SLAVERY, REPARATION, KATRINA, JPMorganChase Bank

This bank’s involvement in the slave trade has promised to pay reparation in the amount of $5million dollars to African Americans in the state of Louisiana. Due to red-lining and discrimination since slavery, this bank promised to commit $800billion dollars to those who suffered from discrimination. Now they not only refuse to pay those who suffered from their using slaves as collateral, but are using the $800billion dollars to commit to Caucasians, whose descendants owned slaves.
See: http://www.uaadcorp.com

Chase Bank's Reparation & Community Partnership Commitments

JPMorganChase Bank has $800 Billion dollars in their Community Partnership commitment. To whom are these funds committed and for what purpose? $69 billion according to their statements have been committed to mostly to Caucasians and Foreigners, and limited amounts to African Americans. The Civil Rights legislation The Community Re-Investment Act of 1977 (CRA) was implemented due to red-lining and discriminatory practices by banks that effected African Americans more than any other group or gender. Chase Bank has an army of CRA officials that are there to implement their CRA commitments. These officials state that the act wasn’t meant for African Americans. see: http://www.uaadcorp.com. JPMorgan Chase Bank admitted to using Slaves as collateral during their development. For such wrong doings this bank committed $5 million dollars over a 5 year period to a certain group of African Americans in the state of Louisiana apparently as compensation for their grievous acts against humanity. See: Chase Bank’s Community Partnership, and if you are extremely computer literate, you may find this commitment under “smart start of Louisiana. Speaking to bank officials who stated they were responsible for implementing this agreement, or arrangement, indicated in a telephone conversation that they were not certain how to apply for the scholarships mentioned, the amount that had been distributed, nor any other terms of the agreement. One official whose name can be supplied stated it was a commitment JPMorgan Chase had made toward Reparation payments due to the banks past slave trade involvement.

THIS IS CHASE BANK'S COMMITMENT TO REPARATION

The Louisiana Smart Start Scholarship Program was established in 2005 as part of our commitment to the Louisiana Community. This program demonstrates JPMorgan Chase's commitment to providing opportunities to African Americans and to building communities and education. Each year, selected high school graduating seniors receive full tuition scholarships to identified colleges (listed below). In addition, the students are provided funds for books and supplies ($500 per year); a support network and career planning.
Dillard University
Grambling State University
Louisiana State University-Baton Rouge
Louisiana State University-Shreveport
Louisiana Tech University
Southern University
Southern University-New Orleans
Southern University-Shreveport
University of Louisiana-Lafayette
University of Louisiana-Monroe
University of New Orleans
Xavier University of Louisiana
Who is eligible for the scholarship?
Graduating seniors from select Louisiana high schools who are Louisiana residents are eligible. Students must be accepted to one of the twelve participating colleges as a full time student. Students must plan on majoring in one of the following fields of study: business, communications, computer science, engineering, liberal arts, or social science (life science majors are not eligible). Candidates for this program must have a minimum of a B average and minimum ACT score of 19. They must demonstrate academic achievement, financial need, motivation, flexibility, maturity, leadership, communication skills and the ability to balance numerous priorities. Legal dependents of JPMorgan Chase employees are not eligible.
What does the scholarship include?
Tuition for four years (eight consecutive semesters) towards an undergraduate degree (while maintaining 2.5 GPA for freshman year and 3.0 thereafter)$500 (per year) for books and suppliesSupport networks including mentors, peer advisors and Smart Start Program Management
How are students selected?
Students apply to the Louisiana Smart Start Scholarship Program by completing an application form, which includes:School recordsACT/SAT scoresAcademic and personal recommendationsEssays, extra curricular activities and demonstrated leadershipFinancial Aid FormPaid internships will be provided at Chase over winter break.
Applications are available from the Financial Aid offices at the universities listed above.
Application deadline is March 1, 2006. Applications are initially screened by the Scholarship and Recognition Program. Finalists are then interviewed by a JPMorgan Chase selection committee. Scholarship decisions for the Smart Start recipients will be announced mid-October.

