At the NOW-DC Occupy Social Forum: The Great Public Banking Debate Public Banks vs. Wall Street Banks Which Will Serve the Public Better?

Washington, DC—(ENEWSPF)—April 12, 2012.  If you are not happy with the way Wall Street operates, there is an alternative.  We can create public banks to create public money for the public good.  In fact, here in DC, a group has already formed to look into creating a public bank for the city modeled after the only public bank in the U.S., the Bank of North Dakota, formed back in 1919 and going strong today.

When:    Friday, April 13 – 11 AM – 1PM
Where:   Florida Avenue Meeting House, 2111 Florida Avenue between Decatur and S Street NW

Marc Armstrong, Executive Director, Public Banking Institute
Mark Calabria, Director, Financial Regulation Studies, CATO Institute

This is going to be a very lively debate.  

Mark Calabria spent 6 years as senior professional staff of the Senate Banking Committee, handling issues related to housing, mortgage finance, economics, banking, and insurance. Prior to this, he served as deputy assistant secretary for regulatory affairs at HUD and held positions at Harvard and in the private sector regarding housing and real estate, as well as a research associate with the U.S. Census Bureau’s Center for Economic Studies.  He holds a doctorate in economics from George Mason University.

Marc Armstrong is a business development and communications consultant.  Marc got involved in public banking after reading Ellen Brown’s book, “Web of Debt.” He founded the Public Banking Institute which has resulted in over seventeen bills being introduced in statehouses in the last 18 months. His previous positions included working for IBM Finance with both Bank of America and Wells Fargo Wholesale Banking Divisions as primary customers.  He has an MBA from the Anderson School of Business UCLA in Information Systems and Organizational Behavior.

Join us at the National Occupation of Washington, DC