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Citigroup Vows to Become ‘Antiracist,’ Review Internal Policies. Bank pledges $1 billion for homeownership, Black-owned firms. CFO Mark Mason cites the U.S. ‘national reckoning on race’
Bloomberg | September 22, 2020 | Jennifer Surane

Posted on 09/23/2020 7:44:51 AM PDT by karpov

No excerpt allowed from Bloomberg, story here.


TOPICS: Business/Economy; Culture/Society
KEYWORDS: citigroup
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To: dfwgator

Touche, allow me to fetch my John Manton Pistols


21 posted on 09/23/2020 8:02:57 AM PDT by 1Old Pro (FILL THE SEAT)
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To: karpov

People of every color will say , not good time to move my money


22 posted on 09/23/2020 8:08:46 AM PDT by butlerweave
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To: OpusatFR

Banking institutions who make race based financial policies should not be eligible for federal bailouts when their policies fail. Here is the outcome of this:

1) Money Laundering through fraudulent business loans. People on top will make out like bandits, the actual black person who took the loan will suffer.

2) Desirable neighborhoods will be infiltrated and good school systems will be reduced to garbage.

3) After several years, massive housing foreclosures by blacks who can not afford the loans they were given.

4) Outcry’s of injustice, followed by federal bailouts.


23 posted on 09/23/2020 8:09:18 AM PDT by RBW in PA
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To: karpov

FU and your ‘reckoning on race’!


24 posted on 09/23/2020 8:14:22 AM PDT by Altura Ct.
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To: karpov

Interesting definition Citigroup has of “antiracist” - to give preferential treatment to one race.

Then again, that’s the definition most mentally challenged leftists have.


25 posted on 09/23/2020 8:21:03 AM PDT by Pravious
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To: karpov

A billion in mortgages that wouldn’t have been written otherwise,meaning the applicants are not credit worthy. So they can count on foreclosing on half of them.


26 posted on 09/23/2020 8:22:08 AM PDT by Gay State Conservative (Thanks To Biden Voters Oregon Is Now A Battleground State!)
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To: karpov
This bank came out strongly against the 2nd Amendment after the Florida school shooting. I cancelled the credit card I had with them as a result, and let them know that was why. They continue to show that this was the right move.
27 posted on 09/23/2020 8:37:21 AM PDT by nhbob1
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To: karpov
wages, education, housing, and investment

listen stooopid... it's EDUCATION that drives the other three, and you can't make them learn if they don't want too!!! that be acting white and stuff

28 posted on 09/23/2020 8:40:53 AM PDT by Chode (Send bachelors and come heavily armed.)
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To: dfwgator

LOL Citigroup, more no down payment loans for folks who can’t afford the monthly payments in the first place. Hmmmmm, seen this before.


29 posted on 09/23/2020 8:52:42 AM PDT by Lockbar (Vlad the Impailer had all the answers.)
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To: dfwgator

And behavior.


30 posted on 09/23/2020 8:57:13 AM PDT by deadrock (<img src="WIDTH420WIDTH420.jpeg" width="420">)
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To: deadrock
And behavior.

Which is driven by ambition.

31 posted on 09/23/2020 8:58:10 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: clintonh8r

The newly appointed CEO is....yep, a middle aged white woman, the sweet spot for elite virtue signaling.

Thanks for confirming our thoughts!


32 posted on 09/23/2020 9:11:32 AM PDT by Grampa Dave (3 NOV 2020! FOR JOBS! NOT RIOTING BLM/ANTIFA/DEM/MOBS! /POLICE FOR US! NOT JUST FOR THE ELITE!)
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To: karpov

I would cancel my Citibank account but, oh wait!, I did that years ago. I did it after they raised my credit card rate 7% for no other reason than they were going through the housing bubble collapse and needed liquid assets.


33 posted on 09/23/2020 9:27:56 AM PDT by OrangeHoof (COVID infects the Democrat brain and makes them drunk with power.)
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To: karpov

If you really want to see true systemic ‘racism’ and sexism, try being a young white male figuring out how to pay for college.


34 posted on 09/23/2020 9:36:42 AM PDT by Svartalfiar
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To: karpov

Pushing “home ownership” and entrepreneurship?

Fine with me if that’s what they want to do. The bogus rhetoric I could do without.


35 posted on 09/23/2020 9:51:16 AM PDT by Republican Wildcat
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To: Svartalfiar
If you really want to see true systemic ‘racism’ and sexism, try being a young white male figuring out how to pay for college.

I secretly applaud every white person that fraudulently self-identifies as black. Everyone should do this, to get in on the graft and handouts.

36 posted on 09/23/2020 10:01:53 AM PDT by Drew68
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To: Gay State Conservative
A billion in mortgages that wouldn’t have been written otherwise,meaning the applicants are not credit worthy. So they can count on foreclosing on half of them.

They needn't worry. The white middle class will pay for the bail-outs.

37 posted on 09/23/2020 10:07:50 AM PDT by Drew68
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To: karpov

Once you pay the Danegeld, you never get rid of the Dane.


38 posted on 09/23/2020 6:08:52 PM PDT by tbw2
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