Want to create an interactive transcript for this episode?
Podcast: WHTT Podcasts
Episode: A Public Banking Revolution Is Headed to Los Angeles
Description: Challenging the international bankers and the corrupt mega-banks is no small task. Phoenix Goodman, co-founder of the PublicBankLA movement, discusses with Chuck Carlson and members of We Hold These Truths, his group's intriguing efforts to get the City of Los Angeles to start a public bank. Los Angeles manages more than five billion dollars in annual revenue collected from tax, fee and fine payers. The city paid over $109 million in transactional and origination fees to commercial banks in 2016. In an era of consolidation, where banks have grown too-big-to-fail, any discerning city will soon run out of options of where...