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Democratic Banking For The 99%: Public Banks Stop Wall Street From Gambling With Our Money

Would you gamble away your rent money? How about your kids’ college fund, or the money you put aside for food and clothing? If that seems like a terrible idea, then why do cities, counties, and states gamble away our money by giving it to big Wall Street bankers, who throw it into risky derivatives and interest rate swaps? There’s a better way–and it’s one of our nation’s best-kept secrets.

 

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