Como esta la tamalada raza? means how does it go here? Meaning what is the usual conduct/or way of doing things. It could also mean what is up. This term is mostly used by the tanfi club stemming from calexico, ca which is composed largely of mexicans.
As someone walks into a house or a meeting place they can say to the others who are already there, "Como esta la tamalada raza?" as a way of greeting or as a way of knowing what is going on in this place.
This came from using Spanish and English. Or Spanglish. Como estàs means "How are you?" And everyone knows frijoles are beans. And when you put it together... Como estàs fijole"or "Como sta Frijole." for short, it's means HOW YOU BEAN?
When I got to work this morning I greeted Hector and Pablo with "Como estàs frijole?" And they replied "fijole bueno". Or that they are "Bean Good" or doing fine.