Billions Stolen From Black Families by Predatory Lending


Welcome to The Real News Network. I’m Marc Steiner. It’s great to have you all with us. As many of you know, we broadcast from Baltimore,
Maryland. One of our most heinous legacies is that this
is a city that gave birth to what is known as redlining— intentionally and legally
segregating neighborhoods and steering African Americans to buy homes in those neighborhoods
at exorbitant prices through lending contracts, not federally secure mortgages, so you could
never really own the home. You’ll be in debt forever and can’t create
wealth, though it created wealth in the white world and increased poverty in the black world. A group of researchers at the Samuel Dubois
Cooke Center for Social Equity produced a report about redlining and the seriousness
of its consequences. The report’s entitled The Plunder of Black
Wealth in Chicago: New Findings on The Lasting Toll of Predatory Housing Contracts. It not only tells the history but details
its consequences and its financial toll. It’s part and parcel of the underpinning
for many of the arguments on reparations and I hope this is just the beginning of our conversations
about this report and similar things in the coming months. The study was brought to our attention by
our guest today, Bill Black, who is Associate Professor of Economics and Law at the University
of Missouri Kansas City, white-collar criminologist, former financial regulator, author of The
Best Way to Rob A Bank is to Own One, and, of course, a regular contributor here at The
Real News. Bill, welcome back. Good to have you with us, as always. Thank you. So this report is pretty stunning— both
in terms of history, which I think I’m going to give more details to the history that maybe
some of us knew because of their research, but I think the real importance of this work
is to show its consequences. Talk about this because this happens across
the country. I always feel there’s a synergy between
Baltimore and Chicago— one’s large, one’s small, but have a really similar history. So go to the heart of why you thought this
is such an important report. Yeah. So this is important in essentially every
metropolitan area that had any meaningful black population. Redlining may have begun in Baltimore, but
it was a nationwide phenomenon. It was introduced by the US government. It gets its name because literally they would
draw with a red pen on a map and not loan, or not provide a federal mortgage protection
to any mortgages issued in that portion of the city. What it was particularly aimed at was not
neighborhoods that were already majority or almost exclusively black, but any change from
an area that used to be overwhelmingly white to an area that was desegregated. The theory of this was, oh my god, prices
will collapse because of white racism. If somebody who is black moves into the neighborhood
and we, the federal government, are guaranteeing the lenders against losses, the lenders will
suffer significant losses, they’ll pass them on to us. And so, you know, we don’t have anything
against blacks. We just don’t want to lose money, and we
realize that many whites are racist, so this is how we’re going to protect ourselves. But the reality is that this is in many ways,
when you look at the history of this, this was really a conspiracy in many ways involving
the Federal Reserve, involving the federal government, involving people who sold real
estate, and, you know, they did hate black people. I mean, they really disliked black folks and
that was pretty clear to me that these were not do-gooders trying to help the world, and
they were— [laughs]. Right? [laughs] In fairness, they never claimed to
be do-gooders to protect the world, but yes, there’s a very good book, a little dated
now— American Apartheid. Yes. It is filled with this history and a number
of the consequences, but this study says, okay, what kind of predation occurred taking
advantage of this redlining. All right. And economists are finally starting to take
predation seriously. Predation is where you do something that is
incredibly slimy, but you have the political juice that it’s never defined as criminal. All right. Predation in this sphere is not something
that is less nasty than a crime, it’s more nasty. It’s both the actions that are substantively
equivalent to crimes, and the political juice to be able to do it with absolute impunity. This is an area where in Chicago—The reason
this article and this study exists is because blacks fought back, and they fought back twice
with lawsuits. Now, they lost, but they, in the course of
creating those lawsuits, they created what is now a database that researchers could go
and see what happened to the people who were subjected to these land contracts. What’s a land contract? All right. It isn’t that you will never own, it’s
that you are very unlikely to ever own, and you will also pay enormously more. Here is first the economics and then, how
it fits with the law. The economics were that when blacks would
first move into a neighborhood that was overwhelmingly white because of white racism and white flight,
housing prices would fall sharply, but that was a very short-term phenomenon. Over any medium to long-term, prices typically
recovered, but that meant that sleazy developers could buy up homes and they would go in and
they would stir up white racism and fear. Oh, your property values are going to collapse. Let us buy your home now while you can still
get 70 cents on the dollar and many, many white householders would sell. They would, these sleazy developers that were
called blockbusters in my day, would be able to buy the properties at maybe 50 to 70 cents
on the dollar. They would then turn around, because it was
more difficult because of all this redlining for blacks to be able to get homes in areas
they preferred, and be able to charge a premium price. All right. The increase in home prices over what they
purchased was often in the magnitude of 80 percent. In other words, these guys are basically flipping
houses, right, with a huge margin. On top of that, because you couldn’t get
the FHA insurance— that’s what we’ve been talking about— you would not make a
conventional sale of the home to the black family. You would make this contract of sale and that
contract of sale was really pernicious. In addition to being massively overpriced,
the typical contract said, if you miss any payment, you lose everything. You don’t build up equity as you make your
monthly payments. It’s just a contract. So unless and until you pay every single one,
and you never have a single month where you can’t pay because, you know, you had to
repair the car or the kids had an emergency visit to the hospital, and so you’re late
paying. Boom. Your entire equity could be gone in the home,
so this is just absolutely, quintessential predation. It was massively profitable for the real estate
developers. The real estate developers were almost exclusively
white. And so, this was a direct transfer from black
people to white people and it was done in an utterly outrageous fashion. Even when blacks fought back, organized leagues
against this, brought civil suits, they lost those civil suits in the courts because there
was no effective justice for predation. That, by the way, is why Elizabeth Warren
