Feb. 22, 2021 — Public banks and the holes they can fill.

Wide wealth gaps are persistent in the U.S., driven not only by disparities in income, but disparities in access to wealth-building opportunities like homeownership or savings accounts as well. That inaccessibility can be intentional, such as denying a loan to someone based on their credit (which is understandable on paper but disproportionately impacts people of color). Or it can be incidental, like when a community simply lacks a local bank branch or ATM, for instance.

At the same time, the institutions that manage wealth-your private banks and Wall…

Brendan Rigney

Public policy analyst and advocate. Read some of my stuff here: 101policycorner.com

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