Wachovia acknowledges slave-owning past

News & Politics

"The mega-bank [Wachovia] is looking at its past and neither minimizing [n]or denying it profited from slavery," writes Trish. "Wachovia, whether it set out to or not, is following the Truth and Reconciliation process pioneered by Archbishop Desmond Tutu in South Africa. After apartheid, whites feared blacks would rise up and kill them all in revenge... and Tutu won a Nobel prize as a result...Wachovia seems to get it: 'We know that we cannot change the past, and we can’t make up for the wrongs of slavery...But we can learn from our past, and begin a stronger dialogue about slavery and the experience of African-Americans in our country…' Too often in this country, we deal with slavery by saying, 'Oh that was a long time ago, and I didn’t personally own slaves.'" (Pensito Review)

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ post.roar_specific_data.api_data.analytics }}
@2022 - AlterNet Media Inc. All Rights Reserved. - "Poynter" fonts provided by fontsempire.com.