tried to create the Consumer Financial Protection Bureau— to finally have some kind of body
that would protect us against predatory finance. You can see that became an absolute top priority
of the Trump administration to destroy. No accidents there either and I think that
if you look at the map that’s in this report, I mean, literally these red zones were hazardous
areas. They put them where they did not want people
to move to— white people to move to— and where they saw the investments happening. I mean, literally, when you look at the maps,
you see how they divided up the city. One of the really interesting things—
And the cities are divided up even today along lines that are very recognizable from the
maps of literally 70 years ago. Yes. And that’s why these kinds of historic roots
are important. There’s this one graph in there which says
a great deal, this graph that was in the document about where the wealth is now. So, I mean, one of the things that’s referred
to in this report is this really interesting graph from the part of the report that talks
about how much money was lost in the black community. They’re talking about three to four billion
dollars. If you look at this graph here, that they
called this as average race tax, sixty thousand odd homes that— and you can explain what
all this means— but we’re talking about over $4 billion-worth of wealth that’s lost
by the black world. This is, I mean, we’re talking about this
now in the midst of these reparations discussions going on in Washington DC that Real News is
also covering. I mean, what we haven’t seen before is a
report that actually details what that cost has been to the black world. Right. And it wasn’t lost. Of course, it was taken. Taken. Exactly, stolen. Exactly, right. Right. [laughs] It was taken by white people. It was reverse reparations. So, yes. Again, there are two big things happening. One, is that they are selling the homes to
blacks at inflated prices. And two, they’re selling the homes in a
manner where you often didn’t actually end up with a home and often paid what should
have been huge amounts of equity into the home and lost all of it. If you combine those two flows—And remember,
we’re just talking about one city, albeit a large city with a large black population,
but also only a portion where we actually knew the names to be able to study them because
of this lawsuit. The actual losses, even in Chicago, are dramatically
larger than the 4 billion and the losses nationwide to the black community— meaning, again,
it’s not like you just lose the money in a rathole; it’s going to rats who happened
to be white— is going to be vastly larger than that of some partial sum for Chicago. And one of the things that is really important
that you also said earlier on was that, you know, people think often that there is no
agency in communes of color and black communities for the fight back in the past, when there
always has been. This report also outlines groups that actually
took this on and fought it. It wasn’t just—People were aware of it,
but as you said, a lot of this was lost over the years. The facts were lost, and we really had to
unearth this stuff because it was very difficult to find the proof to it. It just was not readily available. Right and the fightback was at times when
their actions were incredibly unpopular, where they faced a judiciary that was pretty close
to 100 percent white. Where even getting lawyers to be able to bring
the actions was difficult. Where you faced immense hostility not just
from the judiciary and of course the business community, but also from the serious people
in the newspapers and such. So this was one of the absolute great scandals
and, as I said, it absolutely has been determinative of much of what you see today in the modern
urban landscape in the United States in terms of housing. Finally, I’m just curious, you know, as
somebody who’s spent a lot of time inside of government and you know the workings of
government very well. I wonder what you think this portends in terms
of all these things coming to light? You know, the term “reparations” is not
popular in much of the white world in this country. It’s really misunderstood, and people are
still trying to wrestle with what the definition of that means. I’m curious what you think this sets up,
I mean, when you’re talking about billions of dollars in wealth stolen, and the conditions
that so many people live in the poorest parts of the black community in the inner cities
of America, what do you think this allows us to do? What do we do with this information? Well, first, we combine it with other information. This is a very important part but remember,
it’s part. So there are also studies by the Federal Reserve
Bank of St. Louis, a very conservative group of economists, that finds that black and Hispanic
households, where at least one member of the household had at least a two-year associate
degree, on average during the peak of the great financial crisis— that 10 year-ish
period— lost 80 percent of their wealth. Now, the comparable figure for whites is under
30 percent. There has been a catastrophic loss of black
wealth, again, through systematic predation. We actually have, in a number of cases, the
business plans on how they deliberately targeted not just blacks, but blacks, Latinos, and
in particular, elderly black women for these kinds of predatory lending scandals that led
to the great financial crisis. There’s another study that just came out
the day we’re filming this that says, you know, if you look 10 years after someone starts
their college studies, the average student will have paid off 60 percent of their debt. Right. So they’ll only have 40 percent of their
debt left. [laughs] You know, so this is of course absurd,
scandalous, crazy, and self-destructive. But on top of that, the comparable figure
for black women is that they are a further 12 percent in debt than when they started
with these loans. Instead of saying, oh, you know, 100 cents
on the dollar, they owe 112 cents on the dollar for whatever the original amount that they
borrowed. What does that mean? That means that many of these educational
experiences, particularly for blacks, particularly for blacks and Latinos, are in these for-profit
schools. Well, these for-profit schools are immensely
predatory, and they aim at minorities and they are front-to-back frauds in many cases. They leave you poorly-prepared for getting
that job. They have terrible reputations for trying
to get a job. After you do everything right— you scrimp,
you save, you work all night. Now, you know, you work all day at a paying
job, then you work at night to get your degree, and then, you know, you get married like they
tell you to do, and then you buy a home like they tell you to do, right? This is the responsible thing to do. You know, have good, white, middle-class values
and all that stuff. It’s precisely those folks that are getting
it in the neck in the black community the most. Well, this, I hope, is just the beginning
of this conversation in depth over the coming months. It’s really important and I’m really glad
you brought this report to our attention. Bill, it’s always great to talk with you
and I appreciate you being with us all the time, Bill Black. Thank you. And I’m Marc Steiner here for The Real News
Network. Thank you all for joining us. We’ll continue this. Take care.

