Ellen Brown

Ellen Brown is an attorney and founder of the Public Banking Institute. She is the author of twelve books, including the best-selling Web of Debt, and her latest book, The Public Bank Solution, which explores successful public banking models historically and globally.

Articles by this author

Views
Monday, February 27, 2012 - 8:49am
Move Our Money: New State Bank Bills Address Credit and Housing Crises
Seventeen states have now introduced bills for state-owned banks, and others are in the works. Hawaii’s innovative state bank bill addresses the foreclosure mess. County-owned banks are being proposed that would tackle the housing crisis by exercising the right of eminent domain on abandoned and foreclosed properties. Arizona has a bill that would do this for homeowners who are current in their payments but underwater, allowing them to refinance at fair market value.
Read more
Views
Monday, February 20, 2012 - 6:53am
How Greece Could Take Down Wall Street
In an article titled “Still No End to ‘Too Big to Fail,’” William Greider wrote in The Nation on February 15 th : Financial market cynics have assumed all along that Dodd-Frank did not end "too big to fail" but instead created a charmed circle of protected banks labeled "systemically important" that will not be allowed to fail, no matter how badly they behave.
Read more
Views
Sunday, February 5, 2012 - 8:13am
Why the AGs Must Not Settle: Robo-signing Is Just the Tip of the Iceberg
A foreclosure settlement between five major banks guilty of “robo-signing” and the attorneys general of the 50 states is pending for Monday, February 6th; but it is still not clear if all the AGs will sign.
Read more
Views
Friday, January 27, 2012 - 1:27pm
The Shadow Banking System: A Web of Financial Fraud
The Wall Street Journal reported on January 19th that the Obama Administration was pushing heavily to get the 50 state attorneys general to agree to a settlement with five major banks in the “robo-signing” scandal. The scandal involves employees signing names not their own, under titles they did not really have, attesting to the veracity of documents they had not really reviewed. Evidence reveals that it was an industry-wide practice, dating back to the late 1
Read more
Views
Thursday, September 15, 2011 - 10:39am
Banking for California's Future
AB 750, California’s bill to study the feasibility of establishing a state-owned bank that would receive deposits of state funds, has passed both houses of the legislature and is now on the desk of Governor Jerry Brown awaiting his signature.
Read more
Views
Thursday, September 1, 2011 - 7:31am
North Dakota's Economic “Miracle”—It's Not Oil
In an article in The New York Times on August 19th titled “The North Dakota Miracle,” Catherine Rampell writes:
Read more
Views
Tuesday, May 17, 2011 - 9:58am
What a Public Bank Could Mean for California
California is the eighth largest economy in the world, and it has a debt burden to match. The state has outstanding general obligation bonds and revenue bonds of $158 billion, largely incurred for building infrastructure. Over $7 billion of California’s annual budget goes to pay interest on the state’s debt.
Read more
Views
Wednesday, April 27, 2011 - 8:29am
Cheney Was Right About One Thing: Deficits Don’t Matter
“Deficit terrorists” are gutting governments and forcing the privatization of public assets, all in the name of “deficit reduction.” But deficits aren’t actually a bad thing. In today’s monetary scheme, in which most money comes from debt, debt and deficits are actually necessary to have a stable money supply. The public debt is the people’s money.
Read more
Views
Monday, March 28, 2011 - 10:59am
A Choice for States: Banks, Not Budget Crises
Cut spending, raise taxes, sell off public assets—these are the unsatisfactory solutions being debated across the nation, but the budget crises that nearly all the states are now suffering did not arise from too much spending or too little taxation.
Read more
Views
Monday, March 7, 2011 - 11:45am
How Wisconsin Could Turn Austerity into Prosperity: Own a Bank
Public sector worker sitting in a bar: “They’re trying to take away our pensions.”
Read more

Pages