Bank of America's Billion Dollar Lie - My 100th Episode

<p><strong>Congrats to myself for making it 100 episodes. Tells you there is a lot to talk about with big banks!</strong></p> <p>This topic is hard for me to talk about, because it's about racism and discrimination, but it needs to be told.</p> <p><a href="https://newsroom.bankofamerica.com/press-releases/bank-america-announces-four-year-1-billion-commitment-supporting-economic">Bank of America put out a press release Tuesday announcing a "Billion Dollar Commitment" to end racial inequality. When I woke up, I got 15 DMs all asking me if it was BS. Well...</a></p> <p>The Billion Dollars isn't a donation to charities (mostly)</p> <p>They do give to some medical facilities in Chicago, DC and LA, but Only 0.02% of it is going to that ($2 Million) to be spread out over 38 locations!</p> <p><strong>The bulk of it is committing to lending to African-American owned businesses and for African-Americans to get home loans, or in other words, so Bank of America can give them money to borrow, which was the law already (fair lending) so black people can pay it back with interest. In other words, BofA is actually going to MAKE money on this..&nbsp;</strong></p> <p>Second, Bank of America is touting "Further recruitment and retention of teammates in low-to-moderate-income and disadvantaged communities to build on work the company has already done to serve clients locally."</p> <p>Meaning? They are spending money on themselves to hire and keep their people. What?!?! Plus, they are <a href="https://newsroom.bankofamerica.com/press-releases/corporate-and-financial-news/bank-america-us-minimum-hourly-wage-reaches-20">including an already promised and enforced pay raise to $20 an hour</a> as part of their "Giving" here (from what I gather with the wording of it)</p> <p><br></p> <p><a href="https://twitter.com/BankBetterGuy/status/1268000390340997120">Check out my twitter thread about it here!</a></p> <p><br></p> <p>They refer to the death of George Floyd and Protests as "The events of the past week". &nbsp;Look, giving people jobs an