March 12, 2006

JPMorganChase Bank’s commitment to “REPARATION”????????????
After making a commitment to “REPARATION” of a measly $5 million dollars, this bank’s intent is to distribute these substandard funds in a manner that it will benefit Caucasians and very little to African Americans. This is a similar manner in which Chase bank distributes its Community Partnership funds that should be meant for African Americans. See: http://www.uaadcorp.com. This is the manner in which JPMorganChase Bank has operated since they held slaves as collateral. JPMorganChase Bank committed $800 billion dollars in 2004 that should have been for “REPARATION”, but instead has been committed to the advancement of Caucasians. This administration and its regulatory agencies support JPMorganChase and its racist discriminatory practices. UAAD ask Move-On, Congress, to assist in ending these practices. There is no reason why these commitments by Chase and other banks in excess of $4.2 trillion dollars shouldn’t be used to assist the hurricane victims and other African Americans in need, suffering since slavery. See: http://www.bankingwhileblack.blogspot.com

March 18, 2006

PRESS RELEASE

JPMorganChase Bank agrees to pay $5 million dollars reparation for slave trade involvement.
UAAD would like to announce that after 10 years of negotiations with Bank One there is a possibility an agreement will be arranged to facilitate a Business Development Center and other educational programs at Grambling, Louisiana home of Grambling State University (GSU).
UAAD intends to negotiate with Chase Bank a CRA agreement in order that they may carry out their CRA commitment of providing in excess of $800 billion dollars to low-income, moderate income individuals. Our efforts in the state of Louisiana is to insist that at least $69 billion dollars be committed to the low-income, moderate income to include African Americans in this state. UAAD’s purpose is to insist that Congress who passed the Community Re-Investment ACT in 1977 as Civil Rights Legislation should insist that the FDIC and its regulatory agencies enforce this regulation as it was intended as civil rights, and cease the process of reverse robin hood policies that are presently practiced. (Seehttp://www.uaadcorp.com.)

In 2005 JP Morgan Chase Bank agreed to commit $5 million dollars to high school graduates of Louisiana schools for scholarships. This commitment and apology was a penalty for JP Morgan Chase Bank’s involvement in the slave trade. This amount was considered as reparation. UAAD and others ask that JP Morgan make the $800 billion dollars a commitment to reparation. UAAD ask that Chase Bank make at lest a 5 year commitment to the state of Louisiana of $69 billion dollars, a similar amount they have committed to other than African Americans in predominately white neighborhoods. See: http://www.chasebankreparation.blogspot.com )

UAAD with the assistance of community organizations, Civic leaders, and student bodies that are available at HBUC’s in particular, with minority banks and Chase Bank’s co-operation will help alleviate poverty and create circumstances where we all can achieve economic parity that will benefit society as a whole.

HOW THE DEFICIT CAN BE REDUCED by $4.2 TRILLION

This can be accomplished by our nation’s banks entering into agreements as suggested by the COMMUNITY RE-INVESTMENT ACT of 1977 (CRA) and a commitment to provide funds to African Americans and others as intended under this civil rights legislation. These commitments are now being made to the majority rather than the minority and those this act was not intended. See: http://www.uaadcorp.com / http://www.uedcinc.com/id12.html http://www.uaadcra.blogspot.com

March 11, 2006
UAAD’s interpretation of Chase Bank’s Reparation Initiative “SMART START”
JPMorganChase in 2005 made a commitment to the Louisiana Community. This commitment according to Chase officials was made due to this Bank's participation in the slave trade where they used slaves as collateral. Upon asking how the funds provided to the bank’s reparation are being distributed it was stated this information could be obtained on Chase’s web site. These officials were not sure how to get to the proper page. When asked how a high school graduate could obtain the necessary application to apply for this scholarship, it was indicated that they would have to apply at the various Universities in the state of Louisiana.
The following is JPMorganChase Bank’s $5 million dollar reparation commitment:
After speaking to Chase officials this date United Affirmative Action Development Corp (UAAD) officials met with officials in Grambling State University’s (GSU) Finance Department and could find no one familiar with this program. See http://uaadcorp.com.
Chase Bank’s officials were contacted in Baton Rouge who administers this program. This official indicated that the program had been in place prior to Katrina, and her supervisors were trying to devise a plan to use these funds for the Katrina victims and had not yet notified her of how the funds were going to be dispersed.
UAAD filed several complaints regarding matters where Chase Bank fails to meet the needs of the African American community. Under 12CFR25.43 such complaints should be entered in each and every branch in the state of Louisiana where Chase Bank operates. After speaking to Mr. David Lewis the Community Affairs official for the Office of the Comptroller of the Currency, UAAD has asked that this and other complaints be entered in the Chase Bank’s branches public file.