100 comments on “Billions Stolen From Black Families by Predatory Lending”

  1. sativa shiva says:

    This is not real news #propiganda #bias #tyler #fakenews #racist #sirisys #indra #Q #msm

  2. alyne Groovin oldskool 70's says:

    Blacks are the most sharing and free spirited People on earth..Now the chinese, doninicans and Latinos are robbing the blacks.We own no neighborhood stores, Barba shops, beauty shop or restaurants…When does it stop..Now Illegals Immigrants floods Our schools, connunities. And housing…Very sad…

  3. Marsha Perez says:

    It's happening to all races. It's a monopoly board for all to live on with the exception of the elite and financial predatory lenders.
    If they can divide everyone by politically and racially dividing them…, then…, they can conquer all. Think about how long this has been going on. It's them hurting all people any way they can do so. If people knew the real truth behind the scenes they would weep for days on end. One day all truth will be shown. The Great White Throne Judgement Day is just up the road ahead for all involved in deception and corruption.

  4. Sun Kem says:

    This is what you call compounded theft, stealing from a stolen people.

  5. Ronzo Campbell says:

    Not just with homes, you must include auto loans, payday loans. Boy its obvious to see who is hated the most, because God loved us the most.

  6. Suziebeee says:

    Watch "Jim Crow of the North – Full-Length Documentary" on YouTube to learn about the precursor to redlining. If you were benefiting from the system, why would you recognize what was going on of care about "the other"?

  7. Angela Ray says:

    Devils/crooks doing what they do best!!

  8. CHARITY HECH says:

    Redlining also took place in the rental market all across this country even today. If they made Billions off the housing market just imagine how many Billions they made from rental properties.

