Reminder: Tues May 15: Tom Sgouros to speak about Public Banking!

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Hoai-An

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May 14, 2018, 3:50:46 AM5/14/18

to ClimateActivists-SC, OSC Earth Action, divestment-california, May 1st Coalition, 350 Sonoma Workgroup

Hi folks,

Public finance expert Tom Sgouros is coming to Santa Rosa to give a presentation on public banking this Tuesday, May 15 at 7pm! See below for details.

"Put your money where your solidarity is." - Mazaska Talks ("money talks")

Why a Public Bank:

Standing Rock and other Native American leaders continue to ask supporters to continue to work on divestment from fossil fuels. However cities and other large institutions cannot move their accounts away from Wall Street banks because local banks and credit unions can only insure accounts up to $250,000. The only way for a city or other large institution such as San Francisco and New York public pension funds is to bank with a public bank. That is why some Native American leaders such as Lakota People's Law Project and Mazaska Talks are actively promoting public banking. The City of Santa Rosa is really hurting financially because of the cleanup after the fire, and repairs and the rebuild which will continue for years. Santa Rosa needs to start a public bank which has huge local financial benefits: it can cut the cost of infrastructure IN HALF, and partner with local banks and credit unions to offer low interest loans, and help us adapt to climate change.

Please endorse the resolution to start a public bank. Attend the Tom Sgouros presentation and get some of your questions answered.

Hope to see you there!

---------- Forwarded message ----------

Tom Sgouros to speak on Public Banking! Come learn how a public bank can help finance the rebuild in the years to come, and help divest our cities from Wall Street banks,

and 

fossil fuels!

The Friends of Public Banking Santa Rosa welcome:

Tom Sgouros, public finance expert to speak about Public Banking

Tuesday, May 15 - 7 PM to 9 PM

Christ Church United Methodist

1717 Yulupa Ave, Santa Rosa, CA (below Hoen Ave)

We are very honored to welcome Tom Sgouros to come speak to our community about public banking. Tom Sgouros is a public policy researcher and writer. He consults with city, county and state officials about banking, economics, budgeting, and better ways for government to manage their citizens’ money.

If the City of Santa Rosa were to start a public bank, it could help cut the cost of infrastructure in half, and provide low interest loans – both desperately needed to rebuild Santa Rosa, build/incentivize affordable housing, transition to clean energy, address fire resilience and adapt to climate change in the years to come.

Tom Sgouros will be giving a general overview of public banking. He will also discuss how the City of Santa Rosa could partner with the City of Eureka (both charter cities), to establish a Joint Powers Authority and implement a public bank together to serve the North Coast region.

Tom Sgouros authored the book, Checking the Banks: The Nuts and Bolts of Banking for People Who Want to Fix It. This is a book for:

* People who want to understand banks,

* Activists determined to change them,

* Reformers seeking to build alternatives.

We are excited to have an expert like Tom speak in Santa Rosa. We hope you can join us.