Public Banks Can Be Formed In California As Newsom Signs New Law

[not fooled]

1. Sounds like a good start

although it seems to me that the real benefit might be in having public banks take in tax funds and disburse payments to provide government services, without spending more $$$ for Wall Street profits. It doesn't sound as though the initial wave of public banks in CA will be performing such a role, or at least I didn't get that impression from the LA Times article.

I prefer that my state tax dollars not go to make Wall Street richer.