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Opinion – Just, Equitable, and Regenerative Recovery with Public Banking

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The COVID-19 crisis is shining a bright and unforgiving light on the glaring economic and racial inequalities we live with every day. Public banking is a major step toward a more just and equitable world.

This crisis is the opportunity for cities and counties to start public banks, because only banks can multiply their impact by leveraging their capital: if our bank has $10 million in equity, it can loan up to $100 million to small businesses and others suffering from the economic fallout from COVID-19.

All banks do this, but private  banks are legally bound to maximize profits for their shareholders, most of whom are already wealthy. Public banks will be bound by their missions and their charters, and overseen by their community-based boards of directors, to maximize recovery for the people and businesses who have been longest overlooked.

Public banks will also be in a position to accept the zero-interest loans now made available only to banks from the Federal Reserve.

Cities and counties with public banks will be able to deploy economic recovery efforts quickly and efficiently, because they know their communities intimately. In partnership with community banks and credit unions, these banks can prioritize loans to individuals, and to small- and medium-sized businesses owned and run by people of color and other vulnerable groups.

They can also help cities and counties plan for the future by financing storehouses of necessary equipment, infrastructure improvements, and other urgent and long-term needs. Even better, the public bank’s profits go back to the cities and counties that invest in the bank — none of the money leaves our neighborhoods for the pockets of rich shareholders and overpaid bank officers on Wall Street.

In 2019, the California Public Banking Alliance introduced the Public Banking Act (AB 857), passed by the Legislature and signed into law by Gov. Gavin Newsom. This historic law lays out the pathway for local public banking across the state.

Public banking will be new to California, and to most of America, but has a centuries-old global track record of success. The only major public bank in this country, the 100-year-old Bank of North Dakota, returned 18% to the state’s general fund last year.

The Sparkassen public banks in Germany have thrived for 200 years and started giving loans to COVID-affected small businesses weeks ago.

Public banks will return us to old-fashioned, boring banking–risk-averse, sensible banking practices focused on realistic projects that build communities. They won’t fund fossil fuel pipelines, private prisons or subprime mortgages. When the COVID disaster is over, they can and will continue financing economic justice and equity, and making ordinary people’s lives better.

Best of all, the money distributed through public banks for reconstruction doesn’t stop performing when the loans are paid off: the banks’ profits go back into our public coffers to be used again to meet our needs.

Now the COVID-19 crisis is forcing elected officials at all levels to see that fast-tracking public banking is a crucial strategy for saving our local economies and our communities.

The day we get the first California public bank up and running, we will have a ready source of funds to help people and businesses sustain and rebuild themselves through these hard times, without repeating the mistakes of the last 40 years. It will multiply its capital and equity up to 10 times, while multiplying its positive impact on people of color and others who have been systematically marginalized, because — unlike Wall Street banks — prioritizing those who need it most will be built into its DNA.

COVID-19 is doing great harm. At the same time, it is pointing the way to a more equitable world and a regenerative economy. The time for public banking is now.

Debbie Notkin is a founding member of Friends of the Public Bank East Bay, a member of Strike Debt Bay Area, and a member of the board of Home-All. She lives in Oakland and is committed to economic justice as a form of racial justice.

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Bay Area

Coming to Orinda: A Lecture on Finding the Strength to Heal and Move Past Fear With Divine Love

“Fear can be overcome and even healed in our lives by discovering the strong connection and relationship we have to something bigger than ourselves—God,” says Lisa Troseth, practitioner of Christian Science healing and international speaker. “By learning to lean and rely on this greater, higher good, we can feel moved to love beyond ourselves—and this frees us from fear and so much more.”

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Lecturer Lisa Troseth will speak on "Moving past fear to healing" on May 23 at the Orinda Library Auditorium. Photo courtesy of the Christian Science Board of Lectureship.
Lecturer Lisa Troseth will speak on "Moving past fear to healing" on May 23 at the Orinda Library Auditorium. Photo courtesy of the Christian Science Board of Lectureship.

By Oakland Post Staff  

Lisa Troseth, practitioner of Christian Science healing and international speaker, will present her talk, “Moving Past Fear – to Healing,” on May 23, at 2:30 PM, at the Orinda Library Auditorium.

