Blacks Owed more than Reparations
By Kevin Palmer
In his book, A Black History Reader, Dr. Claud Anderson reported the United States owes the American descendants of slaves more than reparations. “In 1865, after the end of the Civil War, the U.S. Congress chartered Freedman’s Bank as a depository for money saved by newly-freed Black slaves and Black ex-Union soldiers.” The bank was for Blacks, not LGBTQ members, feminist white women, Mexicans, Asians, or illegal immigrants.
Anderson continues, “Congress appointed Whites to operate the banks for Blacks. The temptation proved too great and within 10 years, the Freedman’s Bank closed. White administrators had stolen all the deposits of the Black freedman, misused bank funds and rendered the banks insolvent. Approximately 70,000 Blacks deposited $57 million (adjusted for inflation) from wages, military cashing-out pay, bounty and freedom monies into Freedman’s Bank. The federal government did not prosecute the thieves or even attempt to make restitution for the losses.”
Sadly, “the Congressional Black Caucus, other elected officials, civil rights organizations, religious leaders or other prominent Black organizations have not bothered to take up the fight by assisting the descendants of the Black depositors to demand restitution for the value of their ancestor’s losses which could add up to billions.” These sellouts talk Black while marrying White and are only focused on earning their Meritorious Manumission perks.
The Black masses should expect even less from presidential candidates Kamala Harris and Cory Booker who prefer to kiss the backside of influential Whites and the LGBTQ crowd.