Politics, Priorities, Pathology and Hope WITHIN The Black Community

“Take Back The Black Community Consciousness". It has been hijacked by embedded operatives who don't intend to develop the COMPETENCIES within. We once controlled this consciousness, focusing our activism directly upon our permanent interests. Today the "Malcolm X Political Football Game" has us as starters and some believe that this playing time translates into absolute progress for our people. My goal is to hold our permanent interests in their faces, forcing them to explain their actions.

Thursday, February 12, 2009

OneUnited Bank - Black Owned Caught In A Political Football Match

I agree with Cedric Muhammad on this one. In the context of $700 billion spent on TARP - $12 million sent to One United Bank is inconsequential.

I don't believe that this was a "racial thing". The Wall Street Journal and Bill O'Reilly were seeking to hit a liberal Democratic target. Who better than Barney Frank as a target for influence peddling and corruption.

Malcolm X stated that Black folks are a football in a political match between liberals and conservatives. This is about as deep as this story should be read.

First the Wall Street Journal highlights the $12 million sent to One United via a special provision by Barney Frank in their article on political influence: WSJ: One United Bank Story

Then Fox News commentator Bill O'Reilly goes after his favorite target - Barnie Frank

Next comes Media Matters - a left wing sponsored media watch dog. Media Matters monitors Fox News, Rush Limbaugh and other conservative commentators seeking to cherry pick "offensive commentary" and explode it into a controvery: Media Matters Goes After Bill O'Reilly

Media Matters asks "Why does O'Reilly call One United 'Barney Frank's Bank'?" when he does not have a financial stake in the matter?

Lastly comes BlackElectorate with Cedric Muhammad. He defends the money sent to One United and reframes the matter as help to an important "Black owned bank". Thus regardless of the political situation - he believes that Barney Frank has done a good deed in support of the Black community.

First of all - the One United Bank is but a small pittance. I assure you that the amount of money held by Black New Yorkers in other mainstream banks greatly dwarfs their holdings in One United. One United and the gesture by Frank are little more then symbolic.

Where I do agree with Muhammad is that in the large scheme of things the $12 million is but a rounding error. The focus on these funds while there is far greater evidence of fraud and political manipulation to the tune of trillions in other banks and financial institutions is laughable. Though I agree that the target was Barnie Frank - O'Reilly and the WSJ open themselves up to the criticism that some will ring, saying that they are attempting to "Blame Black people for the financial crisis".

If I had one wish it would be that White conservatives be less tone deaf on certain issues. It is clear that their ground should be stood on certain subjects. On others its just not worth mentioning. With such a great imbalance as this their White left wing adversaries which already have more favor within the Black community will simply return the volley and accuse them of being racists. Then the Black community will chime in and ask why they are not focused on the White folks with the greater log in their eyes? Where as I have respect for Bill O'Reilly not fearing being called a "racist" as it comes with the territory when you go against the Black Quasi-Socialist Progressive-Fundamentalist Racism Chasers - he needs pick fights that are more worthy. The One United Bank issue is a miss by O'Reilly and the WSJ.

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