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

[Apollo Creed]

even if there is a fee, paying a 5-10k fee sure as hell beats no interest rate

 

[↓R↑LYB]

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.

Came to post this. There's black banks already. We just need to support them.

 

[Apollo Creed]

Came to post this. There's black banks already. We just need to support them.

I think the main reason ppl dont make the jump is they pretty much survive off Fees, and lack of ATMs, I guess safest bet is to still keep a big bank or have an account with one of these banks that reimburse ATM fees.

I dont use cash so this isnt an issue but it can be for many.

 

[Captain Crunch]

Move your money to one of these black banks.
Why wait for Oprah; Jay-Z to do something for the community, when you can do it?

 

[HookersandIceCream]

Move your money to one of these black banks.
Why wait for Oprah; Jay-Z to do something for the community, when you can do it?

Why do anything when its much easier to make a baseless thread

 

[Captain Crunch]

fukk, just realized my bank recently got acquired by whites, I should look to moving my money to City NB of New Jersey.

 

[Gains]

We all know the likes of Jay, Diddy, Dre, Oprah,

as if these are the richest blacks


they got broke rich man money

 

[Danny Up]

fukk outtahere. Ain't nobody keeping black people from getting no loans today. Only their shytty income and credit. A black bank would be a damn fool to loan these welfare crackheads some real money.

 

[Atlrocafella]

I work in the banking world. The competition is too huge to allow a new comer to come in a take a major segment like that. Wells/bofa would push or buy them out before they even got to that level.

 

[Jayson_bourn]

Is there some benefits of banking with a black owned bank aside from any other bank?

Isn't their existence centered around holding your money, charging you for it, lending that money to others, then charging them for it, THEN proceeding to do risky trading with the money while you foot the bill if they lose and they keep 100% if they win?

 

[Crakface]

Is there some benefits of banking with a black owned bank aside from any other bank?

Isn't their existence centered around holding your money, charging you for it, lending that money to others, then charging them for it, THEN proceeding to do risky trading with the money while you foot the bill if they lose and they keep 100% if they win?

To get loans.

 

[Lord Beasley]

short answer: no....it would work the same way....

 

[Tropical Fantasy]

I keep my money at a black bank

Carver Federal Savings Bank

 

[Lord Beasley]

I keep my money at a black bank

Carver Federal Savings Bank

the bank of thomas nixon carver? the economist?

 

[Tropical Fantasy]

I work in the banking world. The competition is too huge to allow a new comer to come in a take a major segment like that. Wells/bofa would push or buy them out before they even got to that level.

This is very true. The black bourgeoisie could just invest in Carver Federal Savings Bank, the largest black owned bank in the US