  9. Dolce Yah says:

    Now tell the WHOLE story, "TRUE" news: those WHITE ppl were JEWS, not just any white ppl. The demons who ran the transatlantic slave trade. The demons who are the DEMON CRAT party; Jim Crow & kkk.
    The same demons who own & run the Federal Reserve. The demons who parade as the chosen ones. The ones who got control of the entire world & think they are God.

  10. Dolce Yah says:

    The whole reparations dangling carrot is to re-gain & keep the Black vote for the party/ppl who got us & KEEP us in poverty & debt to begin with.

  11. smizzledaGod says:

    Let this truth be the freeing of the mind..B 1

  12. intimaterevolution says:

    4billion dollars….and then add generational loss and inflation to that….that money loss translated into not getting access to schools and jobs and building of schools or infrastructure. This is where you start multiplying and increasing, the debt owed to the black community, exponentially.

  13. Victor Palmer says:

    We are prisoners of war.

    Slavery never ended.

  14. Victor Palmer says:

    It is the system of white supremacy, which is global.

    Each prison region, that are labeled countries, which are real economic realities, carved up from the defeat of our ancestors. Yes, the war continues, but we have lost many battles.

    We have never surrendered, so the the true world war continues, is between those believe in racism, and those do not believe in racism, so the true world war still continues. Each prison like locations whether it be a region of the world called the United State of America and or any other region of the world where non-white people are housed in prison complexes, that are really concentration camps that appears as ghettos is just another plantations within a prison yards. Houses and Apartments that are really prison complexes.

    Nothing has changed, it is just packaged differently.

    There is also no such thing called black racism.

    There is only one racism.

    Racism is not about hate.

    It is about the power to tell people what to do, and the people who are doing the telling can make black people and forced black people do anything and the black peoples can’t make the white people do anything. It is a power relations.

  15. Victor Palmer says:

    Disclaimer:

    The ideas that I am discussing are not mine, but I use these ideas of Mr. Neely Fuller Junior to generate discussions about people relations on racial lines in the people activities areas of politics, labour, education, economics, religion, entertainment, law, sex, and counter war.

    “If you don’t understand White Supremacy (Racism) – what it is, and how it works – everything else that you understand will only confuse you.”
    Neely Fuller Junior ©1971

    That was an excerpt from the author’s book Mr. Neely Fuller Junior.

    The United Independent Compensatory Code / System / Concept.

    A Compensatory Counter Racist Code
     Revised / Expanded Edition
    A Textbook/ Workbook For Thought, Speech and Action For Victims of White Supremacy (Racism). 
    Neely Fuller Junior ©2016

    www.producejustice.com

  16. Clifton Savoy says:

    Deuteronomy 28:48 GOD called them our enemies and said we would have to go to them in want of all things food shelter clothes etc Deuteronomy 28:68 GOD said we shall go into Egypt again aka bondage Slavery on ships and be sold for slave men and slave women and no one will redeem us christ is our redeemer luke 1:68-71 says christ will return and save us from our enemies and from the hand of all that hate us…we have to read the bible we are the Israelites being killed and oppressed by them that hate us

  17. Nashea Everhart says:

    One word: REPARATIONS

  18. BIGG MIXX says:

    Great piece of work that blacks NEED 2 hear. Dr. Claude Anderson has been saying this for yrs.

  19. Hollywood Runna says:

    MAKES ME SICK TO MY STOMACH. DAMN TRASH

  20. Cozy Cool says:

    RACIST WHITES = AMERICAN APARTHEID , AND WILL HAVE TO PAY $22 TRILLION IN REPARATIONS …SO GET READY !

  21. Cozy Cool says:

    ADOS MEMBER TALKING : " REPARATIONS NOW REPARATIONS THEN AND REPARATIONS FOREVER 🇺🇸 !

  22. LEVI ISRAEL says:

    JUDGEMENT, is coming before REPARATIONS; brothers and sisters; 2021; will see the "SIGN OF JONAH"; an X running throughout AMERICA, from NORTH to SOUTH; from EAST to WEST; this "sign of JONAH "; was the same SIGN; that astronomers said ran throughout NINEVEH, some 3,ooo yrs, ago; to warn them of coming JUDGEMENT;
    STAY STRONG, brothers and sisters your REDEMPTION DRAWETH NIGH!!!!!!

  23. LEVI ISRAEL says:

    2017; the SIGN, of the "WOMAN", about to give birth to a CHILD, with the MOON underneath her FEET, was seen in the SKIES; THE STARS, are speaking for us ; ISRAELITES; keep WATCHING; and praying!!!!!!!!

