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Thread: California State Professor: If You Don't 'Bank Black, You Are Funding White Supremacy'

  1. #1
    INGSOC GURPS's Avatar
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    California State Professor: If You Don't 'Bank Black, You Are Funding White Supremacy'

    California State Professor: If You Don't 'Bank Black, You Are Funding White Supremacy'


    Dr. Melina Abdullah — a California State University professor who is also a founding member of Black Lives Matter (BLM) — has called on all allies to move their money to black-owned banks.

    “Wells Fargo and Citibank…they’re putting the dollars that you give them in the institutions that keep us oppressed,” Abdullah said on Saturday. “If you’re not going to bank black, you are funding white supremacy.”

    Her comments came during a Facebook Live panel sponsored by OneUnited Bank — the largest African-American-owned bank in the United States — whose partnership with Black Lives Matter has thrived throughout 2017.

    [clip]

    “We’re going to put our dollars with OneUnited because we know OneUnited is going to help us develop a reparations fund for our people,” Abdullah cited as an example. “We know OneUnited is going to help fund the movements that are going to help us get free.”

    [clip]

    The bank became the focus of a House ethics probe after receiving a $12 million bailout from the Troubled Asset Relief Program (TARP) — which was supposed to help “healthy institutions” recover from the 2008 economic crisis. As the New York Times reported, “the aid surprised some bank analysts because OneUnited was then considered to be in precarious financial shape.” One study published by NBC News concluded that the bank “was the weakest” of the more than 700 financial institutions that received TARP money.

    During the investigation, federal banking regulators discovered Rep. Maxine Waters’s husband once sat on the bank’s board of directors, which raised concerns over her family’s financial ties to the institution. The board had approved footing the bill for a lavish lifestyle for Kevin L. Cohee, OneUnited’s CEO, which included financing a Porsche, a Jaguar, a luxury condo in South Florida, and a $26,500 monthly lease for a beach house in Santa Monica, California.



    color me shocked the United ONE bank has had financial difficulties
    Never attribute to malice that which is adequately explained by stupidity.
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    “There is a deeply anti-democratic undercurrent to much of the criticism of the new president, borne aloft by an assumption that democracy is too important to be left to the voters.”

    And if a statue can oppress you, then I submit that you have greater issues. - A West.

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    Board Mommy vraiblonde's Avatar
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    *Doctor* Abdullah, *professor* at a large university....is complaining that she is oppressed. She wants some help getting "free".





    "Too much agreement kills a chat."
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  3. #3
    Anyone want to take guesses on when this outstanding establishment will be exposed and charged for banking fraud, money laundering or embezzlement?

  4. #4
    INGSOC GURPS's Avatar
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    Quote Originally Posted by vraiblonde View Post
    *Doctor* Abdullah, *professor* at a large university....is complaining that she is oppressed. She wants some help getting "free".




    Maxine Walters husband was once on the board


    hey I am all down with Americans of African Decent only doing business with Americans of African Decent if that makes them feel free and happy
    - they are only 14% of the population, of 330 million nobody's gonna miss them


    [soon to be surpassed by Hispanics - they work hard and have more money to spend]
    Never attribute to malice that which is adequately explained by stupidity.
    - Robert J. Hanlon.

    “There is a deeply anti-democratic undercurrent to much of the criticism of the new president, borne aloft by an assumption that democracy is too important to be left to the voters.”

    And if a statue can oppress you, then I submit that you have greater issues. - A West.

  5. #5
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    Nice to know California State University keeps bigots like this on staff.
    Chair of Pan-African studies at the University.

    Studied black long enough to be called Dr. or PHD, and proves that education does not trump bigotry.

  6. #6
    Awww, jeez Monello's Avatar
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    I'm always surprised when I learn that businesses in minority cities like DC are owned by Koreans or Arabs. You would think some enterprising minority would open a local business and tout that it was locally owned. Go figure. I guess it's just easier to bitch that the man is keeping you down.
    "Is Uncle Monello homeless?"

    Monello thinks he is king of the forum, now. Just keep that in mind.

  7. #7
    Awww, jeez Monello's Avatar
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    Quote Originally Posted by GURPS View Post
    [soon to be surpassed by Hispanics - they work hard and have more money to spend]
    They have already passed them by a few percentage points. Roughly 13% vs. 17%.
    "Is Uncle Monello homeless?"

    Monello thinks he is king of the forum, now. Just keep that in mind.

  8. #8
    INGSOC GURPS's Avatar
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    Quote Originally Posted by Monello View Post
    I'm always surprised when I learn that businesses in minority cities like DC are owned by Koreans or Arabs.


    Koreans or Chinese run liquor, convenience stores or food joints in some of the roughest neighborhoods in the city
    [or used to when I worked NW DC doing plumbing work in the early 90's]


    Farakahn bitched then because Asians owned stores and blacks did not back then
    Never attribute to malice that which is adequately explained by stupidity.
    - Robert J. Hanlon.

    “There is a deeply anti-democratic undercurrent to much of the criticism of the new president, borne aloft by an assumption that democracy is too important to be left to the voters.”

    And if a statue can oppress you, then I submit that you have greater issues. - A West.

  9. #9
    Board Mommy vraiblonde's Avatar
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    Quote Originally Posted by Wishbone View Post
    Anyone want to take guesses on when this outstanding establishment will be exposed and charged for banking fraud, money laundering or embezzlement?
    5...4...3...
    "Too much agreement kills a chat."
    ~Eldridge Cleaver

  10. #10
    Board Mommy vraiblonde's Avatar
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    Quote Originally Posted by GURPS View Post
    Maxine Walters husband was once on the board
    Maxine Waters is certainly oppressed and needs to be freed. Just ask her, she'll tell you.
    "Too much agreement kills a chat."
    ~Eldridge Cleaver

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