Jackson Jambalaya

And the stupidity of the leadership of Jackson continues...

This has nothing to do with fair bids.....

BancorpSouth was fined $11,000,000 for racial discrimination dealing with customers in and around Memphis

Google it. The bank admitted it....had to....on tape.

What an idiotic way to phrase an ordinance! So vague! "The Contract with Bancorp South?" The one bar to which Stokes has not been admitted is the Mississippi Bar...everything else, unfortunately yes.

I just hope that whichever bank loses this contract does not see an influx of people wanting to withdraw their tuppence.

5:57 is correct. Trustmark did not, but it did have an action filed for abuse of overdrafting mechanisms.

Then if this action is approved, the councilmen who vote for it and the Mayor should pay the difference between the two contracts out of their own pockets.

I'd be hard pressed to do biz with BancorpSouth as a black personal.

http://www.clarionledger.com/story/business/2016/06/30/mississippi-based-bancorpsouth-fined-106m-redlining/86546006/

Absent some serious demonstrations of change of boards and directors.

Follow the money-trail to Professor Klump's house, or Fat Albert is you prefer. It's as simple as that.

Forget the fact that Barrett-SeeMoan didn't feel comfortable. She doesn't feel comfortable climbing out of bed in the morning.

Seriously? Anyone who thinks that Mayor Second Coming didn't have advanced knowledge of what Stokes was up to is being naïve. The Ward 3 buffoon is going to be our greenhorn Mayor's test balloon as Antar and Akuno effort to figure out how far and fast they can push the envelope with the City Council.

This is only the beginning. Stokes is going to be MXGMCooperationJackson racist antagonist on the Council keeping the natives riled up with bombast and TV coverage while Antar/Akuno undermine from the inside.

They don't give a shit Kingfish if their a "solidarity economy" costs more. There's going to be a big time property tax increase either this budget cycle or next year. They are going to confiscate as much wealth as they politically can, as quickly as they can, via higher property taxes before those remaining with the wealth and ability to leave can figure it out. Just watch.

Perhaps Bancorp South did not give any Community Reinvestment money to Stoke's favorite organizations.

"Dealing with customers in and around Memphis"

That's about like negotiating with a cottonmouth......you'll always get bit!!

At one time, I believe we spread some of the money around to several banks. Bank Plus certainly has courted the black population. Bancorpsouth has many black employees -- certainly don't know anything about their problems in Memphis or how long ago that was. It is a Mississippi grown bank. But low bid does really have guidelines and should not be ignored ever.

So, Bancorp South chose not to make mortgage loans in African American areas of Memphis. And they are fined for doing so. Guess Stokes thinks that any bank in Jackson should be making mortgage loans over in his hood instead of areas of Jackson where the home might have an appraised value, and where the borrower might actually have a job with which he could repay the loan.

Given a choice of being required to open branches over on Wood Street or moving out of Jackson, I believe if I were on the board I would shutter all operations and move. The net loss would be less.

Seriously? We are going to fight about which bank to use? With interest rates at all time lows, who cares. Use whatever bank is still present in the city. There aren't many.

Conservatism is something the black community & assembly should know about, after all they have to wonder how many bullets to conserve if shit hits the fan.

Take the deal with Bancorp. A penny saved is a penny earned---- never forget that. Jackson, in its dire straights, can't afford the higher bidders. That's the Gods honest truth.

Are there any costs ( hidden or obvious) associated with the transfer?
Was the RFP well drafted so that nothing was overlooked in terms of executing the contract to fit the city's needs? For, example, were there any overlooked costs to the city that weren't accounted for in make the transfer workable?
Did a provision exist in the old contract so that the city can't be charged for transferring money to another bank?

@5:57- years ago Trustmark defrauded one of its Mississippi car loan customers forcing one to pay and finance overinflated car insurance. Look it up.

Can we just posit hypotheticals ad nauseam?

5:57pm made a good point

How are we going to be critical of elected officials in Jackson conducting state business from a moral, ethical ground

When our elected officials do the same thing at the state level.

Phil Bryant rejected Medicaid expansion, knowing good and well the Feds were going to cover 90% of the cost

Tate Reeves rejected stimulus money and now we are up here doing infrastructure improvements on a credit card with high interest

So how can we sit up here and be hyper critical of elected officials in Jackson for doing the same thing as our elected officials on the state level?

Trustmark is not alone in the racket of 'forcing' you to purchase stuff you don't need when you buy or finance a vehicle and it has nothing to do with race.

Two years ago I noticed on my invoice for a new truck that I had purchased some sort of insurance ($200). When I questioned it, I was told that the serial number is etched in the glass of all the windows (true) and if stolen and recovered, it won't matter thgat the thieves might have removed the numbers found on the dashboard. I complained and got a check for that amount from the dealership.

There are all sorts of add-ons that we are screwed into paying, like processing and handling and this fee and that fee. I guess this is how they pay for all the free coffee on the showroom floor.

But it ain't just banks and blacks so stop with all the black paranoia and victimization.

Stokes probably just wants to be sure that the bank the holds all the city's money has adequate armed private security to protect his next paycheck.

Yes, this appears to be small but remember all the really big decisions are made the same way.

Conflate much @8:16? Let me guess, your middle name is Ludicrous.

@9:28pm.... Don't think you need a loan to buy a home in Ward 3.

816, take your democratic hate elsewhere. Tate Reeves is in no position to 'reject' stimulus money, or any other money for that matter. Go back to Wingfield and take your 9th grade Civics class agsin before you decide to comment

BancorpSouth employees were on tape calling the rejected customers the N word repeatedly. Managers were heard laughing.

There is a culture of racism at that bank which has yet to be cured.

7:10 AM, what BancorpSouth location was this? Where can I find this?

https://www.usnews.com/news/business/articles/2016-06-29/regulators-fine-bancorpsouth-106-million-for-redlining