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re: Killer Mike's new Black-owned bank receives 'tens of thousands' of account requests
Posted on 10/12/20 at 4:52 am to Will Cover
Posted on 10/12/20 at 4:52 am to Will Cover
Gotta start somewhere. You can't be mad about the "poor money management of blacks" and also get mad about someone trying to fix it. It may not be perfect, but it's a step in the right direction.
Posted on 10/12/20 at 4:53 am to Will Cover
I think it’s funny how all these black folks feel like “white banks” are somehow keeping black folks down
Posted on 10/12/20 at 5:29 am to fallguy_1978
quote:
My dad would have donated a kidney to me before he gave me access to a credit line he had open back then.
You didn’t have to have actually use the card in order to “have access”. Your parents could have added you to an account and never given you the card and just paid off the bill each month. This way your credit gets built up.
My wife’s dad did the same thing for her with his company amex.
Posted on 10/12/20 at 5:33 am to stout
quote:
Banks don't refuse you based on race as that is highly illegal. They refuse you based on ability to repay.
In this world, the color of money is really the only color that matters.
Posted on 10/12/20 at 5:44 am to DiamondDog
quote:
found what’s going to bankrupt them.
Its probably going to be like Chime. The money is already sent to the bank. They just release it early.
Posted on 10/12/20 at 5:54 am to Will Cover
Every bank now how to fill out some extra paper work when a black is rejected on a loan. Not whites, not Asians. (Not sure about Hispanic).
So, is this bank going to have to fill out the same paper work if a white is rejected for a loan?
So, is this bank going to have to fill out the same paper work if a white is rejected for a loan?
Posted on 10/12/20 at 6:08 am to WaltTeevens
quote:
Gotta start somewhere. You can't be mad about the "poor money management of blacks" and also get mad about someone trying to fix it. It may not be perfect, but it's a step in the right direction.
Capitalism will help any person who works hard and smart. This is not an example of that. It’s a really bad business model but sincerely wish them luck and I hope they prove me wrong.
Posted on 10/12/20 at 6:08 am to The Pirate King
quote:
I see this one ending in a lot of lawsuits
Maybe. I see this ending in a federal bailout. Then they will close the doors.
Posted on 10/12/20 at 7:16 am to Will Cover
I have zero issues with this.
Sounds like a solid capitalist venture.
Sounds like a solid capitalist venture.
Posted on 10/12/20 at 7:19 am to Will Cover
I am all for self-segregation
America be free like that
America be free like that
Posted on 10/12/20 at 7:20 am to Byrdybyrd05
quote:
As a half Latino,
quote:
I asked my family in Costa Rica
You have to go halfway back.
Posted on 10/12/20 at 8:13 am to Will Cover
Say bruh, Where is muh loan faw mah chrome 28s faw my 82 Caprice? Sheeeeeeit!
Well because,
I got long hair,
No pocket full of stones,
no mad hoes,
Playin on mah phone.
I talk plenty shite,
muthufrickuh I’m grown,
And everybody in duh clique got chrome on dey shite. Ah needs duh chrome!
Well because,
I got long hair,
No pocket full of stones,
no mad hoes,
Playin on mah phone.
I talk plenty shite,
muthufrickuh I’m grown,
And everybody in duh clique got chrome on dey shite. Ah needs duh chrome!
Posted on 10/12/20 at 8:35 am to Steadyhands
Mike gonna make a killing on fees/service charges for all those pre-paid debit cards everyone’s requesting
Posted on 10/12/20 at 8:38 am to Will Cover
Looks like they are aiming for the "most overdrafts" world record
Posted on 10/12/20 at 8:40 am to Will Cover
Don't publicly traded banks have any black stockholders?
Posted on 10/12/20 at 8:42 am to Will Cover
If they are doing everything online, how are they going to successfully discriminate?
Posted on 10/12/20 at 8:42 am to Will Cover
this bank is gonna need the govmt to change lending laws for them
Posted on 10/12/20 at 8:51 am to Antonio Moss
quote:
I have zero issues with this.
I do. Because your and my tax dollars will be on the hook to bail this guaranteed money loser out.
Posted on 10/12/20 at 8:51 am to fr33manator
quote:
Can we stop this shite? No latino I know likes or says (how do you even say it, la-tinks) this nonsense.
My friends Pedrx and Gabrillx disagree.
Posted on 10/12/20 at 9:08 am to Will Cover
Doesn't seem a lot of people are familiar with Killer Mike. He's an extremely intelligent, well-spoken, opinionated, gun supporting, business owning black man whose main mission in life has been to empower black folks. He very much believes that the black community needs to improve its own lot in life rather than rely upon institutions who, time and again, have proven unable or uncommitted to truly making changes.
One of the main reasons blacks can't get loans to open businesses is that banks find the communities they want to open those businesses in as high risk. How can these areas change without an influx of capital investment? They can't. Mike believes that there are opportunities in these areas deserving of that capital investment so he's creating a means of allowing some of that investment to flow. I can't see why anyone would look down on his efforts or shame him for doing something to improve his community?
Also, I can damn near guarantee you he's not in this to make money for himself. The dude truly cares and wants to initiate change.
One of the main reasons blacks can't get loans to open businesses is that banks find the communities they want to open those businesses in as high risk. How can these areas change without an influx of capital investment? They can't. Mike believes that there are opportunities in these areas deserving of that capital investment so he's creating a means of allowing some of that investment to flow. I can't see why anyone would look down on his efforts or shame him for doing something to improve his community?
Also, I can damn near guarantee you he's not in this to make money for himself. The dude truly cares and wants to initiate change.
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