I thought businesses were not allowed to charge customers different prices based on race. Calling Bill Barr. If banks overcharged black businesses in the past, they should reimburse those businesses, not discriminate against non-blacks now.
Hmm...I recall easy peazy home loans for blacks in the past. And how did THAT work out?
Under Marxists it going to be back to the plantation for all except their Masters!
lmao... just remember this a couple years from now when these same banks ask for another tax payer bailout because of all the bad debt...
Ha! Won’t be touched. But what I’d do is get with the local GOP office and ask for a list of black republican register voters and send out pamphlets knowing what they offer. It could increase minority bank accounts and perhaps business numbers. Mission done and liberals can’t cry about it.
So as all these ‘commitments’ come about whether like this or to BLM or related to colleges admissions or any other number of situations will whites just sit back accept this?
No bank bailouts this time. They decided this on their own. I’m all for helping minority business but making decisions based on skin color instead of the individual is a recipe for disaster.
Discrimination against Whites and other races .
Sue these bastards Woke WS suckers .
It’s the 50s oppression all over again, except now it’s the exact opposite side of the coin. Whites are the ones being oppressed. And culturally, mankind hasn’t gained a thing. We’ve traded one evil for another.
“banks will pay Black-owned suppliers earlier than other customers or charge them lower fees, the banks say”
And I bet the standards are lower for loans, etc. The rest of us will pay higher fees.
Let me introduce you to history...
1) This has been demanded.
2) This will be done.
3) The bastardization of the free market will produce rotten fruit from this rotten tree.
4) Banks will be charged with predatory lending and exploitation.
Rinse and repeat.
Oh, so much for equality under the law, right?
Hope it gets to the Pacific Legal Foundation in California who take on exactly these types of cases.
Californians, as deep blue as we are (unfortunately) just rejected a return to preferences, quotes and favoritism, i.e., AA.
More white privelege.
Banks funded Hitler, Stalin, Chavez, Maduro, Mugabe ... the list is endless. Sooner or later people will realize that all the isms couldn’t exist without corrupt banks keeping them solvent.
Give us money or we’ll burn you down. Things looking up for BLM.
Some people have short memories. They forget what happened in the banking debacle, which, that also was the result of giving loans to people based on race, that could not afford to pay it back.
EQUAL CREDIT OPPORTUNITY ACT
Enacted on October 28, 1974, the Equal Credit Opportunity Act (ECOA) makes it unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction, on the basis of: Race, Color, Religion, National Origin, Sex, Marital Status, Age, Income Derived from Public Assistance, or having exercised their rights under the Consumer Credit Protection Act.
Seems like a clear violation to me. Giving preferential treatment to one Race in obtaining credit....
This will probably go like other race preferred programs, like special development grants or contract bidding. Interested companies, no matter their ownership, will bring in an interested black investor to fulfill the requirement to participate, and gain access to the program. Businesses and lenders have been dancing circles around these silly schemes since they were invented. I know of one loan officer who has several black investors on speed dial just for these opportunities.
The way to end racism is to stop doing racist things.
Obviously, white people need to shout “no justice, no peace” and burn a few cities down (I’d say Washington D.C. is a good choice) to get equality. Loot some Targets for Christmas.
What happened to the color-blind society we are supposed to be pursuing??