Monday, July 23, 2018

Splinter and "The Racist History of Banking", and the call for reparations?

Here’s a quick Facebook video, “The Racist History of Banking”, which maintains that deliberate collusion, going back to segregation and before, kept black people financially dependent and vulnerable, especially to the subprime loans and upside down mortgages before the 2008 financial crisis.

Today, black family wealth averages about 5% of white family wealth, according to the video from Splinter.

It also mentions Richard Nixon’s solution, after LBJ’s “great society”, as “black capitalism”.

But the video is quite aggressive in demanding, for example, reparations.

There is also mention of “mud people”, which is actually an art movement in Los Angeles (KCET). 

No comments: