A public bank for LA: instead of sending hundreds of millions to predatory finance, Angelenos' taxes can fund community development

https://www.youtube.com/watch?v=H9I-dgJ_n40

The City of Los Angeles sends the nation-wrecking finance industry more than $100MM/year in the form of fees and penalties for its banking business, supporting the institutions whose racist lending practices, financial engineering and mortgage fraud have wrecked untold harm on the city's residents. (more…)