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Articles by Trinity Tran
Who controls your city's money?
What if your city could borrow money from its own bank instead of private lenders? TED Fellow Trinity Tran is leading the push for public banks — which are owned by the people through their local governments — and shows how this model could ensure your local tax dollars stay in your community.
Lessons From Fights For Public Control of Banking and Broadband Infrastructure
Listen to the interview here. This interview has been edited for length and clarity. OPENING ADEM SENGAL Continuing from the first part of this conversation with Ron and Candace about how immigrant, poor, and marginalized communities have always led the fight against corporate power by creating community-controlled alternatives. Now, we’re going to be zooming in on how the fight against corporate power is playing out today in two areas.
City Support Pushes Growth for Local Business in Tempe and Scottsdale
Within the past several years, Arizona has experienced a surge in growth within businesses. This has mainly been due to the growth in population, specifically in Phoenix , which includes Scottsdale and Tempe. Mylien Tran, a business owner of the salon Happy Feet Nails and Spa in Scottsdale, reflected on what the city did for her in starting the business. “Scottsdale areas have always been a top choice for us for expansion.
Public Banking In A Time Of Climate Crisis
Above photo: A Chase Bank branch on Sunset Boulevard burning on Jan. 8. CAL FIRE_Official – Palisades Fire. From Los Angeles’ fires to Asheville’s floods, disasters are intensifying and demand resilience that megabanks can’t provide. On the night of Jan. 7, as the Palisades Fire surged to 2,000 acres to the west and the Eaton Fire exploded to 1,000 to the east, I joined thousands fleeing hurricane-force winds that hurled embers for miles.
Public Banking in a Time of Crisis: How to Rebuild Los Angeles
On the night of January 7th, as the Palisades Fire surged to 2,000 acres to the west and the Eaton Fire exploded to 1,000 to the east, I joined thousands fleeing hurricane-force winds that hurled embers for miles. But while I evacuated out of precaution, across Los Angeles, many Angelenos were not as fortunate. Like so many here, I spent those first sleepless nights glued to wall-to-wall news coverage, tracking the fires’ paths.
Can Public Banking Help Rebuild LA?
From LA’s wildfires to Asheville’s floods, disasters are intensifying and demand resilience. Public banking offers a blueprint for recovery: leverage public dollars to cut long-term costs, create jobs, and rebuild smarter. On the night of January 7th, as the Palisades Fire surged to 2,000 acres to the west and the Eaton Fire exploded to 1,000 to the east, I joined thousands fleeing hurricane-force winds that hurled embers for miles.
Public Banking in a Time of Crisis: How to Rebuild Los Angeles | Common Dreams
On the night of January 7th, as the Palisades Fire surged to 2,000 acres to the west and the Eaton Fire exploded to 1,000 to the east, I joined thousands fleeing hurricane-force winds that hurled embers for miles. But while I evacuated out of precaution, across Los Angeles, many Angelenos were not as fortunate. Like so many here, I spent those first sleepless nights glued to wall-to-wall news coverage, tracking the fires’ paths.
Trinity Tran
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
In California, a Movement for Locally Controlled Finance Gains Ground
At the end of 2019, the California Public Banking Act (AB 857) opened the doors for local governments to establish public banks. Just months later, the pandemic brought the world to a standstill, slowing progress. Yet, in the years since, this once-radical idea has quietly gained traction, reshaping the conversation about who controls financial power. In today’s unpredictable political and economic climate, local control isn’t just practical—it’s essential for advancing the public good.
Current Bank Crashes Demonstrate Why We Need Public Banking
Above Photo: Focal Foto/Flickr. We have a pivotal opportunity to reshape our financial system for the benefit of all. The recent collapse of Silicon Valley Bank (SVB) and Signature Bank — the second and third largest bank failures in U.S. history respectively — has laid bare the vulnerability of the private banking sector. With over 563 federally insured banks toppling between 2001 and 2023, it’s impossible to ignore: The status quo is unsustainable.