  24. Irene Ratliff says:

    Posting on the title

    My thought during the time that the housing market bloomed with Bush in office allowing many people to purchase property. … the thing is, when the housing bloomed burst, people also lost employment … the view of the car industry … there was more than one thing going on.

    Not only that, there was also a war on drugs, so neighborhoods were under-seized … the effect of what happened with addiction and lifestyles … for some did not bounce forward. The unveiling uncover of unemployment and veterans and needless to say to constraint of family breadwinners to sustain a two income household.

  25. Irene Ratliff says:

    If we look at the housing bubble and the area of concentration from areas that was effected from predatory lending; do we see corporatefication? Were the areas redeveloped? What about property taxes in some of those areas, did it increase?

  26. Irene Ratliff says:

    Maybe we need to learn; do you think the stories should be on the success of them who won during the time of predatory lending? Do we have success stories of people who benefited from the lending process oppose to the failures and act of segregation?

  27. Lucas Young says:

    Jail or the grave the American debt and every nation due unto : Jubile Yehoodah Ben Yamin (blacks) we have a Nation and Name we have Law's Statutes and Judgements

  28. Carin SpottedEagle says:

    Experts in looking the other way when you speak in past tense when it's still going on TODAY! White privilege suggest the poorest white benefits greater than the most affluent Black man or woman. Insurance rates, Medicines prescribing/cost, RE, Banking, christian churches, law enforcement, the court and it's bench…

  29. K Moore says:

    This is why we ask black people have to get an understanding. We must find a love for reading and education. They people that does this only plan on the ignorance and the lust of the black people. The Scriptures says with all of our getting get understanding. We must get an understanding of money and the economics system and avoid the lust of the flesh. God bless you all.

  30. Anna Fisher says:

    One love 💖💛💚

  31. Jerry jeetah says:

    To hell with reparations , war time

  32. Larry Love says:

    Reparations Is A Tricky Sad Fake Promise For 2020 Black Vote.
    Obama (A Black Man) was in office 8 years…..Did he even mention reparations?
    He said "Im not the President of Black people, I'm President of all citizens" He then dropped an executive orders for those undocumented kids whowere sent alone without adults and then he changed laws for same sex marriage.
    We keep falling for the same okey doke at times directed by Other Black people especially democrats…
    to much to type further…
    Love , L

  33. A. R. says:

    TMH sees all, and remember all the drugs they flooded the cities with to keep POC low smh.. VENGEANCE BELONGS TO YAH…

  34. Michelle Moore says:

    Hello I appreciate you bringing this to light really, the laughter is turning me off. I will this to everyone on facebook and messenger. Thank you

  35. Chantell Champange says:

    That isn' t funny! Mr.! Laughing! Wht are talking about a matter other than what you are speaking about stick to your –!

  36. Chantell Champange says:

    Never t thrust anyone!! This is how our families are still be treated in America nothing is fair lawsuits, jobs, education they are always stealing from our children and families; it's actually evil!!, and he keep laughing because of his evil mind!! This is real! People!! Stop belie those people whom HATE! YOU!! NOTHING!! WILL EVER! CHo! WE ARE A HATED PEOPLE!! KNOW. ONE CAN EVER! TELL ME AM WRONG! I HAVE BEEN CHEATED! WHEN ME AND CHILDREN HAD NOTHING!! THIS IS A EVIL WORLD WITH EVIL PEOPLE HUMANS!! I DON'T TRUST ANYONE ! NOW! WHY KEEP ON TREATING A PEOPLE LIKE THIS IS TRULY EVIL!!

  37. Andrew Alex says:

    And so it continues….
    The heinous hate.
    When will white supremacy which alters, corrupts, manipulates, murders, changed history be exposed as the supreme terrorism of the Americas.

  38. Louée Kaba says:

    Thank you for confirming my deductions based on our experiences.

  39. Louée Kaba says:

    Question: how can a thief be allowed as a regulator and judge over his victims?

  40. Ramona Henegan says:

    What they do to the children of YAH will return to them magnified 1000 times. LOVE YAH.

  41. JamericanDC1 says:

    Such wickedness, nothing and I mean nothing compares to the amount of evil whites have and still do to the world!!!

  42. Brian McNeil says:

    #Great info! 😄

  43. roderick shepard says:

    DRD’S. Thank u for Being Honest.

