Boycott student loans from 'slavery banks'!

JP Morgan Chase and its subsidiary, Bank One, are the No. 1 student loan providers in the United States. Therefore, activists are calling for a boycott of the bank's student loans, which earn JP Morgan Chase over $9 billion a year.

Three other tainted student loan banks are also included in the boycott -Bank of America, Wachovia and Fleetbank. All of them have been confronted with evidence of their role in enslaving Africans but, like JP Morgan Chase, they refuse to comply with demands to pay restitution.

The campaign, entitled "One Student," is being coordinated by the Restitution Study Group, a New York non-profit headed by Deadria Farmer-Paellmann, lead plaintiff in the lawsuit. In 2000, she launched the movement for corporate restitution for slavery when she exposed that Aetna Inc. wrote life insurance policies on the lives of enslaved Africans with slave-owners as the beneficiaries.

In 2002, she filed the landmark reparations case against corporations, which is currently on appeal. The lawsuit demands that a humanitarian trust fund be created to heal the injuries descendants of slavery suffer today as a result of slavery - i.e. urban poverty, inadequate healthcare and lost housing, employment, educational and business opportunities.

Read More
http://www.sfbayview.com/011106/slaverybanks011106.shtml