Do you think the Black 1% should start a Black Bank?

[Tropical Fantasy]

the bank of thomas nixon carver? the economist?

it's named after George Washington Carver

 

[ThatTruth777]

Why do black people think other black people wont exploit them as much as any other race?

scared money don't make money

 

[Field Marshall Bradley]

I've been thinking about messing with Donald Watkins bank since 2010, might as well go ahead and make that move

Or at least just open a checking account there

 

[Captain Crunch]

I keep my money at a black bank

Carver Federal Savings Bank

Carver is now run by Goldman Sachs and a few others, they got 50 mil for control in 2011

 

[Colicat]

Only if they practice predatory lending on cacs

 

[Tropical Fantasy]

Carver is now run by Goldman Sachs and a few others, they got 50 mil for control in 2011

they just invested in it and get shares from it, I'm pretty sure GS & the other banks that invested dont have complete control

 

[IAmGettingAMailOrderBride]

 

[Captain Crunch]

they just invested in it and get shares from it, I'm pretty sure GS & the other banks that invested dont have complete control

From what I reading, they do, and a Carver investor alluded to it. I could be wrong though.

 

[BulletProof]

Why would you want more banks?

They're the problem.

 

[Michael's Black Son]

those motherfukkas are probably trying to figure out how to hit a lick like Dre and come up with a Beats #2.

 

[Blackout]

Did You Know There Were 21 African American Owned Banks In The Country? - Urban Intellectuals |
Urban Intellectuals

for some reason I couldnt copy the list but its at the end of the article.

Thank you. I live near Houston and I was looking for a second bank other than the mainstream to do most of my long term banking.

 

[MikelArteta]

Why do black people think other black people wont exploit them as much as any other race?

lol my mom used to think that way, hiring the black painter, the black landscaper all did crappy work and didn't finish the job.

 

[BamdaDon]

of course, I`m saying them buying a current/starting a black bank would probably be a branding thing, you would in turn have your every day blacks moving their money to these black banks, these black banks giving out business loans so blacks can open businesses etc.

My boy works at Wells Fargo and told me that they have a loan for Indians where they get an intrest free Business Loan for 7 yrs, so what they do is every 6 yrs sell their business to their Indian friend and they continue the intrest free terms.

Its wild to me that an immigrant with ZERO credit and financial history in the US can come to the states and get business loans within 1 yr of living here.

I'd kill for some shyt like that.

 

[mrken12]

The government would sabotage the shyt out of it. But I'm all for doing it.

 

[Kings County]

lol the illuminati aint having that remember when they were supposed to start a black music distribution company the powers that be shut that down