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The Closing Arguments, Mortgage Assistance, and Meta's Privacy Settlement · The Breakfast Club

• 0:05
  Speaker 1: The murder trial of Carmelo Anthony continues in Texas, with
• 0:08
  Speaker 1: new testimony expected as the case enters another critical day
• 0:11
  Speaker 1: in court.
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  Speaker 2: What they're going to want to do is have witnesses
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  Speaker 2: that can establish exactly what was going on.
• 0:17
  Speaker 1: And Will Spargo has agreed to a one hundred million
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  Speaker 1: dollar mortgage assistance fund after years of accusation the bank
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  Speaker 1: discriminated against black boowers.
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  Speaker 3: My objective here is to shine a light and if.
• 0:29
  Speaker 1: You're a Facebook user, a second settlement check could start
• 0:32
  Speaker 1: hitty inboxes and bank accounts as soon as today.
• 0:35
  Speaker 3: Well, this is going to be a nationwide settlement.
• 0:38
  Speaker 1: It's Tuesday, June ninth, from the Black Effect Podcast Network.
• 0:42
  Speaker 1: I'm Memi Brown. This is Front Page and here are
• 0:45
  Speaker 1: the day's biggest stories plus today. On the two minute tape,
• 0:49
  Speaker 1: they keep telling you the economy is strong. Your bank
• 0:52
  Speaker 1: account says otherwise. Stay with me. Closing arguments began this morning,
• 1:00
  Speaker 1: Tuesday morning, in the Carmelo Anthony murder trial. After today,
• 1:04
  Speaker 1: the jury gets the case. If you've been listening to
• 1:07
  Speaker 1: Front Page, you know where we are. Carmelo Anthony, nineteen
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  Speaker 1: years old, is on trial for a first degree murder
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  Speaker 1: for the twenty twenty five stabbing death of seventeen year
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  Speaker 1: old Austin Metcalf at a Frisco track meet. Anthony has
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  Speaker 1: claimed self defense from day one. The prosecution, though, says
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  Speaker 1: it was murder. Now, let me walk you through the
• 1:25
  Speaker 1: trial and how it moved over the last few days.
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  Speaker 1: The prosecution rested its case on Saturday. Their final witness
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  Speaker 1: was the medical examiner, doctor Elizabeth Ventura. She testified that
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  Speaker 1: Austin Metcalf's stab wound went straight into his heart. She
• 1:40
  Speaker 1: testified that the wound was quote unsurvivable, but she also
• 1:44
  Speaker 1: told Juras the autopsy could not determine how much force
• 1:47
  Speaker 1: Carmelo Anthony used. Then the defense started its case. The
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  Speaker 1: defense called Anthony's football and track coach, Adam Linwood. The
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  Speaker 1: coach told the jury that it was common at track
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  Speaker 1: meets for athletes to share tints with competitor, especially during
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  Speaker 1: weather delays. He said he was unaware of any rule
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  Speaker 1: barring athletes from sitting under another school's tint. That testimony
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  Speaker 1: pushed back on the prosecution's framing that Anthony had no
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  Speaker 1: business being under the Memorial High School tint in the
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  Speaker 1: first place.
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  Speaker 2: When you are in a trial, you are sort of
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  Speaker 2: charged with one offense, but during the course of the trial,
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  Speaker 2: different things come up. Right, So maybe there's evidence now
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  Speaker 2: that a lesser offense was included, And if there is,
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  Speaker 2: then the jury deserves the ability to consider that as
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  Speaker 2: a potential sort of guilt or not guilt versus your
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  Speaker 2: charged offense. Right, Because again we know here in Texas,
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  Speaker 2: murder is a results oriented crime. Right, I intended to
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  Speaker 2: cause the result of death. If that's what you believe
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  Speaker 2: beyond all reasonable doubt, then I'm guilty of murder. But
• 2:51
  Speaker 2: if that's not what you believe, then what is something
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  Speaker 2: else that you may have heard during the course of
• 2:55
  Speaker 2: the trial that could also be true? And in this
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  Speaker 2: particular case, if we're talking about manslaughter, then you may
• 3:01
  Speaker 2: believe that I recklessly cause the death of another. And
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  Speaker 2: if that's what you believe beyond all reasonable doubt, then
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  Speaker 2: I'm guilty of manslaughter. Or you may believe that I
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  Speaker 2: acted out of self defense. I did it, you did it.
