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January 26, 2007
A BRITISHER’S VIEW: The aggrieved take a low shot at Barclays Bank
Courier-Life Publications offers a spirited defense of Barclays Bank by Shavana Abruzzo, but offers none of Bruce Ratner:
Blood money?
Calm down.
...
To its credit, Barclays dissolved its relationship with South Africa’s apartheid government a full eight years before the 1994 elections, which finally quenched that country’s racist regime.To its credit, in 1999, Barclays remunerated – to the tune of millions – Jewish Holocaust victims for their suffering.
As for its dabbling in the slave trade, Barclays Bank was part and parcel of an era, which was trafficked in – plus promoted and profited from – by a vast, international rainbow of mid-18th century commercial enterprises, many of which maintain their operations on the North American Continent, today; among them, JP Morgan Chase Manhattan Bank, Lehman Brothers, RJ Reynolds Tobacco Company and Loews Corporation, to name a few.
Posted by lumi at January 26, 2007 9:35 AM