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Yea, loans are the main reason why people are encouraging banking black. A black business owner would have a less difficult time getting a loan from a black bank than say BofA or the likes, that's reality.
Exactly. And the more people (like me) constantly putting money into black banks allows them to give out more loans to people who may face unfair judgement or be subjected to predatory lending at other institutions. Everything comes full circle. Which is why everyone in this thread preaching about black-owned whatever you better have your money in a black bank before I call you a hypocrite.
But as I have just said and have been saying NT for a while... It starts with education. I've worked with inner city kids teaching them budgeting, how to write a check, steering them away from using credit cards, etc.... Twice a week during the academic year for two years. These kids are clueless. Trust me money is the last thing on their minds. Educate the kids how to start and run their own businesses. How to manage finances. How to write a business plan that wil guarantee them a solid loan with a fair interest rate. THEN they go to a bank that won't pass judgement and wants them to succeed. If they have the knowledge and at least some money to work with, they at least have a shot to become successful and pass that to the next generation. That's how you break the system, IMO.
I guess the point I'm trying to get across is that resources are available and people in and out of the black community are working towards a better future for America, collectively. The people out here actually trying to make a difference will work with anyone and they aren't making excuses. They are the total opposite of hand2handking and everything his post history has stood for on NT. Blacks should never forget their history and they should be prideful but too much of anything (even in pride) is never good. This separatist movement is for the angry and frustrated, not progressive. The conversation is important but trust me this conversation isn't being had in real life when people from different backgrounds are working together toward one financial goal.
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