So apparently there are "black" banks opening up ...

[brandonbull]

Originally posted by: timur

Originally posted by: SpecialEd
opening a national chain of banks only available to 10-15% of the country's population doesn't seem like a good idea to me.

Originally posted by: J0hnny
Well, there are many Chinese family owned retail banks and from what I've seen, they rely on the business of mainly Chinese people who trust their own.

What the proportion of the nation that's Chinese? Are those Chinese banks a bad idea?

I sure those "chinese banks" are local. Don't recall seeing national chinese banks around. There also may be a slight discrepance in the saving rates of chinese vs. blacks.

 

[Gooberlx2]

Originally posted by: J0hnny

Originally posted by: Sinsear

Originally posted by: Kaido
Isn't that racist against the rest of us?

Yes.

No it wouldn't be, as long as they don't deny you the same service and lending rates.

Which they don't, at least the article mentioned no such thing...so....it's just another bank. Just a regular old bank. A normal, boring bank.

 

[brandonbull]

Do you get a 40 for opening a new savings account?

 

[b0mbrman]

Originally posted by: Gooberlx2

Originally posted by: J0hnny

Originally posted by: Sinsear

Originally posted by: Kaido
Isn't that racist against the rest of us?

Yes.

No it wouldn't be, as long as they don't deny you the same service and lending rates.

Which they don't, at least the article mentioned no such thing...so....it's just another bank. Just a regular old bank. A normal, boring bank.

Just like BET doesn't deny white people the opportunity to watch it...so...it's just another channel. Just a regular old channel. A normal, boring channel.

 

[Gooberlx2]

Originally posted by: b0mbrman

Originally posted by: Gooberlx2

Originally posted by: J0hnny

Originally posted by: Sinsear

Originally posted by: Kaido
Isn't that racist against the rest of us?

Yes.

No it wouldn't be, as long as they don't deny you the same service and lending rates.

Which they don't, at least the article mentioned no such thing...so....it's just another bank. Just a regular old bank. A normal, boring bank.

Just like BET doesn't deny white people the opportunity to watch it...so...it's just another channel. Just a regular old channel. A normal, boring channel.

Agreed :thumbsup:

 

[b0mbrman]

Originally posted by: brandonbull
Do you get a 40 for opening a new savings account?

I don't see what you're getting at.

 

[Abe Froman]

In all honesty do you really care? It isn't going to affect anyone who isn't a member. For all intents and puposes, it's no different than just another bank chain opening.

 

[halik]

Originally posted by: J0hnny

Originally posted by: krunchykrome
Also, one personal observation is that every bank I visit "Wachovia, Provident, Sun Trust", most of the employees are Black. I don't understand what he means by having a "black" bank other than probably having more lenient check cashing policies. But hey, thats just my opinion.

Wow, it's the same for me here in NYC. I'd have to say I've never seen a caucasian bank teller in the last 4 years!

yupp same here

 

[J0hnny]

Originally posted by: timur

Originally posted by: J0hnny
Well, there are many Chinese family owned retail banks and from what I've seen, they rely on the business of mainly Chinese people who trust their own.

What the proportion of the nation that's Chinese? Are those Chinese banks a bad idea?

It's not about the proportion of the nation that's Chinese. Population does not correlate with % of business. A single wealthy person can represent a disproportionate amount of business.

 

[Golgatha]

Originally posted by: J0hnny

Originally posted by: krunchykrome
Also, one personal observation is that every bank I visit "Wachovia, Provident, Sun Trust", most of the employees are Black. I don't understand what he means by having a "black" bank other than probably having more lenient check cashing policies. But hey, thats just my opinion.

Wow, it's the same for me here in NYC. I'd have to say I've never seen a caucasian bank teller in the last 4 years!

Who writes the loans and who runs the bank? Banks are pretty much all owned by a bunch of rich, old, white guys who know that they must staff their branches to reflect the communities they're set up in if they want to be successful.

Wachovia for example.


Now, a serious question. Can any bank discriminate based on the color of your skin for things like home loans, education loans, etc? Without doing further research, I'm going to say that this practice has to be illegal or at least should be.

 

[meltdown75]

Talk is cheap.

