Black Money Business Jobs : Black Banks: CEO Of Carver Bank Talks About Growing Black Financial Institutions [VIDEO]

[IFE]

The mistake being made is the focus on "black banks" as opposed to banks that happened to be owned by blacks. Blacks should focus on profits first, race second, as it relates to starting and building strong institutions. Asians and Arabs open up "mom and pop" stores in black communities. I'm 100% sure that they're not concerned about Asians and Arabs supporting them as it relates to those "mom and pop" businesses . The focus is on the profits FIRST, than on community. Strong economics(other than death) is the ultimate equalizer. The black community needs to direct it's attention on mainstream economics and not be limited to just "black business".

If blacks were to focus on creating businesses of excellence, businesses that are mainstream focused and businesses that focus on profits as opposed to getting support from blacks "just because", opportunities will be far and wide.

Excellence cannot be denied. It's bad for capitalism. Look at the NBA. The best players(Excellence) are black. Had the NBA never allowed blacks to play, the NBA would not be the NBA it is today, all of which is VERY profitable. Simply not allowing the best of the best to play, is bad for business(economic death). Excellence will NEVER be denied. The cream rises to the top!

Focus on Excellence, not on race. We are not victims.

​

[/QUOTE]

The video, from how I interpreted, was not talking about race specifically. There is a focuse on Black owed banks in Black communities. The "race of investors and customers is not mentioned in the video.

The video, again, my interpretation, the focuse was directly on profit and capital of Black owned banks. IMO, to say Black owned banks does not imply that customers of that bank will be of one "race". Banks in Black communities will be more accessible to Blacks and bring economic growth to our communities. Like any mainstream bank, Black owned banks welcome investors and customers of all races.

 

[Monetary]

In order for Black-owned banks to survive, we need to increase deposits (personal and business) and invest in these banks. This will enable the bank to provide loans (business, educational, personal, etc) to its customers in the Black community. Everyone should obtain additional income via investment options at these Black banks, not just income from working a job. This process will feed upon itself, thereby, making Black banks grow as the Black community grows.


peace