Privilege is actually not being in debt. Seems we'll just keep riding the economic waves of prosperity in the stock market though until these clowns figure out that the borrower is SLAVE to the lender and all default at once in protest.
Subprime programs started catching on big starting in '04, took 3 years of sick gains until collapse. That also lines up perfect with the last year of Trump's term. Food for thought.
Another sub-prime surge? CDO's are back? We literally just went through this crap haha. Does history ever NOT repeat itself? I guess when there's high turnover in every industry, nobody cares and it just turns into a game of hot potato
Banks provide cheap capital that helps support payrolls, for instance. Sure, there are some bad actors in investment banking, but generally, a healthy and uncorrupted banking system is a requirement for a thriving economy.
Unfortunately, we are not there as the big banks are run by woke leftists I concede.
Ha. Ha. Ha. They have learned nothing so they deserve to get what's coming to them. The majority won't have the money for upkeep, so they'll fall into disrepair. I bought a home 13 years ago and I wish I had not. My job cut my hours a few years ago and I had to file bankruptcy to try and keep it. I can't afford all the upkeep. My heat and air went out but I don't have $5,000 to buy a new one, and no one will loan me any money. Been using space heaters and window air conditioners for four years now. Plumbing issues, and a need for new toilets to just mention a few things. I lost my job and can't pay my bankruptcy, so they are going to dismiss it and throw me to the wolves. I thought that by filing bankruptcy that I'd have some help and protections. I was wrong. I'd rather just try to pay my debts and get out of the house. I only had my house and medical bills when I filed, no credit cards or loans. It's a shame, but as a white widow woman in my 50s, I'm worn out.
Problem is, the govt will bail them out and reward racist business practices. Not sure where this country is heading, but it doesn't seem to ever stop going in the wrong direction
I recently closed my accounts with them as well. Supposed to be a no annual fee card, got chargfed a fee. Called, they claimed it was mistake. Removed it. Next month same thing.
What's the saying..."a fool and his money are soon parted"? I'm 'bout to get my reparations! Y'all don't mind if I take it from them, right? They aren't the government...just idiots :-)
I bank with Chase both personally and professionally.
Have been disgusted with them since hearing Fogo di Chao and other major restaurant chains were given priority with their bank for PPP loans since they were already indebted to Chase on massive outstanding loans.
I will be heading to my local branch this coming week, speaking with the branch manager (as a high volume business owner, if I don't get a meeting I'll be pulling all my money out immediately, that might get the manager's attention).
In the meeting I will present this article and ask to apply for their black and latino loan (I am 100% caucasian).
If they give any pushback, I will advise them I identify as black. If they tell me I am not black, I will tell them I suffer from a skin disorder and that they will be breaching ADA as well as the Civil Rights Act of 1964 if they deny me this loan meant only for black and latino homebuyers.
I will be recording this all on my sunglasses, which conveniently has a built-in camera and SD card.
FUCK critical race theory, if Chase fucks me over on this I will sue them into oblivion.
Where’s all that white privilege everyone keeps talking about? I guess I have to pretend to be non-white to benefit.
Privilege is actually not being in debt. Seems we'll just keep riding the economic waves of prosperity in the stock market though until these clowns figure out that the borrower is SLAVE to the lender and all default at once in protest.
Subprime programs started catching on big starting in '04, took 3 years of sick gains until collapse. That also lines up perfect with the last year of Trump's term. Food for thought.
Another sub-prime surge? CDO's are back? We literally just went through this crap haha. Does history ever NOT repeat itself? I guess when there's high turnover in every industry, nobody cares and it just turns into a game of hot potato
LOL Good luck collecting on those loans
It's not like subprime mortgage loans have any done any damage...
Yeah. Put them in debt. What the hell does A bank know about creating value? They are in the business of taking your money and getting rich.
Banks provide cheap capital that helps support payrolls, for instance. Sure, there are some bad actors in investment banking, but generally, a healthy and uncorrupted banking system is a requirement for a thriving economy.
Unfortunately, we are not there as the big banks are run by woke leftists I concede.
Ha. Ha. Ha. They have learned nothing so they deserve to get what's coming to them. The majority won't have the money for upkeep, so they'll fall into disrepair. I bought a home 13 years ago and I wish I had not. My job cut my hours a few years ago and I had to file bankruptcy to try and keep it. I can't afford all the upkeep. My heat and air went out but I don't have $5,000 to buy a new one, and no one will loan me any money. Been using space heaters and window air conditioners for four years now. Plumbing issues, and a need for new toilets to just mention a few things. I lost my job and can't pay my bankruptcy, so they are going to dismiss it and throw me to the wolves. I thought that by filing bankruptcy that I'd have some help and protections. I was wrong. I'd rather just try to pay my debts and get out of the house. I only had my house and medical bills when I filed, no credit cards or loans. It's a shame, but as a white widow woman in my 50s, I'm worn out.
Did you try refi as a jogger?
Lol. Have fun with that. Glad I’m not a customer.
Do they have the ability to pay these loans back or is that no longer a criteria?
Seems race is becoming the only criteria or qualification for anything going forward
debt slavery is a bad thing
so all anyone needs to do to get a home loan is say their latino or black? This will go about as well as that yelp plan
It really is scary. TPTB are just proceeding along w/ their heinous plans almost as if Trump is but a blip on the radar/his voters never existed.
Bank bailouts in 3, 2, 1........
FFS they're doing the exact same thing again...
I hate sequels...
Here we go again. This time I'm gonna get into cash positions if rates start getting too high. Fckv these people man.
And when they default, don’t expect a bailout.
Problem is, the govt will bail them out and reward racist business practices. Not sure where this country is heading, but it doesn't seem to ever stop going in the wrong direction
The government doesn’t have any money. Especially if we tax revolt.
that's why I closed all our business and personal accounts with them 5 years ago.
we use a based local credit union now. couldn't be happier
I recently closed my accounts with them as well. Supposed to be a no annual fee card, got chargfed a fee. Called, they claimed it was mistake. Removed it. Next month same thing.
Lets bring back indentured servitude
How to go bankrupt 101
YES! Black privilege bitches :-)
What's the saying..."a fool and his money are soon parted"? I'm 'bout to get my reparations! Y'all don't mind if I take it from them, right? They aren't the government...just idiots :-)
I bank with Chase both personally and professionally.
Have been disgusted with them since hearing Fogo di Chao and other major restaurant chains were given priority with their bank for PPP loans since they were already indebted to Chase on massive outstanding loans.
I will be heading to my local branch this coming week, speaking with the branch manager (as a high volume business owner, if I don't get a meeting I'll be pulling all my money out immediately, that might get the manager's attention).
In the meeting I will present this article and ask to apply for their black and latino loan (I am 100% caucasian).
If they give any pushback, I will advise them I identify as black. If they tell me I am not black, I will tell them I suffer from a skin disorder and that they will be breaching ADA as well as the Civil Rights Act of 1964 if they deny me this loan meant only for black and latino homebuyers.
I will be recording this all on my sunglasses, which conveniently has a built-in camera and SD card.
FUCK critical race theory, if Chase fucks me over on this I will sue them into oblivion.
Get your NINJA loan! Subprime mortgages here we GOOOOOOO!
Hell ya let's get a meth house