 

[purbeast0]

Originally posted by: Abe Froman
In all honesty do you really care? It isn't going to affect anyone who isn't a member. For all intents and puposes, it's no different than just another bank chain opening.

It won't affect me, no.

But it is the wrong direction for the black community to be going considering how much we hear that they don't have equality to other races in America.

 

[J0hnny]

Originally posted by: Gooberlx2

Originally posted by: J0hnny

Originally posted by: Sinsear

Originally posted by: Kaido
Isn't that racist against the rest of us?

Yes.

No it wouldn't be, as long as they don't deny you the same service and lending rates.

Which they don't, at least the article mentioned no such thing...so....it's just another bank. Just a regular old bank. A normal, boring bank.

CORRECT! THIS IS NOTHING NEW! There are a thousands of "ethnically" friendly banks/credit unions already existing!!

example: List of Minority Owned Banks!

 

[timur]

Originally posted by: J0hnny

Originally posted by: timur

Originally posted by: J0hnny
Well, there are many Chinese family owned retail banks and from what I've seen, they rely on the business of mainly Chinese people who trust their own.

What the proportion of the nation that's Chinese? Are those Chinese banks a bad idea?

It's not about the proportion of the nation that's Chinese. Population does not correlate with % of business. A single wealthy person can represent a disproportionate amount of business.

Given that much more of the population is black than Chinese, I'm sure there are more single, wealthy Blacks than Chinese...to represent disproportionate amounts of business

 

[J0hnny]

Originally posted by: timur

Originally posted by: J0hnny

Originally posted by: timur

Originally posted by: J0hnny
Well, there are many Chinese family owned retail banks and from what I've seen, they rely on the business of mainly Chinese people who trust their own.

What the proportion of the nation that's Chinese? Are those Chinese banks a bad idea?

It's not about the proportion of the nation that's Chinese. Population does not correlate with % of business. A single wealthy person can represent a disproportionate amount of business.

Given that much more of the population is black than Chinese, I'm sure there are more single, wealthy Blacks than Chinese...to represent disproportionate amounts of business

I highly doubt that given that a disproportionate amount of wealth is in the hands of asians, as compared to african americans. What I'm trying to point out is that you CANNOT correlate % population with % business!

 

[J0hnny]

Originally posted by: timur

Originally posted by: J0hnny

Originally posted by: timur

Originally posted by: J0hnny
Well, there are many Chinese family owned retail banks and from what I've seen, they rely on the business of mainly Chinese people who trust their own.

What the proportion of the nation that's Chinese? Are those Chinese banks a bad idea?

It's not about the proportion of the nation that's Chinese. Population does not correlate with % of business. A single wealthy person can represent a disproportionate amount of business.

Here is an entire article for you to read so you can understand how your statistics DON'T work!

http://www.usatoday.com/money/general/2002/02/27/minority-biz.htm

 

[rivan]

Originally posted by: moshquerade
way to continue promoting separation and segregation just like what Sharpton and Jackson do so they can maintain their positions.

:thumbsup:

 

[brandonbull]

Originally posted by: swimscubasteve
I think it's a good idea and not racist at all. Just because you target a specific demographic doen't make you a racist.

Only if you are white does targeting a demographic make you a racist

 

[K1052]

Originally posted by: purbeast0

Originally posted by: Abe Froman
In all honesty do you really care? It isn't going to affect anyone who isn't a member. For all intents and puposes, it's no different than just another bank chain opening.

It won't affect me, no.

But it is the wrong direction for the black community to be going considering how much we hear that they don't have equality to other races in America.

A significant segment of the black population has no interest in actual equality as that would end the throwing down of the race card to get an unfair advantage.

 

[mercanucaribe]

Originally posted by: bignateyk

Originally posted by: timur

Originally posted by: bignateyk
well, unless hes going to be giving some kind of charity (like really low interest rates), or giving loans to those who are normally unable to get them for the purpose of school, etc..., then I think this is pretty fvcking stupid.


And if he is doing this for charity reasons, then I dont think it will last very long.

What if it not him doing the charity?

What if he can convince blacks with money to put their money in savings there at a lower interest rate instead of at normal banks?

People buy Priuses to feel good even though they not really saving money, why not deposit their money in a black bank to feel good?

