The Los Angeles City Council today will consider authorizing the Chief Legislative Analyst to seek contractors or consultants to help the city create a public bank. The vote comes nearly two years after former City Council President Herb Wesson introduced a motion aimed at establishing the city’s first public banking institution. That motion — introduced on Oct. 11, 2019 — was seconded by Councilmen Mike Bonin and Paul Koretz and passed 14-0 on Dec. 4, 2019.Can you imagine the amount of corruption that will be involved in this? What's next LA will get into the steel plant business?
Tuesday, October 05, 2021
LA City Council to consider motion aimed at developing public bank
The L.A. Daily News reports:
