Corporate Slavery Update

Investors who visit the J.P. Morgan Chase Web site these days are finding more than the usual corporate news. The bank has posted a letter of apology and the results of an eye-opening research project that found that two of its predecessor banks had participated in the slave trade, accepting about 13,000 enslaved people as collateral for loans issued in Louisiana in the mid-19th century. When the borrowers defaulted on their loans, the banks took ownership of some slaves and presumably sold them. More...

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