%% LOL I have zero/goose egg problem with comp. IT's actually good for all. I hope + pray LTSE [long term stock exchange] is run better than LTCM/LOL
LTSE virtue signalling with a nice dose of woke bullshit right from the start: "LTSE has joined with several organizations to build and launch a year-long experiment to support the economic mobility of Black entrepreneurs impacted by COVID-19." "In a crowded market, your diversity is your differentiator...By diversity, I’m referring to your unique perspective, traditions, experiences — the things that make you, you. It includes the way each of us identifies patterns and approaches problems. Ethnicity, race, gender, socioeconomic status or physical ability factor into who we are." Calling all the disabled poor black transsexuals out there. 200k guaranteed for walking through the doors. Also, MEMX still stuck in the 90s with this garbagé (yes, straight from Adobe stock photos):
Seeing how minorities had a harder time getting CARES aid for their small businesses, I see nothing wrong w/private enterprise stepping up. Even if it's as a PR move.
How did they have a "harder time", active discrimination? Also, all minorities? Chinese, Indians and Polish included?
Isn't MIAX already an exchange right now? What's new with the new exchange MIAX Pearl? A merger of MIAX and Pearl?
Minority-Owned Small Businesses Were Supposed To Get Priority. They May Not Have Lawmakers did set aside $30 billion for smaller lenders, in part with the aim of helping business owners of color — like Ugboajah. But a new report from the Small Business Administration's inspector general found that businesses owned by people of color may not have received loans as intended under the Paycheck Protection Program. There was no evidence, the report said, that the SBA told lenders to prioritize business owners in "underserved" markets, including business owners of color — something the CARES Act had specifically instructed the SBA to do. https://www.cnbc.com/2020/05/09/coronavirus-ppp-may-have-left-minority-business-owners-behind.html SMALL BUSINESS Paycheck Protection Program may have left minority business owners behind due to an implementation failure KEY POINTS The Inspector General found that the Small Business Administration did not instruct lenders to prioritize underserved communities as called for under the CARES Act. As a result minority, women-owned and rural businesses may not have received loans as intended. The watchdog also called into question requirements issued by the Small Business Administration for loan forgiveness. Minority, women-owned and rural small businesses may not have received loans under the Paycheck Protection Program because the Small Business Administration did not instruct lenders to prioritize underserved communities as called for under the law, according to an inspector general report. The watchdog report also found the SBA did not include demographic information on loan applications and, as a result, will likely not be able to determine whether funds went to underserved communities as intended. “Because the SBA did not provide guidance to lenders about prioritizing borrowers in underserved and rural markets, these borrowers, including rural, minority and women-owned businesses may not have received the loans as intended,” the inspector general said.
Favoring blacks is a form of discrimination. Yale lost a lawsuit for favoring blacks and discriminating against whites and Asians: https://www.wsj.com/articles/justic...-race-in-undergraduate-admissions-11597351675 https://www.washingtonpost.com/poli...st-asian-americans-whites-its-wrong-question/ “the DOJ accused the university of using race-based preferences in deciding which applicants to admit as students, hurting Asian American and White applicants and favoring African Americans.”