[FWD: Make One Call. Make History.] -

[Shelly]

Hello Friends of Public Banking,

We are in the final push here on AB 857 as it is slated to go to the Assembly floor for a vote any day now. It is vital that we show as many organizational endorsements as possible for this bill, so if you have not already done so, please add your organization to the list of endorsers today at the following link:

https://californiapublicbankingalliance.org/ab-857-california-public-banking-bill-text-digest-and-fact-sheet/

As you can see from our message below that was sent out earlier today, we are also asking you to call assemblymember Levine to ask for his Aye vote on AB 857 at 916-319- 2010.

We also want the city of Santa Rosa to agendize endorsing this bill at their next city council meeting next Tuesday, May 28th. Please contact the city council members at their contact info listed below to make this request.

To our collective best always,

Shelly Browning

Friends of Public Banking Santa Rosa

"Given the magnitude of the task, everyone has to step up their game." ~ Bill McKibben

-------- Original Message --------
Subject: Make One Call. Make History.
From: Friends of Public Banking Santa Rosa
<publicban...@gmail.com>
Date: Fri, May 24, 2019 9:17 am
To: Shelly <in...@shellybrowning.com>

Dear Friends of Public Banking Santa Rosa,     AB 857 is headed to the Assembly floor for a full vote early next week and we need your help. This is a historic moment for California to break free from Wall Street. We need 41 votes to pass the Assembly and Marc Levine has yet to confirm his support for AB 857! (We are very close!) Can you make one quick call today to Assemblymember Levine’s capitol office? 916-319- 2010. All you need to do is tell the staffer your full name, zip code and ask Marc Levine to vote AYE on AB 857. All constituent calls are tallied by Assembly offices. Just one call can make a big difference. Ask others who you know in the district to make a call today too. With your help, we can pass AB 857 and make public banking a reality in California. Thank you! Many California cities, millions represented by labor unions and over 100 statewide, regional and community organizations have already endorsed AB 857. Never before in U.S. history has public banking seen this much popular support. This is the furthest public banking has come in 100 years since the Bank of North Dakota was created!  AB 857 is endorsed by over 100 organizations representing 3.3 million members in California including the California Labor Federation, AFL-CIO, SEIU California, California Nurses Association (CNA), National Nurses United (NNU), American Postal Workers Union, Oakland Education Association, and many more.  Nearly 200 California Democratic Party delegates have signed on to support. Municipal endorsements have come from the City of Los Angeles City and County of San Francisco City of Oakland City of Richmond County of Santa Cruz City of Berkeley City of Huntington Park City of Eureka Santa Rosa City Council has expressed a lot of interest but has yet to put AB 857 endorsement on the agenda. They need to know they have your support!   Please take time to call or email your City Councilmembers, asking them to adopt a resolution of support for AB 857.    Julie Combs,  Phone: 707-542-1906  jco...@srcity.org   Victoria Fleming,  Phone: 707-543-3010  vfle...@srcity.org   Ernesto Olivares,  Phone: 707-975-0023  eoli...@srcity.org   John Sawyer,  Phone: 707-578-6006  jsa...@srcity.org   Jack Tibbetts,  Phone: 707-495-7438  hjtib...@srcity.org Industry-funded poll tries to hide the popularity of public banks California Public Banking Alliance May 17 By Rick Girling Wall Street just commissioned a poll to distract attention from the overwhelming popularity of public banks. These are the same mega-bankers who crashed the economy in 2008 and then demanded a bailout from the Federal Reserve, a public bank. The bankers’ poll is aimed at stopping AB 857 (Chiu and Santiago), a bill to enable cities and counties to start public banks. AB 857 is successfully making its way through the California legislature and has the support of millions of union members and the cities of Los Angeles, San Francisco, Oakland, Richmond, Berkeley, Eureka, Huntington Park and the county of Santa Cruz! Wall Street hopes their poll can distract attention from the millions of constituents across the state who are organizing for a financial system that actually helps real Californians. Unfortunately for the bankers, the millions of California homeowners who lost their homes to foreclosures or forced sales due to predatory lending practices, are wise to the profiteering and corruption of Wall Street. The banker-commissioned poll found 360 people who do not support public banks. It is at odds with Gallup’s 2018 poll noting that only 30% of respondents had significant confidence in their banks. To understand why, one need look no further than JP Morgan Chase’s CEO Jamie Dimon, who grabbed a $31 million pay package last year while starting his employees at $16.50/hour ($35,070/year). We need public banks for the same reason we need public libraries, public hospitals, public schools, public airports, public water systems, public drinking fountains and public parks. If there are no public institutions accountable to voters, then private institutions trample without restraint. We need public institutions to make sure all members of the public — not just the rich and powerful 1% — are served. AB 857 prohibits public banks from competing with community banks and credit unions. Instead, retail banking will remain in the hands of local financial institutions. Partnership public banks, like the Bank of North Dakota, public banks in Germany, and other countries throughout the world, work with local banks to provide funds to support local needs, such as small businesses, disaster recovery, and clean energy. Public partnership banks will be run by professional bankers who report to a bank board of directors overseen by the California Department of Business Oversight and the FDIC, like other banks. The difference is that they will serve public needs rather than private shareholders and mega-banking executives. Taxes, fees and fines that the public pays to our local governments will not be shipped away to wherever Wall Street bankers think will deliver short-term profits, like oil companies, private prison corporations, immigrant detention centers and luxury home developments for the uber-wealthy. Public banks will be responsive to the millions of California voters who support this legislation.   Our Money, Our Values, Our Bank. Our mailing address is: publicban...@gmail.com  Want to change how you receive these emails? You canupdate your preferences or unsubscribe from this list.

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