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

[karpov]

No excerpt allowed from Bloomberg, story here.

[1Old Pro]

Touche, allow me to fetch my John Manton Pistols

[butlerweave]

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

[RBW in PA]

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.

[Altura Ct.]

FU and your ‘reckoning on race’!

[Pravious]

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

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

[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.

[nhbob1]

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.

[Chode]

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

[Lockbar]

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

[deadrock]

And behavior.

[dfwgator]

And behavior.

Which is driven by ambition.

[Grampa Dave]

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

Thanks for confirming our thoughts!

[OrangeHoof]

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.

[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.

[Republican Wildcat]

Pushing “home ownership” and entrepreneurship?

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

[Drew68]

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.

[Drew68]

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.

[tbw2]

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