"OneUnited Bank’s assets drop 18%" by Todd Wallack | August 7, 2009
OneUnited Bank in Boston, which calls itself the largest black-owned bank in the country, got a bit smaller over the past year....
Bank officials could not be reached for comment. But OneUnited, which also has offices in Miami and Los Angeles, made headlines this year after it received a $12 million bailout with help from US representatives Barney Frank, a Newton Democrat, and Maxine Waters, Democrat of Los Angeles.
Related: California Bank of Waters
Municipal Bond Milking
The bank also ran afoul of regulators last fall for operating with inadequate reserves and awarding excessive executive compensation. Specifically, regulators ordered OneUnited to stop providing a Porsche SUV to executives and barred the bank from paying expenses related to a California beach home....
Just helping you get that loan, brothers and sisters....
But your problem is the white man, fellow oppressed citizens of the United States.
At least, that is what the racist, divisive, agenda-pushing MSM would have you believe.
--more--"