  44. roderick shepard says:

    That’s why it’s called a Con. Tract! Con, key word

  45. alberta reeve says:

    My grandparents parents had acres of land and took it from them thru some changed laws and other BS paperwork fraud created in the system to do it and burned the evidence revised some more LIES to get away with it. Blacks talking about reparations? Ask for your PPL LAND BACK! as descendants of the last owner THATS NOT WHITE! obviously they never had it in the 1st place without AMBUSH

  46. J Z says:

    BLACK PEOPLE ARE THE MOST HATED PEOPLE ON THE FACE OF THE EARTH THEY HAVE BEEN KIDNAP MISTREATED BEATEN OVERWORKED LYNCH BURNED DROWNED WHIPPED STARVED CHEATED DISCRIMINATED AGAINST AND THE LIST GO ON AND ON AND MOST OF THESE THINGS ARE STILL HAPPENING TODAY!!! A LOT OF PSYCHOLOGICAL TRAUMA CAME FROM THE THINGS PASSED ON TO CHILDREN TO CHILDREN TO CHILDREN NEVER HEALED AND BEING BORN INTO POVERTY THINKING THIS IS THE WAY THAT IT'S SUPPOSED TO BE THAT THIS IS NORMAL IT'S NOT!!!!!

  47. keepitreal TRUTH says:

    YAH IS COMING…

  48. Tracey Tee says:

    I'm over this! All those that participated in the demise of brown skin people will never face their truth. Just like pharoah they will fight us until the end and never want to experience what they and their families members have put others through. EVERY NATION! God is coming back for revenge you will pay for all of you wrong doing even until this day!!! I feel sorry for you that your heart never allowed you to do something good! COLD HEARTED

  49. Fanta Graham says:

    And this is the progressive agenda of the left. Same with the student loans. The robber barons R back and in charge. Damn them all. They destroyed America. this is soo demoralizing

  50. Sunny B Sunny says:

    It is a start.

  51. Dondada Fosho says:

    We waiting for reparations like Jesus Christ, Y'all negros need to wake TF up, that check is an allegory as well

  52. Farhiya A says:

    Predatory practices was in homes, cars, for profit student loans, debtors
    prisons. Pay day loans.

    These financial fraudsters originally targeted black, now anyone poor is an easy target.

    What happened to the middle class…over taxed and heavily in debt.

  53. Dija Ouija says:

    This is why I scoffed at the biracial rapper who criticized a black-run music festival in Chicago who gave out discounts to people of color and sold tickets to whites at regular price. Blacks have faced so many economic setbacks and restrictions by racists that have affected us for generations in the form of lack of generational wealth and property, and lack of black owned businesses. We’re literally playing catch up and people can’t understand that, and cry reverse racism when we grant our own community financial relief. We really need to unite and those who don’t understand our history and our mission for equity need to be seen as against us and treated as such.

  54. jeremy bryant says:

    Bill black go figure tell it black

  55. John Foster says:

    Black people have to much religion and God with very little real results that benefits the black community.

  56. Dragon says:

    No black people go they money back from Black Wall street .

  57. Yessayana Hartfield says:

    This is why Yahawah hates Esau! Esau is the wicked. You damn Edomites. I pray God save Israel. The Hebrew Israelites; the Twelve Tribes of Israel. It's not funny. It breaks my heart. I understand we are in this position for breaking our God. Yahawah's commandments and serving Babylons God and drinking her wine. Yahawahshi is returning and truth and judgement shall prevail. I will never be jealous of you thieves. Remember the Esau's and Edomites who remember us Lord. Oh yeah! Thank you for this sic story. It just proves why Esaus and all you nations should be ANNIHILATED. Thank you Yahawah in the name of Yahawahshi for every hurricane, tornado, flood and fire that destroy there communities and home.

  58. Red Alert says:

    White America robbed every single black wall Street of their wealth in the 1920s. I got 1 word for you.. REPARATIONS.

  59. Mark S Malone Sr says:

    This is news to the white population but to African American community this old news. We have been complaining about this for decades.

