MUST WATCH! What’s Going on with Greenwood Bank & The Gathering Spot? Karen Hunter and Don Calloway
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- čas přidán 6. 09. 2024
- MUST WATCH! What’s Going on with Greenwood Bank, & The Gathering Spot? Karen Hunter and Don Calloway
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#karenhunter #blackamerica #trump #donaldtrump #trumpindicted #greenwoodbank #killermike #thegatheringspot
Was on the wait list. Once I got my card and did some research and realized it was a sham, I shredded my card. As a financial advisor, I didn't appreciate the dishonesty. Furthermore, as someone from Tulsa, Oklahoma I'm tired of people using the name and history to line their own pockets vs what Black Wallstreet/Little Egypt actually stood for.
That part about pimping off of the legacy of what happened in Greenwood is the message. Thank you!
I'm really disgusted with Killer Mike. Bruh, Andrew Young was on the board. I'm done with him outside of him being a big voice, but he has become an ambulance chaser. I'm so disappointed. Don't market a Black owned institution to Black people if it ain't BLACK!!! c'mon bruh
I can't stand Michael Render nor Andrew Young. And Andrew Young is good at selling out black ppl
This is why we as a people need to be careful who we call leaders. This shows that these folks who claim to want better for their communities and claim to be helping us are really helping themselves. Don’t push support black businesses and the need to keep black dollars in the black community if you are selling out to the highest bidder.
Amen.
Well said 💯
AGREE LOVING means aligning the actions to love black people not capitalism
Never follow someone the media likes to parade as a leader.
You know this all makes sense now. My crew and I were ready to join Greenwood. But, we had many questions. Each of us reached out with our questions and none of us received any answers. We moved on. I didn't want to think the worse. But, it was clear to us that something wasn't right.
"Do not defraud Black people." That part!
What is inflation,credit,loans and bailouts ....The Black Community needs neither bailouts,loans or credit but gold assets only
Greenwood bank ....think of it as the federal gold reserve ,there will be no bailouts or federal loan but that loans will be issued by Greenwood without interest.....
"Start by getting started." This brother right here! Even I understood that.
Brother Malcom warned us about the entertainers.
Why do we choose rappers and sports figures and celebrities for our ‘leaders’? Can us poor people start pooling our own money and resources together under the leadership of non fraternity and sorority and secret ’society’ finance people who truly have our best interests in mind for the betterment of our people?
💯💯💯
As some that is not in the banking world. I have a question! Can they switch the ppl that is backing them
This is a really deep conversation…
When Killer Mike talked about it, i thought it would be cool to start my daughter an account there. So i signed up, after a few months i was allowed an account. The paperwork came, and my husband was the one who found out GW was bscked byba white bank. We never signed up and i told all my friends not to join.
❤ your podcast .. always educational/thought provoking
I have been watching your videos lately and they are amazing. I just signed up to sirius xm radio so I can listen to your show everyday. Thank you for all the great guest you have on as well.
Welcome home!
unfortunately Don Calloway seems to be making a play to purchase "The Gathering Spot" from its parent company and not necessarily interested in what was REALLY problematic about Greenwood Bank
"start by getting started" stopped me in my literal tracks! Resonated with my spirit and my own personal ambitions. Thank you, brother.
Checked out Greenwood Bank a while ago when they were putting people on a waiting list. What I found out was that they were not Black-owned and were not FDIC insured. Lost interest and didn't open an account when they notified me that I could.
The concerversy is gold vs credit the Black Community or African American Community needs gold not credit it is simple....
Black Power Media with Dr. Jared Ball broke this down back in 2021
Didn't Russell Simmons do the same thing with the Rush Card???
Open a credit union ❤ the AKAs just opened one
Right? That was amazing
Be your own leader first , And then get down with other leaders. And check your ego, envy and jealousy at the door before u start doing business .
"...who sent you?.." Indeed.
100
Karen the nuisances of your shade is epic.😂😂😂
Don bringing the knowledge and the smoke 💨.
When racial hierarchy meets capitalism you get... Michael Render.
I agree with this brother, who sent you
I see you, Karen....Global Majority, Christmas gifts for my grown children!
Great conversation as usual. One point to make is that starting a de novo (or new) bank isn’t permitted in every state and is not easy to do. This is why most companies that want to start a bank will acquire an already existing bank. But I definitely agree that they could have utilized a Black-owned bank. But perhaps they did and the financial metrics with the other banks were better. Don’t know if that was the case, but I am a banking lawyer so I just wanted to provide another perspective on what may have happened behind the scenes.
