Baltimore study shows predatory lending by major banks across nation led to massive home foreclosures and wealth theft in Black communities.

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21 thoughts on “Racially Discriminatory Lending Leads to Black Community Wealth Decline”
  1. So blame the government run banks for not lending, then blame them for lending to the same incapable borrowers. Can not have it both ways!

  2. Wells Fargo is just one company. When the societal and political norm is to cheat blacks economically, affecting one company is just the tip of the iceberg.

  3. Nonsense. I was in the real estate business during the bubble before the great recession. If one had a pulse, no matter race, creed or color, one got a mortgage. I remember at least a dozen Hispanics that had multiple social security numbers at their disposal to secure a loan and needed to complete the application in Spanish. I had black clients that couldn't prove income and still got loans.

  4. What home ownership they talking about..usa citizens don't own home they rent them from banks and after the bank is paid uncle Sam owns the house. I see 70- 90 yrs old clients can't afford house tax NO more an out the door u go

  5. King Solomon had a son named Menelik with Makeda, The Queen of Sheba. She was from Ethiopia and their son was the first Israelite Emperor of Ethiopia. Also, Moses' wife Zippora was from Ethiopia.

  6. African Americans will be defined as ADOCS in USA. When not giving up our identity for others to claim! We will get our New Deal, and it won't be from a Globalist agenda handout!

  7. Psalms 43:1 
    Judge me, O God, and plead my cause against an ungodly nation: O deliver me from the deceitful and unjust man.

  8. Institutionalized Racism. A system created to make White Folks Rich, close to being rich or living very comfortable.

    A system that saw the White man in need and in a snap created programs to make sure the White man succeeded.

    But a system that called Black men Lazy & Ignorant. Was design to keep us from having our equal share in this Country.

    Yet Obama, left a racist Housing system in place. Did he not have the power to tear down a broken racist system or could it be that he wasn't as powerful as we thought.

    There are no Kumbaya moments and never will be in regards to bigotry and the difference in skin tone.

    Think about Black Wall Street, so you won't let us by our homes in your neighborhood, send our kids to your schools, can't walk through the front door of your restaurant, can't use the same bathroom that you use, can't work at a decent job to provide for our families. Then we we build our own Black Wall Street and its profitable.

    The Government decides to burn an entire city down and murder blacks folks. Because, how dare Black people prosper.

    Equality for all is lie written on a piece of paper. Called the Constitution!

  9. The social structure of mortgage termination! First terminate white people then Coll it white flight. Then overcharge minorities to make it look like discrimination!

  10. PS, 80% of white flight is loss of employment, drug use, lose their mortgage and go homeless.
    The other 20% leave Because crime rate goes up

  11. Black America was made a contagion to wealth because de jure housing policies created White flight. Predatory lending towards ADOS had been problem since we have been allowed to have loans. It's nothing knew. Murica has some serious problems.

  12. Black wealth numbers are even worse than the data shows because they included depreciating assets like cars and furniture in that study. Black descendants of slaves have always needed a comprehensive Reparations initiative to stabilize them.

  13. American descendants of Slavery  have suffered incalculable generational damage from governmental and institutionalized racist policies and practices. The #ADOS community has a duty and a right to fight for reparations. #ADOS , #REPARATIONS

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