  60. donna mcgowan says:

    Yeah okay so what about all the poor Irish immigrants that came over here and built all the bridges and all the roads and went to went to war and died and never came back oh yeah let me not forget the Civil War I can't even get citizenship in Canada because my grandfather. fought some kind of crazy war in Canada

  61. donna mcgowan says:

    Oh yeah pres let's get some of the facts straight okay 1600 you took half of a white Irish and you took you took black black African men and you mix them okay so that's why the color of Africans are lighter in color because they are half Irish have half Irish in them. Duh yeah and the people that hated him were the Italians a girlfriend of mine trying to bring a black guy up to her apartment the owner of the house was going to burn the house down

  62. donna mcgowan says:

    So you mean to tell me that the blacks AR e that stupid that they couldn't have got their real estate license and they couldn't have become a stockbroker and they couldn't have owned a real estate office is that what you're trying to say that they were in debt and they were two stupid that they needed the help of the white person are we not living in 2019 but you have black lawyers duh

  63. donna mcgowan says:

    Yeah well all the African black African men that raped Irish white women I'm sure they didn't all go willingly and who was behind all that where AR e their reparations

  64. candowithoutthedrama says:

    Samething is happening in the auto industry and the loan industry. Blacks pay 3 times more for a vehicle than whites do.

  65. Righteous 101 says:

    Recompense NOW!!!

  66. Righteous 101 says:

    All that was stolen will come to nothing very very soon. Praise The Most High – God of Israel. Sobeit

  67. Righteous 101 says:

    Thank you both for covering this story.

  68. Gail Becker says:

    White Predators vs White Supremacists:

    Many years ago, when I decided to teach about Blockbusting, Gerrymandering, Redlining, etc., and how they can adversely affect Black votes too, my colleagues and fellow teachers admonished against it. Because I was so young when I started teaching, they were afraid I would lose my job for deviating from the textbooks. I did not care about losing my job; I had several other projects that paid far more money than teaching. First, I did not decide to teach to make money, I knew teachers don't make enough money. I made the decision to teach when I was really young because we were not taught about what was happening to Black people in our schools back then, we were taught that in our Black churches and at home.

    Back then our clergymen, parents, grandparents, aunts, and uncles were Civil Rights activists and they taught us Black History which consisted of the beginning of slavery to current events. They told us to keep journals, write everything down, and keep our mouths shut in school because they were killing Black people who talked about it and also white people who helped Black people. Everything I learned as a child from them and my family, I saw happening in the news, on television, in photos, and believe it or not, white people (turned activists) were talking about it.

    They also had cameras and film recorders too, but as Black people, we were told not to respond to what white people told us. We were told to just let them talk and play ignorant because during that time we did not know who to trust. Trust me, we also learned that there were Black people we could not trust as well: Jessie Jackson, Rev. Billy Kyles, and Al Sharpton were some names mentioned of untrustworthy so-called Civil Rights activists. They were referred to as planted informants who betrayed Dr. King which is also why when Jackson announced his candidacy for president the majority of Black people did not vote for him and most Black people cannot stand Al Sharpton either.

    Nevertheless, after I grew up and graduated from college, I decided that it was time to teach the truth because the textbooks still did not have the truth in them. I am so glad I made the decision to teach about the real Black History without fear of getting terminated. I knew people would not like it and I was prepared to start my own school if my contract was not renewed which was the only way teachers were terminated, apropos. However, what shocked me was when administrators and even principals would sit in my class and some parents would schedule meetings with me about what I was teaching because their kids were talking about it at home.

    I feel that the only reason white people, who were not Civil Rights activists or the progeny of Civil Rights activists, started publicly talking and writing about it is to capitalize on it. Black people are no longer keeping these secrets and many of us have evidence of what happened. I tell my students never throw out old books, pamphlets, maps, diaries, journals, documents, or papers that are left behind by their elders. Moreover, I tell them to shop at garage sales and buy old artifacts, trinkets, clothes, and books because they all tell stories and some trinkets were stolen from slaves. A plethora of them did, so I teach them to check the labels and pockets of old clothes, have the trinkets appraised, then I teach them how to properly research the information and write those stories.

  69. Tawana Luster says:

    They think because they exposing each other now it's going to make a difference these guys are up in age they should have told this 20 years ago talking about it now only makes it worst what are we suppose to do with this information now old as they are they should have taken this to their graves

  70. Faye Parker says:

    I totally agree that there is nothing new under the sun. They will do whatever they do until their time is up!!

  71. Henry Baker says:

    This entire section of videos needs to be dumped into the current political contests in order to dump every single repug in Washington including Donald Trump!

  72. Afro Thunder says:

    I will always hate Pink People. Pure devils

  73. Natlie Nixon says:

    Lol it still going on today so this is nothing from cars to schools to homes blacks still are getting different prices on all that shit till this day.

