America's first African American billionaire, Robert Johnson, has recently purchased a small Florida bank that he plans to move to Washington, D.C., one of the United States' strongest banking markets, in order to serve the African American community. Johnson has said he thinks the bank, to be renamed Urban Trust, could become "the preeminent African-American owned bank in the country." 1 How much that will benefit working and middle class blacks or mainly himself and other bank stockholders is unclear.
Continue reading African American Billionaire Purchases Bank.
It is not proper that one person will snatch away the morsels of food from the mouths of others. So there has been a need to introduce a system where all human beings would distribute the entire wealth among the collective body in a collective way. Unfortunately, no great person ever did this in the past, nor did even Ta'raka Brahma [the advent of the Supreme Liberator] do it. It was not done, therefore the problems and difficulties in collective life have continued. Because of these shortcomings, human life is full of pain and misery. 
