Does the financial industry take advantage of minorities?

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  • Dr. D
    Lv 7
    4 weeks ago

    The financial industry is highly competitive and seeks to make a profit at every opportunity. However the financial industry is highly fragmented, with banks competing with other banks, and other institutions competing with each other. They are constantly trying to take business away from their rivals. 

    If one financial company thinks it can take business away from its rivals by offering better deals to its customers, it will. If one financial company is taking advantage of minorities then another will try to offer minorities a better deal in the hopes of taking business from their rivals. 

    In short, Yes, all forms of capitalism takes advantage of minorities, and everyone else for that matter, in order to make a profit. That why we have competition in a free market. The consumer can always go elsewhere to get a better deal. 

  • Anonymous
    4 weeks ago

    Yes it does....

  • Anonymous
    4 weeks ago

    The entire system is racist meaning, financial, political, media, etc. But scammers will take advantage of anyone they can.

    Good white people discriminate, white scammers dont.

  • Justin
    Lv 7
    4 weeks ago

    Minority financial industrialists take advantage of minorities, exploiting their racism to corner their market and compel their loyalty. It is basically fascism, only not as recognizable because the skin color has changed since the 1930's. Otherwise, it is essentially Nazi banking. Only the Nazis are black now. They even still sell the idea of a 'super race' through sports and music heroes, 'ghetto thugs,' (the same basic culture practiced in Nazi Germany), the use of mob rule tactics and movements to circumvent the law, ('Antifa'), the destruction of longstanding art and public statuary, the use of 'fringe' science to advance mainstream science, (steady supply of gun shot victims, accident victims, fire victims, drug overdose victims, bizarre diseases, which advances scientific research), fixations on the 'science of the races' along with genetic ancestry, the use of celebrities to advance 'protected classes' centered around only one political party, etc...

    Evil is pretty much a one trick pony. When it says it isn't 'racist' it is actually telling the truth. It is an equal opportunity destroyer. Racism is just another expendable means to an ultimate end. The mainstream financial industry does not exploit minorities any more than anyone else. They do foolishly trap the poor in cycles of debt rather than use their knowledge to assist them in learning how to invest their income and grow it. That is truly puzzling and pointless, but I have never found it to be 'racist' or specifically targeting minorities. I only see that kind of targeted exploitation among other minorities who managed to gain power inside the financial industry.

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  • 4 weeks ago

    Money is money to them. And they want to make it, and they want their investments protected. They are not charitable institutions. Everyone is in the same boat. If you are a good risk, you are in, if not you are out.

  • David
    Lv 7
    4 weeks ago

    The financial industry takes advantage of everyone it can.

  • 4 weeks ago

    no more so than the political "industry"...

    what's worse in the "big picture"....one that exploits for personal gain or one that pushes policies that create whole, permanent classes of folks to be purposely exploited for personal gain?

  • 4 weeks ago

    That would be against the law, wouldn't it?

    Does the bookmaking industry take advantage of minorities?

  • 4 weeks ago

    no they don't for all I know

  • No it is a equal opportunity offender. I will cheat anyone

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