Dammit, now white people actually will have to pay back their loans. Oh well, it was nice while it lasted.
Citigroup says this on its site:
"[I]f four key racial gaps for Blacks — wages, education, housing, and investment — were closed 20 years ago, $16 trillion could have been added to the U.S. economy. And if the gaps are closed today, $5 trillion can be added to U.S. GDP over the next five years.
These gaps exist based on systemic issues that caused and continue to cause discrimination against Blacks over the years. The gaps in many cases remain wide 60 years after the Civil Rights Movement. In some cases, including in homeownership rates and college degree attainment, the gaps are wider now than in the 1950’s and 1960’s. For each of the gaps faced by Blacks, we identify the degree of the gap between Blacks and whites in wages, labor segmentation, education, wealth, housing and investment and identify the impact closing each gap would have on the U.S. economy. Finally, we outline how we believe governments, corporations, and individuals can work together to eliminate these gaps for good."
#CMTSU!
Dammit, now white people actually will have to pay back their loans. Oh well, it was nice while it lasted.
The new,y appointed CEO is....yep, a middle aged white woman, the sweet spot for elite virtue signaling.
If I owned stock in Citigroup, I’d dump it like it was on fire.
The “gap” is the “ambition gap”.
yup....the stupid don’t learn from their mistakes...
How much has that cost the country? And is still costing the country?
Look...you can lead a horse to water but....
You cannot improve wages, unless the job holder has education. We’ve dumped trillions into schools and nothing changes. We tried desegregation and it failed. Grants etc.
They said we didn’t understand their culture enough to fill in the gaps, so we let them dictate the terms. It has failed too.
Maybe, maybe it really is just the mindset of their own culture and their unwillingness to change out of a failed society? If you keep making bad choices, refuse advantages of opportunity...that is not white culture’s problem. It is your problem, your attitude, and your myth.
how bout we compare the gaps between whites and asians....are they going to do anything about that??
They obviously watch SNL:
https://www.youtube.com/watch?v=yuEBBwJdjhQ
What is the next best pool? blacks and other minorities.
This could well be a debacle if the employment situation declines. There is also a lot of financial education that needs to be done before the banks start loading up people with large amounts of debt. There will not be debt forgiveness.
People of every color will say , not good time to move my money
FU and your ‘reckoning on race’!
Interesting definition Citigroup has of “antiracist” - to give preferential treatment to one race.
Then again, that’s the definition most mentally challenged leftists have.
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.
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
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.