Public Banking Institute Launched to Study and Promote Education on Publicly-Owned Banks

Sonoma, CA, Tuesday, January 18, 2010—Launch was announced today of the Public Banking Institute (PBI), an educational nonprofit that researches publicly-owned banks, i.e. banks that are owned by national, state, or local governments. PBI’s goal is to leverage the historic role of publicly-owned banks nationally and internationally in fostering access to cheaper, readily-available credit, particularly as used for increasing productive capacity.Ellen Hodgson Brown is one of the founders of the Public Banking Institute and author of Web of Debt, a diagnostic and prescriptive analysis of our