Public Ownership of Banks.

The banking industry’s unregulated manipulations and privatized monopoly over the market share have directly risked the jobs, homes and savings of millions of Americans, as shown by the financial crisis of 2008 which exposed the rampant fraud committed by Wall Street’s largest financial institutions.

We support the nationalization of banking and credit institutions. Public ownership of the monetary and credit system allows for transparent, efficient and fair oversight, working in the fullest interest of the people. A banking system that operates as a public utility with accessible, interest-free credit can generate profit used to strengthen the economic infrastructure.

Publicly owned banking and credit institutions mandated to serve the people would redirect necessary credit to further social, economic and environmentally sustainable developments.