Then I think its just a stupid idea that promotes the misconception that black people are discriminated against when getting loans, etc..., and if anything, will make problems like that worse.

Black people ARE discriminated against in banking and real estate. Even recent studies have shown that. I didn't read this article, but I'm assuming you don't HAVE to be black to use it and that it's just targeted toward black people. This is not at all the same as having a white people oriented bank.
That's like comparing an Irish American organization to the KKK, when it's clearly different.

 

[bignateyk]

Originally posted by: mercanucaribe

Originally posted by: bignateyk

Originally posted by: timur

Originally posted by: bignateyk
well, unless hes going to be giving some kind of charity (like really low interest rates), or giving loans to those who are normally unable to get them for the purpose of school, etc..., then I think this is pretty fvcking stupid.


And if he is doing this for charity reasons, then I dont think it will last very long.

What if it not him doing the charity?

What if he can convince blacks with money to put their money in savings there at a lower interest rate instead of at normal banks?

People buy Priuses to feel good even though they not really saving money, why not deposit their money in a black bank to feel good?

Then I think its just a stupid idea that promotes the misconception that black people are discriminated against when getting loans, etc..., and if anything, will make problems like that worse.

Black people ARE discriminated against in banking and real estat. Even recent studies have shown that.

Regardless, I dont think that segregating banks is going to solve the problem. It might give people the illusion that it is solved but in reality it will make the problem worse.

 

[Sinsear]

Originally posted by: brandonbull

Originally posted by: swimscubasteve
I think it's a good idea and not racist at all. Just because you target a specific demographic doen't make you a racist.

Only if you are white does targeting a demographic make you a racist

QFT. Go ahead and start a White Entertainment Channel...see what happens

 

[JeffreyLebowski]

Originally posted by: krunchykrome
I heard about this the other week. What some people don't realize is that the more you recognize color difference by doing things like this, the more you're actually nurturing the problem. Also, one personal observation is that every bank I visit "Wachovia, Provident, Sun Trust", most of the employees are Black. I don't understand what he means by having a "black" bank other than probably having more lenient check cashing policies. But hey, thats just my opinion.

They offer new loan services.
~The Double-Dubb loan. - No longer will you have to put those fly rims on layaway at those dirty beloved patriot stores down little Mexico, with our Double-Dub Loan or DDL you can get a fat wad of cash to go get that killa set of Spinners or Dubs for your 86 Brougham.
~Baby Momma loan. - This loan is for Momma's how's baby daddy got busted and is no longer making his child support payments. Just sign up and put your Welfare check down as collateral and the money will come rollin in, until we decide to stop payin you because someone else opened a Baby Momma loan.
~Tree Fiddy loan. - $3.50 is what you get from this one, that should be enough to get you a 40 of Colt or Schlitz.


Now seriously, since this is a "black" bank, am I allowed to bank there? Will I be penalized and charged a higher rate because I'm white?

 

[montypythizzle]

not like they pay bills anyway (sorry I am from "teh h00d")

 

[AgaBoogaBoo]

Originally posted by: JeffreyLebowski

Originally posted by: krunchykrome
I heard about this the other week. What some people don't realize is that the more you recognize color difference by doing things like this, the more you're actually nurturing the problem. Also, one personal observation is that every bank I visit "Wachovia, Provident, Sun Trust", most of the employees are Black. I don't understand what he means by having a "black" bank other than probably having more lenient check cashing policies. But hey, thats just my opinion.

They offer new loan services.
~The Double-Dubb loan. - No longer will you have to put those fly rims on layaway at those dirty beloved patriot stores down little Mexico, with our Double-Dub Loan or DDL you can get a fat wad of cash to go get that killa set of Spinners or Dubs for your 86 Brougham.
~Baby Momma loan. - This loan is for Momma's how's baby daddy got busted and is no longer making his child support payments. Just sign up and put your Welfare check down as collateral and the money will come rollin in, until we decide to stop payin you because someone else opened a Baby Momma loan.
~Tree Fiddy loan. - $3.50 is what you get from this one, that should be enough to get you a 40 of Colt or Schlitz.


Now seriously, since this is a "black" bank, am I allowed to bank there? Will I be penalized and charged a higher rate because I'm white?

You forgot a fiddy cent loan