The talk will focus on universal healing precepts found in the Holy Bible, especially in Christ Jesus’ life and teachings, showing how they are available for anyone to understand and experience through the lens of Christian Science. The talk is free, open to the community, and jointly sponsored by First Church of Christ, Scientist, Orinda and First Church of Christ, Scientist, Oakland.

“Fear can be overcome and even healed in our lives by discovering the strong connection and relationship we have to something bigger than ourselves—God,” says Troseth. “By learning to lean and rely on this greater, higher good, we can feel moved to love beyond ourselves—and this frees us from fear and so much more.”

Sharing examples of healing from her own life and professional practice of Christian Science, Troseth will explain why Christian Science is both Christian and scientific, meaning that people can prove its effectiveness for themselves, as fully described in the book Science and Health with Key to the Scriptures, written by the founder of the Christian Science movement, Mary Baker Eddy.

Troseth will also touch on the life of Mary Baker Eddy, who came to understand, confirm, and teach what she felt was original Christian healing. Eddy herself said she was especially inspired by Jesus’ demand, “He that believes on me, the works that I do will he do also; and greater works than these will he do, because I go unto my Father” (found in the Gospel of John 14:12 in the Bible).

For over 150 years, people around the world have worked to follow Christ Jesus in this practice of Christianity and continue to do so today, experiencing healings of physical ills and personal difficulties.

Lisa Troseth has been a Christian Science practitioner for many years, helping people on a daily basis through this scientific approach to prayer.

She travels from her home base in Nyack, New York, to speak to audiences around the world as a member of the Christian Science Board of Lectureship.

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Activism

EBMUD Enshrines the Legacy of  its First Black Board Member William ‘Bill’ Patterson 

Patterson, who died in 2025 at the age of 94, was remembered as a tireless advocate, mentor, and public servant whose influence shaped generations across the East Bay.

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William “Bill” Patterson, Jr. Courtesy Peralta College District
William “Bill” Patterson, Jr. Courtesy Peralta College District

By Carla Thomas

On Tuesday, May 12, Oakland honored a towering community figure, William “Bill” Patterson, with the unveiling of a bronze plaque and the renaming of the East Bay Municipal Utility District (EBMUD) boardroom in downtown Oakland.

Board members, family, colleagues, and mentees gathered to reflect on Patterson’s enduring legacy at the meeting.

Patterson, who died in 2025 at the age of 94, was remembered as a tireless advocate, mentor, and public servant whose influence shaped generations across the East Bay.

“This is well deserved,” said Patterson’s cousin, Maria Simon. “He was such a big part of the Oakland community. It’s heartwarming to know he was known by so many people.

“So many credit him with helping them get their first job. It was especially meaningful when he held the Bible for Mayor Barbara Lee’s swearing-in. He truly believed in the goodness of people, in possibilities, and in the power to bring things to fruition.”

Oakland NAACP President Cynthia Adams described Patterson as a father figure. “He took me under his wing,” she said. “This recognition is a very special moment.”

Fellow NAACP member Robert “Bob” Harris echoed that sentiment, recalling Patterson as “a great member of the NAACP and a proud Kappa Alpha Psi man.”

Patterson’s son, William Patterson Jr., reflected on his father’s professional life.

“My father loved his community, and he loved working with EBMUD and spoke highly of his colleagues,” he said, standing alongside cousin Rise Jones Pichon, a former Santa Clara County Superior Court judge.

EBMUD Board President Luz Gómez praised Patterson’s resilience and dedication.

“As his health declined, he would spend half the day in the hospital and still come to our meetings,” she said. “There will never be another like him.”

Activist Cheryl Sudduth highlighted Patterson’s commitment to workforce development and youth empowerment. “He had the vision to bring water careers to students and the next generation,” she said, noting that participants in one of his initiatives received $2,000 stipends.

Sudduth also summed up one of Patterson’s guiding philosophies: “He told me it’s not enough to have a seat at the table. You need to have access to quality resources, the tools to build the table, and the skills to ensure everyone there can contribute. We should be more than a representation; we should reflect determination.”

EBMUD Board Member Andy Katz emphasized the importance of remembrance.

“When you die, you die twice, physically, and then when people stop saying your name,” he said. “By honoring him this way, his name will continue to be spoken for years to come.”

Others in attendance reflected on Patterson’s broad impact.

