NYC Financial Services Reform to Combat Inequality - 26:21
New York Has the Financial Muscle to Leverage to Combat Inequality
with
Connie Razza, Research Dir., Center for Popular Democracy
and
Arthur Cheliotes, Pres. Local 1180, Communication Workers of America
New York is among the most unequal cities in the US. This inequality has become the most pressing issue in New York City and New York State. The good news is New Yorkers are demanding action - and now a broad coalition of organizations has a plan to help create a new economy that serves the needs of working families and their communities. New York City is uniquely positioned to lead the way in holding Wall Street to a new standard. The city and its related authorities and has the financial leverage and economic power to demand that Wall Street fundamentally change how it relates to our communities. New York City should not be a passive participant in a market that is rigged by the financial sector. With hundreds of billions of dollars to shop on financial services, the City can shape the market.
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State Owned Banks Can Help Revive the Economy
with
Ellen Hodgson Brown
Chairman and President Of the public banking institute
Hodgson Brown explains the rationale behind state owned banks. For Michigan, California, Florida, and other states looking to solve their economic problems, the state owned bank model, and the Bank of North Dakota in particular, should be studied in depth, as such a bank could provide the credit needed within that state
economy during depressions and other tough economic times.
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