Bloomberg Says He's Against Redlining

The transcript discusses the speaker's opposition to certain financial practices since the financial crisis, highlighting issues like redlining. It emphasizes the importance of business mentoring and support programs in New York City, which help young entrepreneurs start businesses by providing seed capital and banking access. The speaker argues that improving banking access in neighborhoods is crucial for wealth building and does not require massive financial resources, but rather a focused approach to solving standard problems.

What financial practice does the speaker criticize as still being prevalent in some areas?

• Mortgage packaging

• Credit default swaps

• Redlining

• Stock trading

What unique experience does the speaker claim to have compared to others?

• Working on Wall Street

• Running a charity

• Writing a financial book

• Starting a business

What type of program does the speaker mention as beneficial for young business people?

• Real estate

• Mentoring

• Investment banking

• Stock market

According to the speaker, what is essential for obtaining a checking account and loans?

• Credit cards

• Online banking

• Branch banking

• Mobile apps

What does the speaker suggest is necessary to solve financial issues without spending trillions?

• Investing in technology

• Increasing taxes

• Focusing on standard problems

• Cutting government spending