  74. Natlie Nixon says:

    Lol look who comes here to the USA an look what they get funding for stores that are opened up in low income places and over charge them on top of the bullshit they go through as blacks and none blacks that live in low income areas.

  75. T T says:

    This historic behavior by whites are due to fear and hatred. Fear because they know if we were on an even playing field, we would wipe the streets in excelling with their asses, which is why they hate us.

  76. Cameron Holt says:

    Blacks are always claiming something was stole or their owed something… Smh…

  77. Della McGhee says:

    This really p×××× me off. They are a masses od DAMNED! BASTARDS!!! Just simply no good ans allnthoae that did nothing to make it right, because; they were enjoying all the privileges and everything from the broken backs, spirits and and whole Nations from ever recoverying. They never have pulled themselvea up by their boot straps…because they didn't have any boots…that is until we made it possible through slavery. Long story short…everything they have prospered from is so called; black stolen wealth and spoils from our Ancestors, and their seeds /siblings. They owe us their lives….and restoration of the murderings, killings, all stolen lives and spoils periods. Esua Edom Khzarisns heathens and all the other nations has destroyed us. I pray righteous curses on them for recompense upon all their heads. Halleluyah!

  78. Monarnyc R says:

    Thank you for posting

  79. Divine Lava Goddess says:

    This is not only happening in predatory lending but in employment we work like slaves still. And we still never get paid for what the white race is paid. In every avenue of life we are oppressed to some degree. Slavery never ended. It just restructured the way slavery operates.

  80. Erica Stafford says:

    Great report. Thanks for sharing. Will there be a follow up to this report that offers and speaks to corrective actions to be recommended and implemented? Will Dr. Claud Anderson be invited into the discussion?

  81. Jo Ann Boyd says:

    That's not the only way they have stolen from us

  82. Dark Prince says:

    63 people hate the Truth.

  83. Timothy Braden says:

    Everybody check out Dane Callaway's documentary on reparations and ADOS, this brother is on point

  84. Wellness Gal says:

    Add UK companies exporting asbestos (known carcinogen banned in Europe) to African nations.
    Add UK betting companies aggressively targeting West African children, turning them to gamblers…..

  85. Zions Daughter says:

    The constant and perpetual raping and robbing of Israelites!! Smh. What’s done o. The dark is surely coming to light now.

  86. Roy Desmangles says:

    Predation – good work gentlemen!

  87. Joe Smith says:

    And these same whites dudes literally just laugh out loud when taking about & admitting of white & black racist conspiracy here in amurica?! Now that's really fucked up?

  88. Yehudah Yisrael says:

    All you heathens are financial predators, thieves, vagabonds and murderers.

  89. AccentYouLovingheart says:

    The government? This is so low down and dirty. How do those people live with themselves? Their conscience must be in the freezer minus 200 degrees. Truly a SAD state of affairs.

  90. Taylor sara says:

    We are NOT African Americans! We were already here…

  91. Quelea Mission says:

    Bruh Reparations for Slavery ARE NOT different than other reparations. Stop perpetuating your subtle Bigotry.

  92. Quelea Mission says:

    "Getting it in the neck", By Bill Black and the host hopes this is just the beginning…SMDH.

  93. Adrianna Valdez says:

    beware of bi monthly pest control coming in, for low income neighborhood apatments

  94. LynPisces ChiTown says:

    Exactly why students loans for all Blacks should be eliminated and given free college tuition in the future!

  95. Carl Willis says:

    Go to care2 petitions American Indians under Nations if you want God's forgiveness.

  96. Leslie Williams says:

    Thankfully I was a victim of predatory lenders but was successful in earning/receiving money to pay off mortgage entirely … I will help others because it was a grueling process. Love & light 😊🌈💜

  97. Michael Robinson says:

    As they say" There gose the neighborhood"! Now I know what it means. Mic'19 ADOS get involved

  98. miskittt says:

    They keep trying to say the jews are the chosen ones. The Bible calls them a synagogue of satan.

  99. Deana J Jackson says:

    QUANTUM- GRAMMER = REMEDY

  100. henry hill says:

    Black people must pay close attention to what this means when it comes to the candidates are running
    for 2020 that are asking for ADOS vote.No candidate is considering reparations ADOS,they want your vote but nothing that is owed to ADOS.They want your vote but want you to remain in the place they instituted for you.TELL THE CANDIDATES NO REPARATIONS NO VOTE!!!

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