… built up and were less resilient and were smaller and that was a tough thing to be, even with PPP aid and things like that. Fair enough. Well, in fact, One Federal Reserve research paper found that black owned businesses went out of business at twice the rate of white owned businesses and saw cash decline at nine times the level. Mr. Bear, when bank capital requirements are lowered like under Trump's Basel III proposals, do you, you have data on how much of that extra money actually goes back into communities for local small business loans? (01:33–01:46)
CLAIM
Asserts findings from a Federal Reserve research paper on the disparate impact on black owned businesses.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
