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Message
re: Killer Mike's new Black-owned bank receives 'tens of thousands' of account requests
Posted on 10/12/20 at 11:13 am to stout
Posted on 10/12/20 at 11:13 am to stout
quote:
AKA sub prime lending. Sounds like a great business model. Not sure why Wells Fargo or Chase never thought of it.
I love it. Obviously one of two things is going to happen:
1) The bank is going to fold like a lawn chair
2) They are going to adhere to sound underwriting practices, in which case they'll be just as "racist" as every other bank.
Either way, it's going to be a great example to bring up next time someone is screeching about 'muh racist banks'.
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