I apologize/Wachovia

[ls317]

It was a brief mea culpa, a few short paragraphs typed on a sheet of paper. "On behalf of Wachovia Corporation, I apologize to all Americans, and especially to African Americans and people of African descent," Chairman and chief executive G. Kennedy Thompson said after a study found that his company had purchased two banks that exploited slaves.

Wachovia revealed on June 1 that one of the banks put hundreds of slaves to work on railroads and another accepted more than 100 more as collateral on defaulted loans in the 1800s. Wachovia, one of the nation's largest banks, was required by the city of Chicago to investigate its past to participate in the redevelopment of a housing project on the city's South Side.


http://www.washingtonpost.com/wp-dyn/content/article/2005/06/19/AR2005061900694.html?nav=rss_print/asection