I read with interest that Wachovia Corp. has written a few paragraph letter of apology for it's subsidary companies part in slave-mongering back in the 1800's. Link
Apparently 2 banks that Wachovia bought have been shown to have accepted slaves as payment against default loans and allowed slaves to be used as collateral. Not Wachovia themselves, mind you, but companies that they bought out, long after the fact.
So, why did they write and issue the letter of apology?
To me, it seems like they were simply giving what they felt was needed, and that no real sincerity was behind it.
I don't blame them. Not in the slightest. No one working at that corporation today has directly dealt with or owned slaves, so they're really apologizing for what their ancestors, people who they're not even related to, did.
If my ancestors owned or purchased slaves, should I have to apologize for their actions? Would I apologize? I don't think that I should, and to be honest, no, I wouldn't. If my great grandfather was a rapist and a pedophile, would I be expected to constantly apologize for his actions? Is it my fault that he was a perverted bastard? No, it's not. Should I have to pay the descendants of his victims to placate them for his actions? I don't freakin' think so.
Much the same with slavery. I don't know if people are forgetting this, but it was commonplace at the time to own a slave. Much as it was commonplace a few decades ago to call people 'retards' and to think that a woman's place was at home, raising babies and keeping house. We have learned from the mistakes of the past, and we are not destined to repeat them.
This idea of a person paying for their ancestors mistakes is ridiculous. It simply perpetuates the idea that money solves everything.
Show me a person, a living person, who was enslaved, and I'll be happy to apologize to them. But to give money to their descendants, none of whom were enslaved and have never been directly affected by their ancestors slavery...to be honest, that smacks of a 'get rich quick' scheme to me.