bambu;9204685 said:Stiff;9204623 said:bambu;9204593 said:Stiff;9204558 said:bambu;9204547 said:zzombie;9204487 said:bambu;9204455 said:zzombie;9204363 said:bambu;9204332 said:black caesar;9203109 said:bambu;9202531 said:Hold Up!!!!!
The black bank foreclosed on a church in the hood????
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Churches are not exempt from paying loans. Plus black churches have been a major problem in the black community. It's a billion dollar business, and none of that money has gone into increasing economics for black people.
No their not.....
However,
One would think that a "black bank" would would be more willing to to work with a historic black church rather than foreclose on it....
& just because you dont like the church or approve of its ability to "increase economics for black folks".......
Does not change the fact that the black church was and continues to be an integral part of the community.......
If these "black banks" are not protecting our communities then they are no different than white predatory lenders......
Banks don't exist to protect communities they are tools that are used by people in communities, if black banks did not foreclose on people who cannot hold up their part of the bargain then they would soon stop existing which would be bad for more more than just the people who fail at keeping up with their payments.
Miss me with that capitalistic bullshit.......
Then why put your money in one??????
The premise of #bankingblack is to protect communities ie. providing services to blacks that are not available or denied elsewhere.......
If they are not helping the community then what is the purpose??????
YOU put your money in a bank to protect your money and for convenience.
Banks don't help communities in the way you are thinking of "help" in other words they are not truly altruistic organizations, They don't have to be "NICE". A bank properly seeking it's interest makes profit and in the process benefits are accrued by the people/community they serve. BANKS are institutional tools not charities
MISUNDERSTANDING AND NOT GRASPING THE CAPITALISTIC SOCIETY WE LIVE IN IS THE REASON WHY WE ARE FUCKED IN THE FIRST PLACE SO I WON'T BE MISSING YOU WITH THAT CAPITALISTIC SHIT.... BLACK PEOPLE EITHER GET WITH THE PROGRAM OR DIE
Or perhaps "get with the program and still end up getting their shit repossessed or foreclosed"........
And it is 2016......
My financial institution better be "nice" to me and all of my interests or I will not do business with them.....
I did not suggest that a bank should be a charity.........
Again, why #bankblack if they cannot protect the communities that they serve?????
First they foreclose on the church & then the whole block.......
Then white folks or Asians move in......
They call it gentrification........
So you saying because the Bank is Black owned people should be able to skip out on paying back loans from it on some "we supposed to be brothers!" shit... you the worse
No, stupid nigga.....
I am suggesting that black-owned banks provide some type of services to prevent the foreclosure of historically black churches and landmarks ie. gentrification........
Ya'll niggas lost in the "American dream"......
It's not rocket science.........
You saw one flyer of a church being foreclosed by a Black owned bank and now you acting like that bank is the devil.
Do you know how far behind the church was on its payments?
Do you know if any payment arrangements were setup that the church might of fell through on?
Do you know of any possible mismanagement of church funds from members of the church's board that led to or contributed to its financial hardship?
Because from the looks of it you have literally no sides of the story...you just saw a flyer.
The facts are this:Black owned banks are more likely to extend credit in the form of business loans to Black people. This creates wealth generating opportunities for the Black community that otherwise wouldn't be provided. By depositing your money into a Black owned bank this is what you are contributing to on a small scale. You with it or nah?
The facts surrounding Charles Street AME are typical of any foreclosure.....
The fight between two prominent black Boston institutions erupted more than two years ago, when OneUnited threatened to auction off the Roxbury church because Charles Street had fallen behind on another loan. OneUnited had loaned the church $3.3 million in 2006 to build a nearby community center, and Charles Street struggled to repay the loan during the financial crisis.
But the bank continued to take a hard line, by casually raising the idea of Charles Street’s merging with another nearby African Methodist Episcopal church, or leasing back its own church space.
“That’s offensive,’’ said Charles Dale, a lawyer for the regional church of which Charles Street is a part, the First Episcopal District of Philadelphia.
Are those facts tho'?????
If these banks are not going to "create wealth generating opportunities for the Black community that otherwise wouldn't be provided"
Why bother????
SOUNDS LIKE THE BANK DID THE RIGHT THING... the bank made a suggestion that could have elevated the problem somewhat but the church got offended soooo what the fuck did they expect the bank to do???