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Decades of government policies and systemic racism have often left Black banks unable to survive and thrive

Photo illustration; Image sources via Getty Images: PhotoQuest/Contributor/Steve Dunwell/Rawpixel

This piece is part of The Uprising Marches On, a package on what’s next for the movement for Black lives.

After yet another moment of horrific police violence against Black Americans, Byron Brooks decided he’d had enough.

“The murders of both George Floyd and Breonna Taylor was the straw that broke the camel’s back for me,” says Brooks, 25, founder of From the Hood For the Hood, a Michigan-based nonprofit that, with its other community program, grants college scholarships to Black students across Michigan and recently started an initiative called the Road to Equity. “We’ve experienced over 400 years of…

The financial industry literally profited off the enslavement of black people

Credit: Mario Tama/Getty Images

This past summer, for the first time in a decade, Congress debated the merits of paying monetary reparations for slavery, and just as one might expect, objections to the proposal followed a familiar train of warped logic. “I don’t think reparations for something that happened 150 years ago for which none of us currently living are responsible is a good idea,” Senate Majority Leader Mitch McConnell said in June, on the eve of a House hearing debating the issue.

According to this well-worn argument, the descendants of slaveholders — and that includes McConnell himself — shouldn’t be held accountable for…

Is she crazy? Or crazy like a fox? A financial illiterate investigates.

Illustration: Nicole Ginelli

The envelope arrived in my mailbox on a Tuesday. I recognized the block-lettered handwriting on the front as my mother’s. Inside was a typewritten missive addressed to my sister and me. Two short but alarming paragraphs informed us that our mother had withdrawn a not-insignificant portion of our inheritance and buried it — literally — in the ground.

At the bottom of the page were instructions on how to locate the interred treasure, consisting of paper bills and gold and silver coins, in the event of a global financial meltdown.

My phone rang a few hours later.

“Dude,” my sister’s…

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