New York Times, June 26, 2020: Opinion | Banks Should Face History and Pay Reparations
But business leaders who are serious about fighting racism will hold themselves accountable for the bitter inequities they have helped to create and sustain, and from which they have profited. Every industry must now use its power to repair the damage and heal the wounds.
The financial industry is a good place to start. Banks have been underwriters of American racism — no industry has played a bigger or more enduring role in black oppression, exploitation and exclusion. Banks financed the slave trade and in some cases “repossessed” humans in bondage.
