Well, this is good news, but the record of Gov.Newsom’s veto of several bills, especially for increased environmental protections, recently is highly questionable…
While this “public bank” news (California only) is a step in the right direction, there is much more to do to end the threats posed by predatory bank/banker scams and “instruments” of theft that precipitated the “financial” collapse, or “economic downturn” - another BS term of 2007-2008 and subsequent bailout of the casino banks. Millions lost everything but banks made-out like bandits, thanks to the political power and subversion of mega-banks, a complicit Congress, and corrupt Clinton WH!
Passing an updated and improved Glass-Steagall Act meant to separate “investment banks” from “commercial” was instituted to protect the public; a critical reality made clear by the “economic downturn” used to portray banks/banker parasite crooks as innocent and blameless of their criminal actions and worthless derivatives and other “financial instruments”! They should still be in prison for their greed and contempt for the public!
The bottom-line is the predatory banks and their officers! must be re-regulated to protect the public, broken-up to remove the “too big to fail” rationale from ever bailing them-out at public expense again after gambling with the nation’s/public’s interest and security!