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Money & Banking

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Hundred dollar bills in the shadows

A reading list for taking on financialization

One of the most important parts of a program for building power to take on the financial industry must be one of political education. read more
Housing moratorium

Cancel rent and mortgage payments, house the unhoused

We need to put a general pause on the housing market and then build a system that supplies housing to meet human needs. read more
State holding company or economic preservation fund

Create a state holding company to prevent the leveraged buyout of the real economy

A state holding company would acquire failing companies and distressed assets in this shutdown period, mothballing them until recovery begins and the economic stimulus kicks in.  read more
Postal banking

Use the post office as a banking lifeline

A postal banking system in which everyone can have an account could provide quick access to emergency support for the millions of people without bank accounts forced to wait months for a stimulus check from the government.   read more

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reports

A satellite view of the US at night

The Index of Systemic Trends

One of the signs that a crisis is systemic, rather than purely political or economic, is that key indicators decline or stay the same regardless of changes in political power or business cycles. This first edition of the Index of Systemic Trends is an effort to quantify, track, and visualize this crisis. It shows the need to move in the direction of a new system that can and will produce better outcomes. read more
Community Reinvestment Act

A next system of community investment: Community Reinvestment Act reform in the 21st century

The Community Reinvestment Act was passed by Congress in 1977 to spur lending and investing in communities of color and lower-income neighborhoods. What updates would be needed to continue to meet this mandate and support community wealth building? read more
The sun setting with an ocean-based oil rig on the horizon

Quantitative Easing for the Planet

To keep carbon safely in the ground, the government should secure control of fossil fuel reserves by promoting a federal buyout of the top US-based, publicly-traded fossil fuel companies, using the power of the Federal Reserve to deploy newly created money into the financial system. By focusing on major companies in the first links of the fossil fuel supply-chain, the federal government could detach growth- and profit-driven interests from reserves and halt otherwise inevitable extraction. read more

The Crisis Next Time: Planning for Public Ownership as an Alternative to Corporate Bank Bailouts

When the next financial crisis hits, we need to be ready for more than another round of no-strings-attached bailouts and weak regulations that corporate finance can roll back a few years later. It’s time to put permanent public ownership on the table as a policy option for how we rescue banks that are still too big to fail. read more