Wachovia Corp. chairman Ken Thompson: "We are deeply saddened by these findings. I apologize to all Americans, and especially to African-Americans." Wachovia acknowledged that it "cannot change the past or atone for the harm that was done." But it promised to make amends by subsidizing the work of organizations involved in "furthering awareness and education of African-American history."
Jeff Jacoby writes about the slavery reparations shakedown being foisted on big business by pandering politicians.
Jacoby says that Thompson's apology was for something Wachovia didn't do, in an era when it didn't exist, under laws it didn't break. And as an act of contrition for this wrong it never committed, it can now expect to pay millions of dollars to activists for a wrong they never suffered.
Interesting read and, as they say, it's coming soon to a theater near you.
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