Bank Bailout Racism – it goes deeper than Silicon Valley Bank – Dr Boyce Watkins

Joe Biden announced that he’s basically bailing out Silicon Valley Bank to keep it from failing. But as a PhD in Finance, I wanted to higlight some of the racial disparities in these arbitrary decisions being made by government officials.

The same way the government chose to break its own rules to bail out Silicon Valley Bank, they could also have broken rules to bail out the black community after the crack cocaine epidemic or fund reparations for black citizens.

In his book, “Powernomics,” Dr Claud Anderson carefully explains how the arbitrary application of such rules creates massive disparities in generational wealth and funds the racial wealth gap.

Dr Boyce Watkins is a Finance PhD and founder of The Black Business School. He’s also the author of the Best-selling book, “The 10 Commandments of Black Economic Power.” To learn more, please visit BoyceWatkins.com

source