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  Speaker 2: It was intentional all of the things, but there was
• 3:15
  Speaker 2: a justification for it. And if that's the case, then
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  Speaker 2: I'm not guilty because I was acting out of self defense.
• 3:21
  Speaker 1: Closing arguments are set to begin at nine am Central
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  Speaker 1: today and after closing, the jury gets the case. The
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  Speaker 1: judge in the case has told the jury they can
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  Speaker 1: deliberate as long as they want. If they cannot reach
• 3:32
  Speaker 1: a verdict by the end of the day, they are
• 3:34
  Speaker 1: going to a hotel sequestered without their phones until they
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  Speaker 1: come back to the courthouse Wednesday morning. The trial could
• 3:40
  Speaker 1: be over by Wednesday night. The legal question is narrow.
• 3:44
  Speaker 1: Did Carmelo Anthony reasonably believe his life was in immediate
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  Speaker 1: danger when he pulled out the pocket knife? Under Texas law,
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  Speaker 1: a person is allowed to use deadly force if they
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  Speaker 1: reasonably believe the force is quote immediately necessary, and if
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  Speaker 1: the force is quote proportionate to the threat, but they
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  Speaker 1: can't be the aggressor and they can't be engaged in
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  Speaker 1: criminal activity at the time. So twelve jurors, none of
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  Speaker 1: them black, are going to weigh in whether a five
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  Speaker 1: foot eight, one hundred and thirty pound nineteen year old
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  Speaker 1: reasonably feared for his life when he was confronted by
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  Speaker 1: a six foot one, two hundred and fifteen pound seventeen
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  Speaker 1: year old whose twin brother is the same size. We
• 4:25
  Speaker 1: are watching and we will update you when there's a
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  Speaker 1: verdict if you've ever felt like buying a home was
• 4:35
  Speaker 1: harder for black families even when the numbers look the same.
• 4:38
  Speaker 1: This story is about that a federal judge has now
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  Speaker 1: approved a one hundred million dollar mortgage assistant settlement involving
• 4:45
  Speaker 1: Wells Fargo, and the money is supposed to help low
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  Speaker 1: and moderate income borrowers, especially in communities that have historically
• 4:52
  Speaker 1: faced discrimination when trying to buy a home. Now, this
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  Speaker 1: all traces back to twenty twenty two, when Wells Fargo
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  Speaker 1: came under fire. A or New York Times investigation accused
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  Speaker 1: the bank of conducting so called fake interviews with black
• 5:05
  Speaker 1: and women job applicants, interviews for jobs that allegedly were
• 5:09
  Speaker 1: never really available, just held to satisfied diversity requirements on paper.
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  Speaker 1: So that story sparked lawsuits from shareholders who said the
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  Speaker 1: bank's leadership ignored deeper problems inside the company, and one
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  Speaker 1: of the biggest accusations involved mortgage lending. Charlie Sharp said
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  Speaker 1: that the reason why we didn't have at the firm
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  Speaker 1: more qualified African Americans and leadership rules because they're not
• 5:34
  Speaker 1: out there. This is our CEO. For years, studies and
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  Speaker 1: investigations have shown black borrowers were more likely to be
• 5:41
  Speaker 1: denied home loans or approved on worse terms, even when
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  Speaker 1: they had similar financial profiles to white borrowers. The settlement
• 5:48
  Speaker 1: creates a one hundred million dollar assistance fund that can
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  Speaker 1: be used for things like down payments and closing costs,
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  Speaker 1: and more than fifty regions across the country. And if
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  Speaker 1: you've ever tried to buy a home, you already know
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  Speaker 1: sometimes it's not the monthly mortgage payment that stops people,
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  Speaker 1: it's the coming up with the thousands of dollars up
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  Speaker 1: front just to get into the door. Now, the program
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  Speaker 1: is expected to launch within the next few months and
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  Speaker 1: stay active for at least three years, and Wells Fargo
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  Speaker 1: says it did nothing wrong, but the bank agreed to
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  Speaker 1: the settlement to quote avoid the costs and uncertainty of
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  Speaker 1: continuing the lawsuit. So if you live in a low
• 6:22
  Speaker 1: or moderate income area, pay attention to this program when
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  Speaker 1: it launches. We'll keep you updated on how to apply
• 6:27
  Speaker 1: and who qualifies. Well, it's Tuesday, which means it's time
• 6:36
  Speaker 1: for the front page two minute take every Tuesday two minutes.
