Ties To Slavery Could Cost Firm City Contract

The chairman of the City Council’s black caucus said Friday he will ask the council to void a housing financing deal with a unit of Wachovia Corp., charging that the company lied earlier this year when it denied any historical ties to slavery.

“I think they ought to be punished, and I think we ought to send a message so that anybody else who comes here has got to tell the truth,” said Ald. Ed Smith (28th). “It is a message to everybody else; if you lie, you are out.”

{snip}

An apology by Wachovia’s chairman on Wednesday did little to satisfy unhappy aldermen.

{snip}

More on this story.

Original article

(Posted on June 7, 2005)

---

Comments

Post a Comment

Commenting guidelines: We welcome comments that add information or perspective, and we encourage polite debate. Statements of fact and well-considered opinion are welcome, but we will not post comments that include obscenities or insults, whether of groups or individuals. We reserve the right to hold our critics to lower standards.

Name (optional):

Email Address (optional):

Remember Me? Yes No

Comments (you may use HTML tags for style)