Dont justify them using white bank over a black bank
Their markering was a lie. They marketed as blanks owned bank. I was on the waiting list but once I pulled those strings and researched I found that it was not a real bank and it was not a black entity operating and intaking all of the money.
@jamesdavis Thank you for your insight..
I opened an account or support of course hoping for the best. I had a small check that I attempted to deposit 2x which failed to deposit into my account. I looked online and the check never deposited. The account that I have I will close. I would only trust it for absolutely nothing.
Who sent you.......THIS!!!!
Isn't that what Magic Johnson did with Washington Mutual.. he was the face of "the American Dream" of homeownership with subprime loans that went into foreclosure and caused alot of "us" to lose our homes in the long run?
How does a black bank benefit black people?
Google the history of how abusive other banks have been toward Blacks, for example redlining, abusive lending practices, etc. Wells Fargo has been found liable multiple times in the last 10-15 years alone. The idealized hope is that a Black bank - at the very least - wouldn’t do crap like that. There’s more to it, but at LEAST that would be nice.
@bert3163 trust me I know the historical facts of redlining...this is the reason why we need black owned banks...but my point is do black owned banks SPECIFICALLY benefit black people? And how?...because I went to open up a bank account at Carver Bank and I spoke to the manager to ask how do benefit as a black man opening up an account in this bank as opposed to chase...they looked at me like I had 2 heads...so it seems like it was just about pandering to black folks
You sound foolish.
I love your candor! 😊
I thought Oppenheimer was at the show...it's right here!....This video is GLORIOUS....thank you!
I’ve used the account lightly, living in Washington state I wasn’t too bothered at first. So now I’m checking out the other options you guys suggested
12:30 YES! WHO SENT YOU/Y'ALL!?!?!? lol
Found the article about this after office hours Monday
This is pissin me off! Tired of it!
6:56 that part. Capitalism can't save the Black community on its own. We need activism. Meaning we need more activists - and Capitalists are usually not activists.
So glad that I did'nt buy into that😮
I was one who paid attention to the fine print & noticed off the rip that Greenwood was not a depository institution but a fin-tech company.
Nevertheless I signed up & obtained an acct to see if this biz would continue taking the steps towards something greater.
This interview has me rethinking my position.
Never heard of Greenwood Bank and thankfull...smh!!!
I’m not gonna lie. I stopped looking at Michael Render the same. That Black affinity grift is something else.
Falling behind? We HAVE fell behind. Imagine the capital that could be generated if money was deposited in black banks rather than hair bundles 🤔.
Imagine if black men were on code to not marry and procreate outside their ethnicity to get ourselves out of this state of economic emergency and build generational wealth. that’s a much bigger issue than worrying about our hair!!!
Interesting. Can you do a podcast on what's going on with black owned bank today?
I think really there's no eal true black banking institution fully controlled , lets put it to the test the carver bank in Atlanta lets say i want a loan to start a business . Now this business will be in Nairobi Kenya, on the road to loaning this loan can the bank the black bank handle this from step A to srep Z
Was hoping to believe in the Greenwood concept but there wasn't anything to get behind. As a small business owner,(3 of them) getting funding has been impossible. With their resouces, rhetoric, and leverage this would be something to get behind.
I hear you, but I think a problem that you're going to find is that there aren't many Black banks with the infrastructure necessary for Greenwood bank to build the technology on. So even if Carver or other Black banks wanted to be the back-end partner with Greenwood, they couldn't because the tech isn't there to get the money to flow into the bank. I know people like Ashley D. Bell have been trying to solve them problem, but we're not there yet.
As far as the other VCs that you've mentioned, I know quite a few of them. Look at their funds and see who their limited partners are. I guarantee you that most of them won't be Black faces or firms. Institutionally, the money just isn't there at this moment. But, this is more incentive to keep building! I appreciate the convo, as always.
I'm sorry. The first part of your comment does not makes sense. Tech is tech and nothing about Greenwood's platform is particularly innovative let alone new. There are indeed accounts with money sitting somewhere and i assume that as one can make e-deposits into Greenwood accounts from a FDIC backed bank, black or otherwise, the reverse can indeed be done too. Perhaps I am missing the real concern. Could you please clarify?
