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January 20, 2007

Big Buts For Brooklyn-Bound Barclays

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Gothamist

We wonder how interested American corporations would have been - and how much Ratner was holding out for. Given that there are many lawsuits pending and prickly feelings from the community, anyone considering to be a part of the arena would have to think a few times before committing.

While the deal makes Ratner very rich, Barclays history is being questioned. The Brooklyn Paper notes that London-based Barclays' history "is inextricably linked to some of mankind’s lowest moments," such as the 18th century slave trade, the Holocaust (freezing Jewish customers' bank accounts), South African apartheid (doing business with the government), and the civil war in Congo.

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Posted by amy at January 20, 2007 3:07 PM