Skip to comments.Netflix moving $100 million of cash holdings to black-owned banks
Posted on 06/30/2020 7:49:23 PM PDT by ConservativeStatement
Netflix is pledging $100 million to support black-owned banks, the company announced Tuesday.
The streaming video giant announced that it would shift 2 percent of its cash holdings to African American-owned US financial institutions in order to directly support Black communities in the US.
(Excerpt) Read more at nypost.com ...
Better than Comcast’s donation of $150 mil to BLM.
Perhaps they should have given the money to the dead criminal's family. There's enough of them that it would certainly help.
I am sure those banks are owned by the oppressed poor.
Don’t put your arm out patting yourself on the back there, Netflix.
Its their money, and this is better than supporting rioters as legitimate protestors and issuing cheap, BS slogans, as many companies have done.
And when the $$ disappears.....they will just shrug and write it off.
What banks are “black owned?”
Never knew we had black or white owned banks ....hmmmm.
Isn’t Barack worth over $50,000,000 now?
How much is he giving to the black community?
“I mean, I do think at a certain point you’ve made enough money.” - B.O.
Stop paying your cable bill. Stop watching the trash on Netflix (with the exception of Outlander, which can also be seen on Starz).
Get off the TV, get off the media. Read old classics, the Constitution. Get outside and work off some calories.
Many better things to do than watch your hard earned money get siphoned to these shucksters.
This sounds like racism.
But then what happens, when they shift money to black owned banks?
Do the banks lend money only to black businesses and individuals? Or primarily to black owned businesses and black people in general? A bank “invests” by loaning money to businesses, who then repay the loans with interest.
Someone once told me that “bank accounting” is backwards from accounting in other businesses. In that, the money you deposit in a bank is an accounting liability to them; they owe you that money back if you want to withdraw your money.
The assets of a bank are the loans which banks make to earn interest. But the assets are on paper, representing cash which the bank has paid out in the form of loans.
That’s how it was explained to me, anyway, that the bank assets are loans, not cash or cash equivalents. And that your cash in the bank is really a liability for that bank.
I’m pretty sure those banks are not really “owned” by blacks. Just like the NAACP wasn’t really started by blacks.
Now they’ll be able to make subprime loans to the “disadvantaged communities”.
A measly 2% is an insult! We demand 100% !
Yo! Netflahx, man, Stap usahng da term owned. It ahs black governed.
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