Biden's Treasury Department Awards $8.7 Billion to Help Boost Lending Exclusively to Black-Owned or BIPOC Owned Businesses
So now Biden’s Treasury Department decides to release $8.7 billion – white taxpayer money – too help increase lending to exclusively minority-owned businesses across America. How is this Constitutional, you might ask? Whatever benefits BIPOCS, at the expense, is obviously Constitutional in Black-Run America (BRA). [Treasury Department awards $8.7 billion to help boost lending to minority-owned businesses, Fortune.com, December 14, 2021]:
The U.S. Treasury Department announced Tuesday the release of $8.7 billion to help increase lending to small and minority-owned businesses and people living in poorer communities with limited access to banking.
The funds from the Emergency Capital Investment Program, which was created this year, will go to 186 community-based financial institutions. Vice President Kamala Harris and Treasury Secretary Janet Yellen discussed the investments in remarks at the Freedman’s Bank Forum, which was hosted by the Treasury Department.