Oerdin
10k+⚡Milestone
- Reaction score
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Here is an article from today on CNBC:
It is claiming that Black and Hispanic people, simply because they are black and Hispanic people get charged more by banks. The only problem is that is a lie. It should say low income people who make poor choices get hit with penalty fees. If you don't use out of network ATMs then you don't get hit with out of network ATM fees. If you don't over draft your checking account then you don't get hit with over draft fees. Race plays no part in any of this.
Now, it is true blacks in America have a culture which does not value education. Doing so is often deemed to be "trying to act white" by fellow blacks so it is not surprising blacks tend to drop out, not do homework or other school work, and so get bad grades. In the Hispanic community first generation immigrants, especially illegal aliens, tend to be poorly educated in their home countries. Not surprisingly low skill workers get paid less than high skilled workers and, once again, race has nothing to do with it.
The third issue is banks don't like being robbed and they only put branches in locations where they make enough money to run that location at a profit. Yes, that does mean that private companies avoid high crime areas especially ones where low volumes of business tends to be conducted. The problem here is not that the banks are some how "racist" it is that many people in black and Hispanic communities seem to have low financial literacy thus why they rack up avoidable fees. What is your take?
It is claiming that Black and Hispanic people, simply because they are black and Hispanic people get charged more by banks. The only problem is that is a lie. It should say low income people who make poor choices get hit with penalty fees. If you don't use out of network ATMs then you don't get hit with out of network ATM fees. If you don't over draft your checking account then you don't get hit with over draft fees. Race plays no part in any of this.
Now, it is true blacks in America have a culture which does not value education. Doing so is often deemed to be "trying to act white" by fellow blacks so it is not surprising blacks tend to drop out, not do homework or other school work, and so get bad grades. In the Hispanic community first generation immigrants, especially illegal aliens, tend to be poorly educated in their home countries. Not surprisingly low skill workers get paid less than high skilled workers and, once again, race has nothing to do with it.
The third issue is banks don't like being robbed and they only put branches in locations where they make enough money to run that location at a profit. Yes, that does mean that private companies avoid high crime areas especially ones where low volumes of business tends to be conducted. The problem here is not that the banks are some how "racist" it is that many people in black and Hispanic communities seem to have low financial literacy thus why they rack up avoidable fees. What is your take?
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Well, lemme know when I have it to relinquish, clown.
