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Big banks setting actual loan rates to
big businesses based on 'diversity' quotas
instead of ability to repay

Original Article

Posted By: Dreadnought, 11/8/2022 10:43:19 PM

As if America already didn't have enough of what fascism-savvy Argentines call "the corporate republic," we now learn that big banks are conditioning their credit to big businesses based on "diversity" quotas, not creditworthiness. According to the Washington Free Beacon: Amid an uptick in race-conscious hiring programs throughout corporate America, many prominent businesses are now writing racial and gender quotas into their credit agreements with banks, tying the cost of borrowing to the companies' workforce diversity,

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Reply 1 - Posted by: singermom9 11/8/2022 10:59:59 PM (No. 1328424)
Isn't this how we got into the housing loan problem 20 years ago? Gave loans to people who could not pay them back.
29 people like this.

Reply 2 - Posted by: itsonlyme 11/8/2022 11:03:39 PM (No. 1328429)
As in other places, the Knotseez have infiltrated the banking system. To the patriots of America, take no prisoners.
10 people like this.

Reply 3 - Posted by: Lawsy0 11/9/2022 1:15:12 AM (No. 1328473)
Hint: White males are the new minority.
18 people like this.

Reply 4 - Posted by: Trigger2 11/9/2022 1:33:57 AM (No. 1328478)
Here comes a soon bailout for the banks for listening to Joey & the inept demonrats.
10 people like this.

Reply 5 - Posted by: mifla 11/9/2022 5:01:07 AM (No. 1328492)
Good idea, we should do that with school loans as well. Wait,...
5 people like this.

Reply 6 - Posted by: SweetPea3 11/9/2022 5:42:18 AM (No. 1328507)
Another train wreck, barreling toward 2008.
5 people like this.

Reply 7 - Posted by: czechlist 11/9/2022 7:46:23 AM (No. 1328573)
Loans to comoanies based on ESG ( = E nvironmental S ocial and G overnance ) have been happening for years. Toe the line or don't get the money. It will eventually "trickle down" to the average citizen. Want to buy a gasoline powered car? We believe they are bad for the environment so we won't loan you any money!
6 people like this.

Reply 8 - Posted by: paral04 11/9/2022 8:05:20 AM (No. 1328594)
Tie to switch to a Credit Union, Maybe they have more sense.
4 people like this.

Reply 9 - Posted by: Zigrid 11/9/2022 10:04:49 AM (No. 1328733)
Spot on poster #1...that's exactly how WE got into trouble 20 years ago....and the democrats and their big business buddies are gonna do it again...unless President Trump can stop them....President Trump/2024....
5 people like this.

Reply 10 - Posted by: Penney 11/9/2022 10:29:19 AM (No. 1328753)
Is it, 'banana republic,' time in the USA?!
5 people like this.

Reply 11 - Posted by: MickTurn 11/9/2022 10:33:36 AM (No. 1328755)
I smell tons of lawsuits...these are NOT laws!
3 people like this.

Reply 12 - Posted by: Penney 11/9/2022 10:39:18 AM (No. 1328764)
The socialist/dems are trying to outdo Jesse James, but on a national level.
4 people like this.

Reply 13 - Posted by: smokincol 11/9/2022 11:52:56 AM (No. 1328841)
this story is so absurd it's beyond comprehension
3 people like this.

Reply 14 - Posted by: judy 11/9/2022 11:53:37 AM (No. 1328843)
That’s OK they will just increase rates to make up for their loss……
3 people like this.

Reply 15 - Posted by: QuietVoice 11/9/2022 6:00:29 PM (No. 1329165)
We'll soon see if "Woke" leads to "Broke."
0 people like this.

Reply 16 - Posted by: Lawsy0 11/9/2022 7:08:44 PM (No. 1329233)
It's like deja vu all over again. Call Hillary, ask if she remembers. And tell her her broomstick is still double parked.
0 people like this.

Reply 17 - Posted by: GoodDeal 11/9/2022 8:42:03 PM (No. 1329295)
ESG is here to stay now.
0 people like this.

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