JIM CROW "Banking"??
My Grandfather's Generation (late 1870's - late 1950's) spanned a period in the United States that stretched from the collapse of the "Freedman's Bank", in 1874, past the SCOTUS ruling to Integrate Public Schools, in 1954, Gram'pa's Generation continued the frugality of the Freed Slaves, and built businesses. http://www.blackpast.org/aah/freedmen-s-savings-and-trust-company-1865-1874
Gram'pa's sister and her husband, Dr. Bridgewater, were key players in the "Black Wall Street" phenomenon in Tulsa, Oklahoma in the 1920's. Their economic community was destroyed by a Pogram of Poor Whites, who slashed and burned and stole their assets -- you can Google it by the misnomer of "Tulsa Riots" . In Grampa's case, the white Bankers confiscated, at will, money from his Bank Accounts.
Jim Crow Banking of the sort Gram' Pa had to put up with, STILL EXISTS, and, is "shadowed" today by Shadow Banking? http://www.investopedia.com/terms/s/shadow-banking-system.asp
Throughout my lifetime, I always wondered two things: why basic money-management, such as checkbook-balancing, was rarely taught in our Public Schools; and, why Banks were allowed to TAKE money (deposits) from Poor and Non-white Citizens; yet, almost NEVER loan them a dime!!
In this Digital Age, Banks have the computing power to know exactly where equity lies inside assets held by the Poor, and Non-whites; and to engineer "Scams" like the Mortgage Loan Caper, that helped to Tank our Economy in 2008!
Then, there are the Hedge Funds, which, purportedly finance small, start-up businesses. Hedge Money grew rapidly under the Q/E strategies of our Federal Reserve System. It befitted those Whites who were Not Poor; yet, almost NO BLACKS, or, non-Whites! Arguments that these Funds benefited "Communities", instead; take advantage of the MYTH that "Black Communities" continued after "Integration" started in the 1970s!! A Community exists, only where an identifiable, viable, ECONOMY exists! You can't find many of those in the United States where Blacks and Poor People, of all colors, live!
Stay Vigilant! Data is recently available on the DIVIDE in America that is currently benefiting the Campaigns of TRUMP, RUBIO, CRUZ and the "also-rans" among Repoobs. Blacks must realize that they will NOT achieve any meaningful goals without understanding basic ECONOMICS much better than they do! Then, they have to find ways to build meaningful, and viable COMMUNITY! Blacks have over-relied on the Church! https://www.washingtonpost.com/news/the-fix/wp/2015/09/23/americas-racial-divides-are-so-deep-we-cant-even-agree-what-the-civil-war-was-about/
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