Op-Ed: Wall Street is full of **** and it’s time we hold them accountable
Hey all,
Not sure if you saw, but earlier this month, Sean “Diddy” Combs wrote an open letter to Corporate America in his media outlet Revolt.
I was asked to write something as well, particularly about the existing wealth gaps and financial literacy.
The way things are going now, average Black net worth will drop to $0 by 2053. The number one driver behind that is lack of real estate/home ownership.
On top of that, 90% of millionaires are made from real estate/home ownership.
Meanwhile, banks like Bank of America make the bulk of their money, charging crazy fees from their smaller customers.
So I called them out on that. But I offered a solution also. Here it is. Please let me know what you think.
- Philip
WARNING: It’s R-rated so if you’re sensitive, please don’t read.