Watch the excerpt of the new clip here. Watch the full clip on Spectrum News.
Spectrum News captured a major milestone in the movement for an LA public bank: nine Los Angeles City Councilmembers have now committed their own discretionary dollars to fund the Public Bank feasibility study, ensuring this work continues at full speed.
As Councilmember Hugo Soto-Martínez put it, “Our taxpayer dollars are paying for these projects and at the same time, saving hundreds of millions of dollars that we currently pay in interest to Wall Street banks.”
Trinity Tran grounds it in the long view: “This bank will start small and will lend conservatively, and it will grow as loans are repaid and interest supports the bank. But that is exactly what the feasibility study will lay out.”
