... The big names are still there… but they're operating with fewer physical locations… and the pace of closures hasn't slowed.” www.fool.com/money/banks/...
fool.com
Why Banks Are Closing Branches Across the Country
Banks have closed thousands of branches in the last decade. Here's what's driving it and what it means for you.
011
Washingtonians for Public Banking @waforpublicbanking.bsky.social · 02/04/2026
The Public Banking Work Group is a historic opportunity. To ensure its success, it is essential that supporters contact the Director of DFI and urge him to appoint experts who have a history of supporting public banking. Send a letter today. actionnetwork.org/letters/appo...
actionnetwork.org
Appoint Public Banking Experts to the Public Banking Work Group
The Public Banking Work Group that was part of SB5998 is a historic opportunity. The state has dedicated resources to drafting a serious public banking implementation plan. To ensure the work group's ...
051