One witness said banks have yet to address the harm they did during slavery
Banks should fund community development in Black communities, support the education of the next several generations of Black students and take other steps to atone for the role they played financing and supporting slavery in America, witnesses told a House committee hearing organized by Democrats on Wednesday.
The House Financial Services Committee held a hearing on “The Role of Financial Institutions in the Horrors of Slavery and the Need for Atonement,” which could be the final hearing led by Chairwoman Maxine Waters, D-Calif., before Republicans take control of the House in January.
William Darity, a professor of public policy at Duke University, said the slave trade was a major contributor to the growth of the U.S. financial sector, and said slavery is why Black families are so far behind White families when it comes to household net worth. Darity said a 2020 study says the average White household net worth is $840,000 higher than net worth for Black families and said bridging that gap would be expensive.
This might make sense if there were any currently living slaves to get the reparations.
This might make sense if there were any currently living bankers that did business with any currently living slave-owners – or currently living slaves.
Otherwise, this is a wealth transfer to individuals/groups that were NOT personally impacted.
Democrats can go to hell with their RACISM !!!!
How far will they go back , some black people owned slaves
NO slave owners White or Black Alive today so you can’t punish ANYONE today for Slavery !!!!!
You don’t get to Blame people who were NOT even Born back then !!! HELL NO
1:04 said it well!
Always looking for free money or free anything.