March 11, 2006
CHASE BANK’s REPARATION & COMMUNITY PARTNERSHIP COMMITMENTS
JPMorganChase Bank has $800 billion dollars in their Community Partnership commitment. To whom are these funds committed and for what purpose? $69 billion according to their statements have been committed to mostly to Caucasians and Foreigners, and limited amounts to African Americans. The Civil Rights legislation The Community Re-Investment Act of 1977 (CRA) was implemented due to red-lining and discriminatory practices by banks that effected African Americans more than any other group or gender. Chase Bank has an army of CRA officials that are there to implement their CRA commitments. These officials state that the act wasn’t meant for African Americans. see: http://www.uaadcorp.com.
JPMorganChase Bank admitted to using slaves as collateral during their development. For such wrong doings this bank committed $5 million dollars over a 5 year period to a certain group of African Americans in the state of Louisiana apparently as compensation for their grievous acts against humanity. See: Chase Bank’s Community Partnership, and if you are extremely computer literate, you may find this commitment under “smart start of Louisiana. Speaking to bank officials who stated they were responsible for implementing this agreement, or arrangement, indicated in a telephone conversation that they were not certain how to apply for the scholarships mentioned, the amount that had been distributed, nor any other terms of the agreement. One official whose name can be supplied stated it was a commitment JPMorganChase had made toward Reparation payments due to the banks past slave trade involvement.
See: http://www.uaadcorp.com UAAD was also told on this date that in order to obtain a scholarship the student would have to apply at one of several Universities in Louisiana, all who would be listed on Chases web site. After speaking to these officials members of UAAD contacted student finance at GSU and discovered that no one at the college knew anything about the program and commitment by JPMorganChase Bank. It was also discovered that Chases officials who did know about the program indicated that funds and awareness was not made available by her supervisor due to Chase Bank officials attempting to figure out a way to funnel these funds to the hurricane victims, rather than the original intended victims.
UAAD intend to submit the above as an additional complaint to Mr. David Lewis the Community Affairs Officer of the Office of the Comptroller of the Currency (OCC) and ask that he investigate or ask the appropriate agency to investigate this and other complaints. We also ask President Bush who this agency falls under to address this complaint. UAAD ask Congress to allow UAAD and other Community and Civil Rights organizations to set hearings on these matters. UAAD ask that Congress pressure the Republican controlled committees to allow these community organizations to be heard while hearing the Katrina hurricane victims. The main purpose and the urgency of UAAD to be heard by congress and others is to simply explain how the trillion of dollars our nations banks have in their CRA, Community Partnership funds should and can be used to assist the Katrina victims as these funds should have been utilized since slavery.

March 9, 2006
The cause of poverty prior to Katrina
CNN is doing a fair job of exposing racism and discrimination in America. United Affirmative Action Development Corp (UAAD) a 501c3 could use your and others assistance in exposing our nation’s banks predatory lending and red-lining practices which has been the major contributor to this problem. With proper exposure and investigation it is believed that banks will be persuaded to provide the necessary assistance long past due African Americans in particular. http://www.uaadcorp.com/
The discriminatory practices of regulatory and law enforcement agencies helped to create the conditions African Americans were exposed to in New Orleans in particular. When a few thousand Enron employees, the majority being Caucasian were harmed, our Justice Department spent millions of dollars and thousands of man hours protecting the interest of those in need. For the good of society all citizens should and deserve such protection. When JPMorgan Chase Bank admits to using slaves as collateral, and are allowed to continue predatory lending practices after such crimes, rather than prosecution they are protected by The FDIC and OCC. Regulations enacted under civil rights benefiting African Americans are seldom enforced.
(see: and http://www.bankwhileblack.blogspot.com/.)
Walter L. Ellis CEO of UAAD

March 8, 2006

$4.2 trillion dollars of assistance available to Hurricane and other red-ling victims!
Our nation’s banks has this amount and more reserved in their CRA commitments that should have been used to keep African Americans out of poverty, but instead used as usual in Reverse Robin Hood fashion to assist those least in need. Such violations exists with the support of this administration and its compassionates. (see: http://www.uaadcorp.com. http://www.uaadcra.blogspot.com http://www.uedcinc.com/id12.html