Tag: National Bankers Association

Reacting to the most recent wave of shootings of Black men by police officers, thousands of African-American consumers across America are directing their dollars by opening checking and savings accounts in Black-owned banks. A grassroots effort being called a “Spend Movement” found the nation’s Black banks receiving calls and on-line requests to open accounts.

When the leaders of the National Bankers Association, an organization of 37 mostly Black-owned banks, began pondering prospective recipients of their annual “Beyond the Call of Duty Award,” its president says they did not have to look very far. No question, it was Marie Johns, deputy administrator of the U. S. Small Business Administration, he said.

In his last public message the day before he was assassinated, Dr. Martin Luther King Jr. called on Black people in Memphis to support Black banks. “We’ve got to strengthen Black institutions. I call upon you to take your money out of the banks downtown and deposit your money in Tri-State Bank,” he said ...

Congresswoman Maxine Waters, who waged a more successful war on drugs than the entire U.S. government, was concerned with people like Ronald Reagan and George Bush, who made enormous profits from this trade by flooding urban America with poison. Her efforts to investigate were suppressed by Porter Goss, who then chaired the House Intelligence Committee. Now Goss heads the ethics office that charged Waters with ethics violations for her legitimate advocacy for Black banks and economic justice for Black and Brown people.

Congresswoman Maxine Waters conducts her drug war from the top down. Her view is to follow the money. Our government wages drug war on street vendors. The government’s view is to lock up as many young Blacks as is possible.