Wachovia acknowledges slave-owning past

"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)

Enjoy this piece?

… then let us make a small request. AlterNet’s journalists work tirelessly to counter the traditional corporate media narrative. We’re here seven days a week, 365 days a year. And we’re proud to say that we’ve been bringing you the real, unfiltered news for 20 years—longer than any other progressive news site on the Internet.

It’s through the generosity of our supporters that we’re able to share with you all the underreported news you need to know. Independent journalism is increasingly imperiled; ads alone can’t pay our bills. AlterNet counts on readers like you to support our coverage. Did you enjoy content from David Cay Johnston, Common Dreams, Raw Story and Robert Reich? Opinion from Salon and Jim Hightower? Analysis by The Conversation? Then join the hundreds of readers who have supported AlterNet this year.

Every reader contribution, whatever the amount, makes a tremendous difference. Help ensure AlterNet remains independent long into the future. Support progressive journalism with a one-time contribution to AlterNet, or click here to become a subscriber. Thank you. Click here to donate by check.

Close
alternet logo

Tough Times

Demand honest news. Help support AlterNet and our mission to keep you informed during this crisis.