It's Our Money - Dirty Deals! - 04.19.17
“Dirty Deals” is the name of a definitive report about Wall Street’s interactions and financing contracts with cities, counties and states nationwide. It’s a gloves-off look at the many ways public entities are forced to acquiesce to abusive usury in their private-bank-capital borrowing practices for public projects and how we can take effective steps to reverse them. Saqib Bhatti, co-director of Action Center on Race and the Economy (ACRE), discusses why these core financing issues are driving governments around the country to consider public banking and in-house financing mechanisms, and why some of them don’t want to.
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