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Zac Bissonnette says of Magic Johnson’s business practices, he has “sold his soul to predatory financial companies.”
During an appearance on CNN, Zac mentions that there is a large industry of banks and finance companies that are designed to take advantage of low income minorities. Many of these organizations include companies like Rent a Center or payday lenders, many of whom make loans that many experts might consider predatory.
At the center of this industry is Magic Johnson. Johnson is paid well by these companies to promote these questionable loans, largely because he is loved by the black community. But is Magic’s role in this industry admirable or despicable?
The best way to sell garbage to black people is to wrap it up and put a bow on it. Is Magic selling his respect among African Americans as a way for predatory lenders to further destroy black wealth?
You can watch the video here.