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Im going to provide a summary of our report to supervisor fewer on options of community banking. At the moment though, the slides are not appearing. I wonder if i might get assistance. Do you have a printed copy . I do and actually here we go. We can do it the oldfashioned way. Here we go. Thank you. My apologies for the delay. This was the report that we issued in december to supervisor fewer. It was update to 2011 report we had prepared for supervisor avalos, it covered some of the same topics, but it is different that we tried to focus on specific steps needed to be taken to establish a public bank. What weve done is provided an outline of the steps. There is obviously many more questions that would be need to be resolved to pursue that. So ill just start briefly with options for the city. There are commercial banks, thats what were using now. Theyre for Profit Institutions and theyre organized to provide a return to their ....
One of the programs i was charged with was the city i. D. Program and when that was passed in 2008 and launched in 2009, one of the benefits of the city i. D. Program was so that someone could get a government issued i. D. And use that as a primary source of identification to open an account. Unfortunately, that hasnt happened. Its something i think we need to take a look at when youre looking at a municipal bank, to fold in the city i. D. Program because its a vital to the residents of San Francisco. I want to make sure thats not overlooked. Thank you for bringing that to our attention. They can support our residents that are not comfortable given the circumstances we have right now. So, yes, thank you. Supervisor cohen supervisor fewer. Supervisor fewer so thank you, id like to introduce fred brousseau. He works closely with my office as he and the staff worked on the update to the 2011 banking report. Im going to provide a summa ....
Im going to provide a summary of our report to supervisor fewer on options of community banking. At the moment though, the slides are not appearing. I wonder if i might get assistance. Do you have a printed copy . I do and actually here we go. We can do it the oldfashioned way. Here we go. Thank you. My apologies for the delay. This was the report that we issued in december to supervisor fewer. It was update to 2011 report we had prepared for supervisor avalos, it covered some of the same topics, but it is different that we tried to focus on specific steps needed to be taken to establish a public bank. What weve done is provided an outline of the steps. There is obviously many more questions that would be need to be resolved to pursue that. So ill just start briefly with options for the city. There are commercial banks, thats what were using now. Theyre for Profit Institutions and theyre organized to provide a return to their ....
Cspan2 booktv. Good evening everyone. If youll all take your seats well put this show on the road. This cofounder of the institute for madam speaker,s future and currently Senior Advisor to peoples action which is a National Organization with grassroots and affiliates in 20 states and my pleasure to be here tonight to introduce to you many of you whom know him our speaker for this evening. First let me pay tribute to andy shalal and busboys and poets for this [applause] andy is is a friend, an activist remarkable entrepreneur who built these centers of gooded to and drink and discuss and we get to enjoy it here tonight. Garo if you dont know him is a natural treasure. He is a path breaking historian a political economist, a strategist. An author and an organizer. Hes worked in houses of congress. Hes created centers of policemen economy, hes written path breaking books ....
Said this will make banks act irresponsibly but we never visit that this connection of the system. Weeks spirited it from 2000 he hands added on in the insurance for free in the end freddie and all the other things but we promoted that moral hazard problem that is supposed to resolve. We tried with Flood Insurance but in those cases nobody could articulate for safety reasons for reforming those systems. Day you see any hope . I would get a slightly different interpretation. You are right fdr was very worried of the moral hazard consequence is but it was an upsurge that it had to be dense would happen in the way. But with deposit Insurance Scheme more federal oversight we can argue that was good but that meant banks could do certain things it actually deprived a lot of people love credit because regulated banks could make certain loans but what happened because they wanted ....