That's right, it's official 🎉🎉🎉
Richmond, Oakland, & Berkeley have all passed resolutions to collaborate with us to build #PublicBankEastBay

Learn more about the process, timeline, & how you can get involved at: PublicBankEastBay.org

#PublicBanksNow
#EquityinEconomics

The collapse of #SiliconValleyBank left low-income communities without billions in promised lending, despite the federal bailout that benefited the bank's wealthy depositors and new owner.

We need #PublicBanksNow

#BankingCrisis #PublicBanks
#PublicBank #PublicBanking #SVB #SignatureBank
https://www.levernews.com/regulators-stiffed-low-income-communities-in-silicon-valley-bank-bailout/

Regulators Stiffed Low-Income Communities In Silicon Valley Bank Bailout

The government rescued SVB’s wealthy depositors, but neighborhoods counting on the collapsed bank are out of luck.

The Lever

RT from SF Public Bank Coalition (@sfpublicbank)

Instead of letting these funds reach people who so desperately need it big banks may cut it off before it ever hits their bank account. #PublicBanksNow https://twitter.com/ddayen/status/1250075965348347906

Original tweet : https://twitter.com/sfpublicbank/status/1250087754987261958

David Dayen on Twitter

“So here's my scoop: banks have been given the green light by regulators to take the $1,200 CARES Act payments and use them to offset an individual's existing debts. https://t.co/by1oQ1uoJl”

Twitter