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  Speaker 1: One thought a little more honesty, And today we're talking
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  Speaker 1: about the gap between what the economy is doing, and
• 6:44
  Speaker 1: what your money says it's doing. You heard the Friday
• 6:48
  Speaker 1: jobs report, one hundred and seventy two thousand jobs added.
• 6:51
  Speaker 1: Wall Street called it quote hayroll blowout. But you also
• 6:55
  Speaker 1: walk into the grocery store and I'm sure you fill
• 6:57
  Speaker 1: the gap. So here's the take. If the economy is
• 7:00
  Speaker 1: so strong, why does your paycheck feel smaller? Why is
• 7:03
  Speaker 1: rent up another fifty dollars? Why is your car insurance
• 7:06
  Speaker 1: up two hundred and why does a tank of gas
• 7:08
  Speaker 1: cost what dinner used to cost. Black unemployment is seven
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  Speaker 1: point three percent. The white unemployment rate is three point
• 7:15
  Speaker 1: six percent. That is the widest gap in over a year.
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  Speaker 1: We just heard Wells Fargo's paying one hundred million dollars
• 7:22
  Speaker 1: to start fixing decades of mortgage discrimination. That sounds big,
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  Speaker 1: but one million dollars is half a percent of one
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  Speaker 1: year of Wells Fargo's mortgage business. The black wealth gap
• 7:33
  Speaker 1: in this country is estimated at over ten trillion dollars.
• 7:36
  Speaker 1: Settlements are not justice, reports are not reality, And just
• 7:40
  Speaker 1: because a stock market hits a record doesn't mean your
• 7:42
  Speaker 1: family is doing okay. So here's what I want every
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  Speaker 1: front pager to hear today. Your lived experience is data.
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  Speaker 1: The grocery bill is data, the unanswered job applications are data,
• 7:53
  Speaker 1: and the medical bills you cannot pay is data. When
• 7:56
  Speaker 1: the headlines tell you the economy is strong, but you
• 7:59
  Speaker 1: know otherwise, trust that because you're not the only one
• 8:02
  Speaker 1: feeling it. You're just the only one not quoted in
• 8:05
  Speaker 1: the report. That's your Tuesday to minute take. Let's end
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  Speaker 1: the show with something that could actually put a little
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  Speaker 1: money back in your pocket. If you've ever had a
• 8:20
  Speaker 1: Facebook account, check your email. This week, a second round
• 8:23
  Speaker 1: of payments tied to metas seven hundred and twenty five
• 8:26
  Speaker 1: million dollar privacy settlement is starting to go out.
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  Speaker 3: Well, this is going to be a nationwide settlement, involves
• 8:32
  Speaker 3: claimants from around the country. If you remember the Cambridge
• 8:35
  Speaker 3: Analytical scandal, Facebook for years was not being particularly honest
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  Speaker 3: about what information it shared with third parties, even when
• 8:46
  Speaker 3: you set your privacy settings to not share information with
• 8:50
  Speaker 3: third party So anybody who had a Facebook account from
• 8:54
  Speaker 3: if I recall correctly, May of two thousand and seven
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  Speaker 3: all the way up to the end of twenty twenty
• 9:00
  Speaker 3: two is eligible to be part of the case.
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  Speaker 1: Meta still denies any wrongdoing, but the company agreed to
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  Speaker 1: the settlement and the second round is happening because a
• 9:08
  Speaker 1: lot of people never cash the first checks. Some people
• 9:11
  Speaker 1: ignore the email, some people change bank accounts, and some
• 9:13
  Speaker 1: people thought it was spam. So now that leftover money
• 9:17
  Speaker 1: is being redistributed to people who actually cash their first payment.
• 9:21
  Speaker 1: So if you got paid the first time, you could
• 9:23
  Speaker 1: be getting another payment. Also, don't expect a huge check.
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  Speaker 1: The second payment is coming from leftover money, so most
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  Speaker 1: people will likely get less than they did the first time.
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  Speaker 1: But here's the bad news. If you never filed the
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  Speaker 1: claim originally, unfortunately, you are not eligible for the payment.
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  Speaker 1: Now that's your front page. I'm Mimi Brown. This podcast
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  Speaker 1: was brought to you by the Black Effect Podcast Network.