Current Bank Crashes Demonstrate Why We Need Public Banking
The recent collapse of Silicon Valley Bank (SVB) and Signature Bank — the second and third largest bank failures in U.S. history respectively — has laid bare the vulnerability of the private banking sector. With over 563 federally insured banks toppling between 2001 and 2023, it’s impossible to ignore: The status quo is unsustainable. Amid this financial turbulence, the need for public banking has never been more pressing.
The 10 Largest Deposit Accounts at SVB Held $13 Billion, FDIC Chair Says
In prepared testimony for a Senate Banking Committee hearing slated for Tuesday morning, the chair of the Federal Deposit Insurance Corporation reveals that the 10 largest deposit accounts at Silicon Valley Bank held a combined $13.3 billion, a detail that’s likely to intensify criticism of federal regulators’ intervention in the firm’s recent collapse.
Sanders Wants to Stop Bank CEOs From Serving on Fed Boards — Like Silicon Valley Bank’s CEO Did
Gregory Becker is the CEO of Silicon Valley Bank, the second largest bank to fail in U.S. history. He was also, up until the day the bank failed on March 10, a member of the board of directors of the Federal Reserve Bank of San Francisco, one of 12 Federal Reserve Banks in the country charged with keeping institutions like Silicon Valley Bank healthy and solvent. Sen. Bernie Sanders (I-Vermont) is on a quest to prevent people like Becker from serving in such positions again.
Senate Banking Committee Member Dismisses Calls for Regulations, Bankers Applaud
Skip to content Skip to footer The American Bankers Association welcomed the Republican’s defense of a 2018 law that weakened regulations. Republican Sen. Steve Daines of Montana garnered applause from a room full of bankers on Tuesday after he dismissed calls for tougher regulations following the collapse of Silicon Valley Bank and Signature Bank.
Warren Says Trump-Picked Jerome Powell Has “Failed” as Chair of Federal Reserve
Sen. Elizabeth Warren (D-Massachusetts) is intensifying her scrutiny of federal financial regulators in the wake of the second- and third-largest bank failures in U.S. history, calling for an independent investigation into agencies that she says contributed to the collapses and saying that Federal Reserve Chair Jerome Powell especially deserves blame.
The SVB and Signature Bank Crashes Show Why We Need Public Banking
The recent collapse of Silicon Valley Bank (SVB) and Signature Bank — the second and third largest bank failures in U.S. history respectively — has laid bare the vulnerability of the private banking sector. With over 563 federally insured banks toppling between 2001 and 2023, it’s impossible to ignore: The status quo is unsustainable. Amid this financial turbulence, the need for public banking has never been more pressing.
French Protests Escalate Over Attempt to Force Retirement Age Hike
Protests in Paris and across France have ramped up since President Emmanuel Macron’s government on Thursday used a controversial constitutional measure to force through a pension reform plan without a National Assembly vote.
The SVB and Signature Bank Crashes Show Why We Need Public Banking
Skip to content Skip to footer We have a pivotal opportunity to reshape our financial system for the benefit of all. The recent collapse of Silicon Valley Bank (SVB) and Signature Bank — the second and third largest bank failures in U.S. history respectively — has laid bare the vulnerability of the private banking sector. With over 563 federally insured banks toppling between 2001 and 2023, it’s impossible to ignore: The status quo is unsustainable.
Banking on the Future of Los Angeles: Why We Need Charter Amendment B
Banking on the Future of Los Angeles: Why We Need Charter Amendment B Grassroots organizers with Public Bank LA, Alliance of Californians for Community Empowerment, Democratic Socialists of America — Los Angeles, and the Bernie Sanders Brigade gather at City Hall in May 2018 for a Citizens’ Lobby Day for Public Banking. Leading the nation on progressive policies is what we do as Angelenos.
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