Philadelphia and any other large city can have its own bank. It can use this bank to finance at zero or near percent interest: community development, infrastructure, schools or whatever else is decided in the bank’s mission statement. This video is targeted at those who will be attending a meeting to determine what the mission of this public bank should be. This is an important step before bringing a bill before city council.
See also a new 1-hour video posted on the PublicBankingTV channel showing Mike Krauss’ presentation to a group in Philadelphia on the proposed Philadelphia Public Bank. This video is full of information useful to people interested in finding out what a public bank could do for their city, county, university, etc.