“It was a joy to watch him accomplish so much,” said EBMUD Board Member Marguerite Young.

Business leader, Delane Sims added that Patterson became a trusted advisor to multiple Oakland mayors.

“We need young people to learn about him so they can become leaders capable of creating meaningful change,” Sims said.

Following public comments, attendees witnessed the unveiling of the bronze plaque in the boardroom foyer, along with signage officially renaming the space in Patterson’s honor.

Born in 1931, Patterson devoted more than seven decades to public service in Oakland and the broader East Bay. Appointed to the EBMUD Board in 1997, he served for 27 years and became its first African American board president. His leadership extended beyond water governance into civil rights, education, and community development.

A three-term president of the Oakland NAACP, Patterson also advised Oakland’s first Black mayor, Lionel Wilson, and played a key role in advancing equity, public health, and environmental justice. He served on the Urban Strategies Council and the Oakland Public Ethics Commission, further shaping public policy.

In 1971, Patterson was a founding director of the Peralta Colleges Foundation, which provides financial assistance and support to students across Berkeley City College, College of Alameda, Laney College, and Merritt College.

In addition, Patterson mentored countless young people through Oakland’s recreation programs, helping guide future leaders and even professional athletes. Though slight in stature, Patterson will always be remembered as a giant of a man.

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Arts and Culture

Against All Odds: Mary Jackson’s Journey to NASA Engineer

Jackson’s life took a significant turn when she was offered the opportunity to work in a wind tunnel, a facility used to test the effects of air moving over aircraft structures. It was here that her passion for engineering truly took flight. However, there was a challenge: to become an engineer, she needed to take advanced courses that were only offered at a segregated high school.

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Mary Jackson. Public domain.
Mary Jackson. Public domain.

By Tamara Shiloh  

When we talk about breaking barriers in science, technology, engineering, and mathematics, the name Mary Jackson deserves a place at the top of the list.

Jackson was born in 1921 in Hampton, Virginia, a place that would later become central to her groundbreaking work. From an early age, she showed a strong aptitude for math and science—subjects that, at the time, were not widely encouraged for African American women. But Jackson was not one to be limited by expectations. She earned degrees in mathematics and physical science from Hampton Institute (now Hampton University), setting the foundation for a career that would change history.

Before joining NASA, Jackson worked as a teacher and later as a research mathematician at the National Advisory Committee for Aeronautics (NACA), the agency that eventually became NASA. Like many African American women of her time, she began her career as a “human computer,” performing complex calculations by hand. It was in this environment that she worked alongside brilliant minds like Katherine Johnson, forming part of a powerful group of African American women whose calculations helped launch America into space.

Jackson’s life took a significant turn when she was offered the opportunity to work in a wind tunnel, a facility used to test the effects of air moving over aircraft structures. It was here that her passion for engineering truly took flight. However, there was a challenge: to become an engineer, she needed to take advanced courses that were only offered at a segregated high school.

Jackson did something truly remarkable. She petitioned the city of Hampton for permission to attend those classes. She didn’t accept “no” as an answer. And she won.

In 1958, Jackson became NASA’s first African American female engineer.

But Jackson’s impact didn’t stop there.

Later in her career, she chose to step away from her engineering position—not because she couldn’t continue, but because she wanted to make a difference. She moved into roles focused on equal opportunity, working to ensure that women and minorities had access to the same opportunities she fought so hard to get.

Jackson’s story gained wider recognition through the book and film Hidden Figures, which highlighted the contributions of African American women at NASA. But long before the spotlight found her, Jackson was doing the work—quietly, persistently, and brilliantly.

Jackson retired from Langley in 1985. Among her many honors were an Apollo Group Achievement Award and being named Langley’s Volunteer of the Year in 1976. She served as the chair of one of the center’s annual United Way campaigns and a member of the National Technical Association (the oldest African American technical organization in the United States).

She and her husband Levi had an open-door policy for young Langley recruits trying to gain their footing in a new town and a new career. A 1976 Langley Researcher profile might have done the best job capturing Mary’s spirit and character, calling her a “gentlelady, wife and mother, humanitarian and scientist.”

For Jackson, science and service went hand in hand.

She died on Feb. 11, 2005, at age 83, at a convalescent home in Hampton, Virginia.

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