City, State Treasurers Take On Systemic Racism In Banking – WBEZ

Chicago Treasurer Melissa Conyears-Ervin
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Bill
5 years ago

Hmmm…

Wasn’t it subprime lending to people that could not afford to pay the mortgages back that resulted in the real estate collapse in the mid 2000’s?

chumpchange
5 years ago
Reply to  Bill

You misunderstand. They don’t care if money is repaid. Just that it gets doled out. When it doesn’t get repaid, it will be racist to have any consequences attached to it.

You gotta think like a race-baiting parasite.

debtsor
5 years ago
Reply to  Bill

It was subprime lending that consisted mainly of fraud, straight up fraud. I was involved in a lot of the aftermath of the financial collapse in Chicago and there was so much fraud. Many people in the community stole homes through fraudulent quitclaim deeds which they used to cash out refinance homes at inflated values. The people in the neighborhood literally stole anything of value that wasn’t bolted down, including home equity, from poor folks in the community. I also know of *multiple* people who earned $40,000 a year but owned 5-7 properties in the community, as they tried to… Read more »

debtsor
5 years ago

“Injustice is not just coming from police brutality, criminal justice system, but it’s also embedded in the banking system,” said Conyears-Ervin (WITHOUT EVIDENCE).

Last edited 5 years ago by debtsor
NB-Chicago
5 years ago

Where’s Seaway Bank?

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