Why Cities Should Use Public Banks Instead of Big Banks | Common Dreams
"Matt Taibbi’s well-read Rolling Stone article, “The Scam Wall Street Learned from the Mafia,” details the struggle of municipalities, schools, and other public entities after big private banks induced them to gamble their public funds on the direction of the market -- often resulting in debts that far exceeded their budgets and the original cost estimates for the projects they were seeking to fund."
