Oakland Takes Step Toward Public Bank With Unanimous Committee Vote

The City of Oakland’s Finance Committee accepted the Public Bank Feasibility Study and staff report, and recommended placing it on the full City Council’s agenda so that all Councilors may have an opportunity to discuss the report and options.  Watch as banking experts, elected officials, and advocates alike give overwhelming support for Oakland’s public bank: VIDEO (note: link takes a bit of time to load). The feasibility study author, a banking expert, and stake holders from the community spoke in support of moving forward with a full business plan to answer the questions that were not addressed in the study.
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