Black-owned banks and credit unions work to close the racial wealth gap

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  • Опубликовано: 2 окт 2024
  • ABC News’ Morgan Norwood reports on the history and importance of the nation’s minority depositories, with Black-owned banks and credit unions navigating concerns amid recent regional bank failures.
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    #ABCNews #prime #blackownbusiness #wealthgap #creditunion

Комментарии • 40

  • @ishamiah1619
    @ishamiah1619 Год назад +15

    BUY BLACK! INVEST IN BLACK OWNED BUSINESSES...

    • @m.k.s.7417
      @m.k.s.7417 8 месяцев назад +1

      K. Boss, A Please would be rather nice-y,
      J.K.
      -L.O.L.

  • @kaboyodaniel3630
    @kaboyodaniel3630 Год назад +13

    I just got to learn about Black wall street.

  • @kjones081
    @kjones081 Год назад +7

    This is very refreshing to see ABC News cover this. They were bold and transparent about the conditions of Black America when it comes to our financial past, present and future. It's just sad to see that this clip only had (at the time of this comment) 4.6k views while ABC news have over 14.7 million subscribers on YT. It's clear that the algorithms on media outlets such as YT, don't want this to have hardly any reach, compared to the other races and subjects that's more favorable in nature.

    • @tahyirasavanna
      @tahyirasavanna 11 месяцев назад

      Yup - its why Black entrepreneurs are being crushed with spam on Meta X and IG as well... they are trying to limit the freedom of Black wealth in 2023

  • @gisele422
    @gisele422 Год назад +12

    More stories like this please ❤

  • @spliffy_kohlab8336
    @spliffy_kohlab8336 Год назад +4

    Ok great... But 78 mil
    ...?
    Quarter bil would have been more impactful..

  • @audreydaleski1067
    @audreydaleski1067 Год назад +5

    Love it!

  • @FireWallthefts
    @FireWallthefts Год назад +2

    Why Black Americans don't get along with the country Africa

    • @yusefshakur669
      @yusefshakur669 9 месяцев назад

      The African treat us crap and we are not African

  • @IkeTurner2.0
    @IkeTurner2.0 Год назад +2

    What if black banks rid themselves of white currencies havig the meaning of versatile currencies eliminating Israel and America from Black politics and now having to recognize them as a country within a country or the means of buying the country as in land explorate or land gain???

  • @blackmaster999
    @blackmaster999 Год назад +2

    GREAT. WE NEED MORE BLACK-OWNED BANKS AND FINANCING COMPANIES.

  • @MrMaloty
    @MrMaloty Год назад +2

    💪🏾💪🏾💪🏾💪🏾💪🏾💪🏾💪🏾💪🏾

  • @SithLordPrince
    @SithLordPrince Год назад +1

    Cap. Not possible. It has never worked. All you have to do read about these same efforts during and after Reconstruction. Lets stop making excuses.

  • @bobcourtier4674
    @bobcourtier4674 Год назад +5

    In the early 90s the largest bank in Arizona, Valley Bank, had never made a black home loan.

    • @MsKeepgodfirst
      @MsKeepgodfirst Год назад +2

      Ok many did. What's your point?

    • @katrinab7657
      @katrinab7657 Год назад +1

      ​@@MsKeepgodfirstprobably just a statistic to prove that this is a real issue, not something someone dreamed up

    • @sadikmeah4057
      @sadikmeah4057 Год назад +1

      Can you blame them?

    • @CRP3252
      @CRP3252 5 месяцев назад

      ​@@sadikmeah4057it permanently happened over time so yeah, I can blame them

  • @alonzowhite4826
    @alonzowhite4826 Год назад +1

    Awesome story

  • @m.k.s.7417
    @m.k.s.7417 8 месяцев назад +1

    Happy: -"#Black History_Month"; "from:
    1 "Minority -
    comm."; to: another!!!!"!! ;) :)

  • @charlesfriscia7236
    @charlesfriscia7236 Год назад +5

    Guess you want alot more defaults on your loans...GIVING A LOAN BECAUSE OF COLOR IS INSANITY!!!!!

    • @natashaboles2223
      @natashaboles2223 Год назад

      The fact that you really don't understand that these banks are nit juat lending because of the color of your skin is INSANE! The fact that you don't understand that you can be denied a loan just because the color of your skin is INSANE! The fact that people still don't want to recognize, acknowledge institutional and systematic racism in 2023 and pretend every is unicorn and rainbows utopia is INSANE!

    • @FloTflo-ri4ui
      @FloTflo-ri4ui Год назад +14

      Not giving someone a loan based on skin color is insane! But nice racist default remark, like y’all 🤡 pay your bills!

    • @gisele422
      @gisele422 Год назад

      That statement just proves there is still a need to mitigate racism in the U.S. The fact that you don't recognize how harmful it is to stereotype an entire group of people.

    • @phobedavis7014
      @phobedavis7014 Год назад +6

      You are right. It should not be based on color. It should be based on the ability to pay back the loan. That's what most black people want.

    • @mikemoore1052
      @mikemoore1052 Год назад

      ​@FloTflo-ri4ui they can't refute the facts. Racist have been benefitting from handouts forever!

  • @epica007
    @epica007 Год назад +1

    Black privilege

    • @katrinab7657
      @katrinab7657 Год назад +3

      What??

    • @alfredbaxter1061
      @alfredbaxter1061 7 месяцев назад

      what is black privilege

    • @KLuqman01
      @KLuqman01 25 дней назад

      When Whites, Latinos, and Asians do likewise, hypocrite like you are silent. You are simply the enemy.