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one united is a great bank but it is tiny. its capital is less than 50 million dollars. 50 million in equity translates in to 500 million in lending power. i think that carver in new york is larger, but they are both in the same ballpark.
to put things in perspective jp morgan chase probably has more than 100 BILLION in equity alone. 1 TRILLION in lending power. the black people who founded these institutions are wonderful and have their minds in the right place ... but we are over 10% of the population. our premier bank should have at least 10 BILLION in equity. plus we have a captive audience! these banks, despite their small size, are engines of growth in the black community. they create jobs and real wealth. they are the real heros not the superficial celebrities. celebrities i.e. athletes and entertainers have their place ... but in our society their social standing far outstrips their utility to the black community.
behind the scenes though there is something insidious that is going that many people are not aware of ...
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