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 ...
The blacks want to take over the US. I wonder what the native Americans think about that, plus the early Chinese immigrants,
plus the Spanish/ Mexican settlers.
All banks are highly regulated and there haven’t been small banks since FDR destroyed them at the behest of his masters. This is pure posturing.
“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.”
1. And what makes them think the result will be as Netflix intends.
2. Or are they just paying virtue signalling political ransom so they won’t be called “racist”.
Obamabanking! Solyndra did kinda the same thing...
For some odd reason Maxie Pad Waters came to my mind.
Would that be the Obummer National Bank??
This reminds of the ongoing “minority business” scam.
Business owners would (and still do) pay a minority person to be their “front” to get the government or other contracts.
At the end of the day, the actual benefits go to a very few clever minorities who are skilled at gaming the system.
One variation of the minority contract scam is to have the minority firm be the general contractor and then have them subcontract out to white firms that can actually do the work.
Or the Bank of Calypso Louis.
Never knew we had black or white owned banks ....hmmmm.”
From 68 to 88 Seattle had Liberty Bank which was 80 percent black owned. It was closed by the state for various reasons mostly by the black primary owners defrauding the black minority investors.
I thought Outlander existed for women to enjoy watching the main dude walk around without a shirt. Does it have any value beyond that?
just 2%, huh, netflix?
seems kinda cheap.
why not 20%?
why not all of it?
seriously, why not all of it?
How do they determine what is a “black-owned bank?” When you buy a share of stock, do you have to declare your race? And if so, what proportion of the share-holders must be black for the entity to be declared black-owned? What about fund-managers who buy bank stocks for their fund. Does the fund manager have to file the racial composition of the holders of its shares before it buys bank stock?
Like Maxine Waters husband’s “bank”.
I guess they love to throw money away.
Perchance May I know which banks are white owned and contribute to white causes that I may do my business with them?
LOL>….
If you borrow $100k and can’t pay it back, you have a problem.
If you borrow $100M and can’t pay it back, the bank has a problem.
I have seen a lot of bank regulations and if Netflix somehow gave this to a White Bank (meaning the major shareholders were White), this would actually be a huge violation of many supposed color-blind regulations.
Here it the cold hard fact, diversity is anything non-white. Hate crimes are only when whites hurt minorities. Equal opportunity is promotion of a minority over a white.
If you hurt white people economically, in education, in courts (see Atlanta cops), or whatever, it’s payback from the sins of the slave era.
It’s a sort of forced Karma, they believe. It will end badly, for all of us, I fear.
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