Might Need FB to view but here you go.....
I love this movement, but I hope we aren't naive enough to think that if black banks start receiving huge percentages of black dollars that the owners of these black banks won't sell out when banking giants take notice. Wasn't BET black owned until they become so successful that whites saw an opportunity?I'm gonna need to hear these bank owners say they're not for sale.
BET was never "black owned". Johnson got the money to start BET from John Malone with a 20% stake from the onset. By the time BET was sold to Viacom, Johnson and his wife only got 1.12 billion out of the 2.3 billion dollar stock deal. The rest belonged to other investors BET had acquired over the years who were white.









I need itNice. Did anyone else here receive that private text as well? I'm inclined to share it if many have missed it.
Sent famI need it
Sent fam
SentSame
I hate to be the downer of this thread , but I like to tell the truth.
It shouldn't take Black people unjustly being killed by white racists for them to get their asses up and practice economic empowerment with each other.
It's like Latatia Shroud's laziness to not work out. She'll go to the gym at the beginning of the year and then stop. That's how Black people are with a code of conduct.
You have to keep GOING! Don't stop!
Sent
Nice. Did anyone else here receive that private text as well? I'm inclined to share it if many have missed it.
Nice. Did anyone else here receive that private text as well? I'm inclined to share it if many have missed it.
Please send
SentPeace,
Hook me up, bruh.
I hate to be the downer of this thread , but I like to tell the truth.
It shouldn't take Black people unjustly being killed by white racists for them to get their asses up and practice economic empowerment with each other.
It's like Latatia Shroud's laziness to not work out. She'll go to the gym at the beginning of the year and then stop. That's how Black people are with a code of conduct.
You have to keep GOING! Don't stop!
Damn that didn't take long...I love this movement, but I hope we aren't naive enough to think that if black banks start receiving huge percentages of black dollars that the owners of these black banks won't sell out when banking giants take notice. Wasn't BET black owned until they become so successful that whites saw an opportunity?I'm gonna need to hear these bank owners say they're not for sale.
The question is why?Who do black banks report to? I wish we realize that everything in this country is controlled by whites, hell the world for that matter...
Way to tear the black woman down to make a positive point!I hate to be the downer of this thread , but I like to tell the truth.
It shouldn't take Black people unjustly being killed by white racists for them to get their asses up and practice economic empowerment with each other.
It's like Latatia Shroud's laziness to not work out. She'll go to the gym at the beginning of the year and then stop. That's how Black people are with a code of conduct.
You have to keep GOING! Don't stop!
Shoot it my wayNice. Did anyone else here receive that private text as well? I'm inclined to share it if many have missed it.
SentShoot it my way
No and thats the point of me asking; They control this shit because of laws benefiting them and hurting us; And thats why im saying that shit needs to change; Im not saying dont bank with black banks; but alot of us think/feel that if we do that then shit going to change or thats all we need to do...The question is why?
And so if we take this as true should we now submit and accept what we are given?
It's the 2nd stepNo and thats the point of me asking; They control this shit because of laws benefiting them and hurting us; And thats why im saying that shit needs to change; Im not saying dont bank with black banks; but alot of us think/feel that if we do that then shit going to change or thats all we need to do...
The reason for empowering black banks is not about having a place to put your money. Hell, one bank is no different from the next if all you want to do is save and write checks. The significance of a black bank is so black entrepreneurs can have access to capital. So its not as simple as just packing up your money and moving to another bank. I need black folks to stay backing other black folks for business ventures and economic infrastructure in the black community. All this selling out would be a waste of time if you're trying to build a solid foundation.Damn that didn't take long...
WHY?
When they sell out close the account and move to the next black back
#StopDistrustingYourBrothers&Sisters
And there's nothing wrong with being cautious with your money. Has nothing to do with color either. Everyone on this board that has done black business has probably been burned. So I'm not gonna just go out and write Umar Johnson a check for his school without seeing certain things in place first, I'm not running out and putting my money in a bank just because its the fad thing to do right now either. I need certain assurances. Just last month I had to file a complaint against a brother for ripping me off on some rehab work. I wanted to support a black business and keep the black dollars in our community. Now I gotta go to court in another state and fight for my $3000 back. So maybe if you're at the nickles and dimes level with your finances you can throw money at a bank that may or may not sell out to crackers in the future thus putting you right back in the white man's pocket, but I'm more discriminating with my dollars and a lot more serious about black infrastructure.Way to tear the black woman down to make a positive point!
Dammit black men! Reread the first 3 of the first 4 posts they examples of the inferiority complex the is strangling our community.
No disrespect to the posters... but FUCK we have to see how we are Shitting on our own.
If we don't value her, HOW THE FUCK can we expect her to value herself?
The reason for empowering black banks is not about having a place to put your money. Hell, one bank is no different from the next if all you want to do is save and write checks. The significance of a black bank is so black entrepreneurs can have access to capital. So its not as simple as just packing up your money and moving to another bank. I need black folks to stay backing other black folks for business ventures and economic infrastructure in the black community. All this selling out would be a waste of time if you're trying to build a solid foundation.
I hate to be the downer of this thread , but I like to tell the truth.
It shouldn't take Black people unjustly being killed by white racists for them to get their asses up and practice economic empowerment with each other.
It's like Latatia Shroud's laziness to not work out. She'll go to the gym at the beginning of the year and then stop. That's how Black people are with a code of conduct.
You have to keep GOING! Don't stop!