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Rumor Mill News Reading Room, Current Archive

Reader: "WOW, someone finally presenting some form of valuable solution oriented action."

Posted By: hobie
Date: Wednesday, 13-Jan-2021 05:52:02
www.rumormill.news/94311

In Response To: City of Oakland bypasses Wall Street, creates its own public bank (AndiV)

(Thanks, C. :)

Reader C. writes:

=====

WOW, someone finally presenting some form of valuable solution oriented action. All problems are solvable when good faith open dialogue begins. A right idea put in motion that is only partially successful is more than we have now. Well done and you have our support.

Please take the below questions into account for both short term goals and expand your agenda to addressing the root problem.

1. Being that the United States legal tender is private money owned and circulated by the Federal Reserve system, what money will your public bank deal in?

2. What resolution to current corrupt banking practice does a public bank provide?

3. Who will be the owners of your public bank?

4. Will the owners of your public bank be individually liable for bank practices?

5. What structure, trust, corporation ect., will the bank be set up under.

6. Will the Oakland municipal government have an interest in the bank?

7. Is Oakland as a muni corp authorized to operate or recognize a public bank?

These questions expose some of the root problems and invite engagement to address them.

***************************************************************



RMN is an RA production.

Articles In This Thread

City of Oakland bypasses Wall Street, creates its own public bank
AndiV -- Wednesday, 13-Jan-2021 05:52:02
Reader: "WOW, someone finally presenting some form of valuable solution oriented action."
hobie -- Wednesday, 13-Jan-2021 05:52:02
Reader: "The public bank is a step in the right direction."
hobie -- Wednesday, 13-Jan-2021 05:52:02

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AN EXPLANATION OF THE FACTIONS