There are 21 black owned banks in America

Apollo Creed

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Black people putting money into Black local banks will help but they still have to answer to the FED.

The biggest thing that would help Blacks is a strong banking system in Africa.

As in a new currency system? Or just putting our own coins into an African based Banking entity?
 

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As in a new currency system? Or just putting our own coins into an African based Banking entity?

Just strong banks that can manipulate currency, print money, set interest rates, lend money.

Most Africans don't even bank yet :snoop:

If Africa had strong and banks, we could use them for loans and how cacs use "swiss bank accounts"
 

Apollo Creed

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Just strong banks that can manipulate currency, print money, set interest rates, lend money.

Most Africans don't even bank yet :snoop:

If Africa had strong and banks, we could use them for loans and how cacs use "swiss bank accounts"

Yea I work in the Financial industry and see spots like Africa, the Middle East, Brazil, and a few other spots are hard to break into when it comes to the traditional banking concept so a lot of banks are trying to push the prepaid bank account concept.
 

Poitier

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Yea I work in the Financial industry and see spots like Africa, the Middle East, Brazil, and a few other spots are hard to break into when it comes to the traditional banking concept so a lot of banks are trying to push the prepaid bank account concept.

Mobile money is huge over there but they definitely need traditional banking
 

CASHAPP

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Carver is owned 75% by wall street banks, 23% by the federal government, and 2% by the share holders. Carver is essentially white owned at this point :mjcry:

I love how I saw that article the second after the person said Carver was Black owned. Talk about bad luck.

So was that the only place in NY that was Black owned? This is messed up. The CEO's explanation I can't get down with....its selling out no matter how you put it. You can't just say because of a lack of support. You gotta hold your dignity.
 

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I love how I saw that article the second after the person said Carver was Black owned. Talk about bad luck.

So was that the only place in NY that was Black owned? This is messed up. The CEO's explanation I can't get down with....its selling out no matter how you put it. You can't just say because of a lack of support. You gotta hold your dignity.

The only other option was for the bank to close its doors, so she was in a rock and a hard place it seemed.
 
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