Let me get this straight...(I’m white and dense) so blacks should get told no audits, backgrounds, job history and just go right into the bank and get money and go out and buy a house, car, boat or whatever with no collateral whatsoever or open a bidness under the same “no” restraints? I’m serious as a heart attack here folks. Hub and I don’t need to make loans but our kids and grandkids are still in the market of making loans for one thing or the other if need be and they’ll get a colonoscopy free of charge to make a loan?
I’m also white and dense, but I don’t think it means what you think it means. I think the 3 banking groups are asking to NOT have inquiries/audits into whether or not they are handling their business in the appropriate racial-equity mode to meet SJW-type standards. Even the “woke” banks are bristling at further investigations into their actual wokeness in their day-to-day workings. JMHO, and may not be correct.
Standing in line today at the credit union, I over head this conversation: I wants to know how I gets my new mortgage on house I just bought paid by my unemployment check which gets sent to this credit union. The mortgage be with a bank.
So I am thinking, how does one get a mortgage approved when someone is unemployed?? Or is someone getting unemployment while having other income. BTW, the Bank is BofA.
Special illogical financial responsibility privileges for non persons of color....
Excellent points.
Much of the housing crash in the 2000s was when banks freely signed onto totally insane mortgage deals for people who couldn’t-—and didn’t——come through. Many of the nice foreclosed houses now have Section 8 people living in them for practically free (small honorarium paid).