"Black Wall Street". Never knew the extent of what happened.
Need a Funder or Vendor? START HERE

Results 1 to 25 of 39

Hybrid View

  1. #1
    Veteran Reputation points: 135672 Chambo's Avatar
    Join Date
    Sep 2012
    Location
    New York City
    Posts
    3,188

    Quote Originally Posted by Winning View Post
    Wow, there is actually legislation that is gaining steam exploring whether Black Americans should receive restitution for slavery, bill H.R. 40.

    Could you all imagine if the Government actually passed something that would give reparations for slavery and the Jim Crow era? That price would be so huge I think it would instantly tank the value of the dollar. Due to that, I think traditional reparations for slavery will never happen in the form of checks cut to black americans. I think that the the issue is to complex and expensive, as one of the reasons why the government has not made any official attempt to answer for it. By the goverment not addressing this issue of reparations when the Slaves where first freed, they have made this 10,000 times more complicated.

    It is a new day for record spending packages and magic money. So maybe paying reparations would not bankrupt the USA either.
    After the Civil War, there were reparations.....to the white plantation owners for loss of property. Andrew Johnson being President after Lincoln was shot is a big reason for that. He was a major White Supremacist from the South

  2. #2
    Senior Member Reputation points: 30747
    Join Date
    Aug 2016
    Posts
    486

    Quote Originally Posted by Chambo View Post
    After the Civil War, there were reparations.....to the white plantation owners for loss of property. Andrew Johnson being President after Lincoln was shot is a big reason for that. He was a major White Supremacist from the South
    Loss of property as in slaves? They got insurance payouts for loss of slaves?

    If so that would mean the insurance companies were selling policies for slaves. Which means the insurance companies profited off slaves. Which mean they would also have liability to pay reparations.

  3. #3
    Veteran Reputation points: 135672 Chambo's Avatar
    Join Date
    Sep 2012
    Location
    New York City
    Posts
    3,188

    Quote Originally Posted by Winning View Post
    Loss of property as in slaves? They got insurance payouts for loss of slaves?

    If so that would mean the insurance companies were selling policies for slaves. Which means the insurance companies profited off slaves. Which mean they would also have liability to pay reparations.
    better believe the owners had insurance policies on their slaves. Remember, they were considered property.

    But the reparations were from the gov't to help with stimulus after the Civil war.

  4. #4
    Veteran Reputation points: 135672 Chambo's Avatar
    Join Date
    Sep 2012
    Location
    New York City
    Posts
    3,188

    Quote Originally Posted by Winning View Post
    Loss of property as in slaves? They got insurance payouts for loss of slaves?

    If so that would mean the insurance companies were selling policies for slaves. Which means the insurance companies profited off slaves. Which mean they would also have liability to pay reparations.
    read up on COMPENSATED EMANCIPATION

Similar Threads

  1. Who is "Main Street Capital Group, LLC"?
    By 1Loanguy in forum Merchant Cash Advance
    Replies: 0
    Last Post: 07-27-2017, 04:55 PM
  2. "High Risk" Cash Advance" -- Nerd Wallet Article
    By Cfairbank in forum Merchant Cash Advance
    Replies: 17
    Last Post: 10-15-2016, 01:28 PM
  3. Replies: 0
    Last Post: 02-02-2015, 11:33 AM
  4. "A paper" and "B/C" lenders
    By loan in forum Merchant Cash Advance
    Replies: 17
    Last Post: 02-02-2015, 11:13 AM
  5. The Difference between "High Risk" and "Additional Positions"
    By WhoisKingsley in forum Merchant Cash Advance
    Replies: 1
    Last Post: 12-01-2014, 10:31 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Charlotte launches biz loan marketplace
Fora hits origination milestone
Maxim promotes F. Rodriguez


DIRECTORY