The problem isn't Greenwood's tech, but the Black owned banks and their APIs. Even if a startup wanted to get deposits into those banks using an app, they couldn't because their APIs aren't built out. At least, that is the reason many fintechs that I talk to give.
I respectfully disagree. One United bank was available etc. New technology could have been applied.
@@lawrencewatkins1902 Thanks for responding. Something smells a bit fishy with the response you've been given, especially in today's environment. it's not like it's 2008.
@@TheVuduYuDu you'd be surprised. A lot of the problems that one would assume to have been solved right now, actually have not been solved. But, I very much hope our Black banks can keep up with technology. Many CDFIs have already been impacted by technological transformation.
Unity National Bank in Houston and sort of in Atlanta.
That is an A&M crew!!!!
Chile intuitively this structure never set right with my spirit. Plus there was some fuckery with the Workspace. KM bless his heart.🙏🏽😒
Thanks for the transparency Dr. K. Not a fan of Mike his yoyo culture prospectives are disgusting...
8:26 he's making the assumption that they didn't try to be the bank. Also, if it was so easy to just get a bank certificate, wouldn't they just do so? How easy is it for black men to open a bank in present day America?
Dr. K I hope you talk about ice cube aka melting and his black plan--3 on 3 bball 😢 black artist doing things beyond their gift of gab are scheme artist. We must not get lost in the shuffle/hustle.
We need to hear the other side of this story before we jump to conclusions. For all we know, they went to black banks for a partnership, and was denied and this one particular bank that they are with yes even though it’s a non-black bank
I hear you sis! But, then it's not black owned. Whatever you do it's necessary to be transparent. It's Sad! They are seasoned enough to know better. I will be waiting for the rebuttal. However, this conversation is an indication of problematic behavior when creating this bank.
Venger capital. So start by loaning me 160,000 fomy starting interprise in Kenya, Nairobi Africa
I like him!
All of this!! That part about Bernie Madoff. 😉
Unfortunately, the commentary in this show demonstrates why one of the reasons our culture continues to struggle outside of the systematic obstacles. I don't understand why some blacks feel like they need to recreate the wheel. Utilizing established power to implement significant change is more important than a temporary feel good moment because that is all it will ever be. Every culture has roles but it seems like our black foot soldiers are overly ambitious and do not fully understand the climate they live in. We will never impact generational wealth change by just being inspiring. The moment our people realize that America was created to be a business and the only way to advance financially and politically is to make deals with everyone. Those deals can lead to power... Long term strategy vs instant gratification in
#exposureleadstoexpansion
just the exact opposite and your comment is why we aren't free.
@@KarenHunterShow My point is has to be a collaborative effort... We should position ourselves like the military. Establish specialized groups to attack from various sides to win the war. I respect everyone's opinion however in this situation if the ultimate goal is to establish wealth, so in the short term shouldn't we utilize the system that has been created to change it from within? If they see and hear all of us coming they'll know how to counter attack before we can get our foot in the door but at this stage in my opinion some of us prefer to use the Chess strategy. The foot soldiers can be disruptive by making a lot of noise while others choose to take a different approach by establishing key positions to take power from within. But I guess in hindsight the public negativity could be a good distraction for those that choose to break down the internal pillars while others choose to protest i.e foot soldiers.
@@Jay-ml4sp : all we discuss here is how we must work together, come together, build together. Do you listen to the show?
Why are you insulting the intelligence of Mr. Render. Capitalism is about creating wealth. Please share how the banks that you mentioned created wealth in the community. Mortgages, small business loans, or funding real estate development on the south side of Atlanta. The brothers who sold the Gathering Spot knew or should have known where the check was coming from. Create wealth, not problems!
Exactly, capitalism ain't gonna save us. And being an entertainer, famous person, loudmouth does not a leader make! Why would we ever have just taken Mr. smoking-weed-on-Bill-Maher's show at his word that he was black community centered. Where are our credit unions and co-operative organizations?
810 ❤
Don said, " I. love Killer Mike" one too many times........ #realisreal #noapoogies
Greewood and quite a few non deppository banks are offering 4% interest vs 1-1.5% apr to attract small balance cusomers. This leads me to look at Black banks for their apr. The attraction may be very different for them. Black banks must appeal to the needs of the working class, or some may just go for the 4%......
Change 😮 of name to itty-bitty mike😢
There was tons of videos about this. I pivot and now with one united
Who sings the intro