Join us for this debate between Mark Calabri, Director of Financial Regulation Studies at the CATO Institute, and Marc Armstrong, the ExDir of the Public Banking Institute. If you are not happy with the way Wall Street operates, there is an alternative. We can create public banks to create public money for the public good. In fact, here in DC, a group has already formed to look into creating a public bank for the city modeled after the only public bank in the U.S., the Bank of North Dakota, formed back in 1919 and going strong today.
This is going to be a very lively debate. Calabria spent 6 years as senior professional staff of the Senate Banking Committee, handling issues related to housing, mortgage finance, economics, banking, and insurance. Prior to this, he served as deputy assistant secretary for regulatory affairs at HUD and held positions at Harvard and in the private sector.