What does President Bush’s Family, JPMorganChase Bank have in common?

Both were involved in the slave trade. See: http://www.uedcinc.com/
And you can see how Chase Bank was involved.
See: http://www.hst.org/index.cgi/1633, and see how the Bush family was and are involved.
This may better explain why President Bush whose administration is in direct charge of the FDIC/OCC continues to support the discriminatory practices of these federal agencies that regulate our nation’s banks. See: http://www.uaadcra.blogspot.com/

In 2004 JPMorganChase Bank apologized for it’s involvement in the “Slave Trade”, but yet continues its predatory practices. President Clinton whose family was not accused of being involved in the “Slave Trade” did apologize on the part of America. This ‘son of a bush’ not only will not apologize for his families involvement, but instead make matters worse by appointing “Racist” Judges, Attorney Generals, and supporting those who discriminate whenever and wherever possible. The KATRINA Victims low, moderate-income to include African Americans suffering due to the conspiracy of JPMorganChase Bank, FDIC/OCC, will continue only and if we IMPEACH Bush, who is the principle contributor. President Bush often speaks about human rights violations in China and elsewhere, but ignore his and this country’s obligation to human rights. See: http://www.outbush2005.blogspot.com/ http://www.bankwhileblack.blogspot.com/
http://www.thefemastory.blogspot.com/ / http://www.justiceforblacks.blogspot.com/

Walter L. Ellis CEO UAAD/UEDC uedcinc@aol.com / http://www.uaadcorp.com/ / http://www.moveon.org/

PRESENTATION GSU 9/20/06
“ECONOMIC PARITY”

Walter Ellis CEO / Founder United Affirmative Action Development Corp / UAAD, a 5013c non-profit.
Also CEO and founder United Equity Development Corporation / UEDC, a for-profit Louisiana Corporation.
Both Corporations founded in 1995/1996 while participating in a CRA agreement with Premier Bank, a Louisiana Bank.

CRA stands for the COMMUNITY RE-INVESTMENT Act of 1977, often stated as the most important Civil Rights Legislation ever passed by Congress.
It was passed due to the extreme discrimination, predatory lending, and red-lining practiced by our nation’s banks.
The FDIC/OCC who regulate the banks and who are the enforcer of these regulations suggest that banks enter in into CRA agreements with COMMUNITY Organizations in order to better serve the low-moderate income community.
It is suggested that banks commit up to 10% of their assets toward CRA contributions. These contributions can be negotiated by way of low interest loans etc. Only under CRA can a bank negotiate a loan below prime rates.
Other compotants, such as low interest business development loans, Block Grants etc.
In 1977 BofA negotiated a $350 Billion 4% interest commitment to ACORN for 10 years, for HUD housing development.

In 2004 JPMorganChase Bank committed $800 Billion dollars to their Community Partnership that they don’t like to call CRA for a variety of reasons. Out of this commitment they indicate on their web-site that they have dedicated $69 Billion to various organizations and individuals. An investigation will reveal that the majority of that $69 BILLION was committed to Groups, and Organizations that were not people that look like Us.

“SMART START of Louisiana” $5 Million commitment? (David Lewis)
($8 Million request for GSU 0404/06)?
How I believe we should look at the total commitments of all our nation’s banks which exceeds 4.2 Trillion dollars to date. These are normally 10 year commitments beginning April 2004. These commitments were or should have been made to African Americans in particular. The CRA act was implemented and passed in 1977. It would appear that since few banks have committed little or none of there funds to African Americans, that without interest they would owe this Community approx. 12 Trillion dollars.
In UAAD’S opinion CRA commitments should be a form of REPARATION for Descendants of Slaves. It was always meant as a penalty that Congress meant the banks to pay for their past transgressions.
JPMorganChase Bank with an $800 Billion total commitment closed both my business accounts, barred me from all their facilities throughout the US, simply because I asked them on behalf of UAAD to consider:
Allocating approx. $80 Billion for the next 5years, for Business Centers development, using HBUC’s for education and development.
Enter into a CRA agreement with UAAD and a Coalition of Community Organizations to negotiate low interest loans, block grants etc.
Negotiate an AFFINITY CREDIT Card agreement with this Group.

Understanding the reasons this Act ineffective due to:
If we don’t ask, the banks will not tell.

OCC/FDIC Prime purpose and goals are to protect the interest of the banks; therefore they will not be involved in any benefitual manner in complaints, especially if you are a Person of Color.
The Bush administration which is the overseers of the regulatory agencies, and whose Father is said to have had a long involvement with the Federal Reserves who allocate and loan monies to banks utilize such power to create “One World Order”, keeping Black Folks in poverty, never to receive Reparation form this Government. And since the Federal Reserves practically own and control the banks they are going to do their best to see that the banks have to abide by the regulations set by Congress, but the “loop hole” is that they must use “prudent banking practices” when carrying out their CRA obligations. That is to say if a low-income, poverty stricken Black Man come to your bank and ask you for a loan, and if he can’t prove that he meet the requirements with a line of credit, the bank is in compliance by not making such loans, as JPMorganChase practices this date the year 2006.
The OCC/FDIC also advise the banks, as Mr. David Lewis The Regional Director of the OCC advised UAAD and Mike Scott the VP of CRA the State of Louisiana recently that the bank was not required to enter into CRA agreements or arrangements unless they chose to do so.
Without Chase Bank entering into a CRA agreement the above mentioned Black Man, to make it short you can call him Walter, has no one to present his case whether discrimination, predatory lending existed or not.
I was told by Mr. Peter Barrett the Republican Council for one of the Financial Committees when lobbying Congress in January this year that the reason this act?? CRA was still a regulation was due to no one attempting to make it effective. He mentioned that the Democrats have tried, and they are not going to take a chance again as long as the Republicans are in Control of Congress.
Solution:
UAAD ASK ALL AFRICAN AMERICANS TO BOYCOTT JPMorganChase Bank in LOUISIANA.

UAAD believe that most other banks in Louisiana are willing to provide banking services and begin adhering to CRA. Chase Bank’s Vice President of CRA Mike Scott stated African Americans were not included in The Civil Rights Act CRA, created due to banks’ predatory, and discriminatory practices in minority communities, the majority of that minority being African Americans.
An effective BOYCOTT of Chase may influence other banks in Louisiana and else where to negotiate reasonable agreements as suggested under the COMMUNITY RE-INVESTMENT Act of 1977, CRA. It is apparent that Congress, the OCC/FDIC is not going to assist most African Americans. See:

http://www.unitedaffirmativeactiondevelopmet.com
http://www.chasebankreparation.blogspot.com
http://www.cra-uaad-neworleans.blogspot.com
http://www.bankwhileblack.blogspot.com
http://www.uedcrabank.blogspot.com

A Civil Right Activist once asked me how I was going to accomplish my goals when Politicians openly relate that they can buy all the votes needed in the Black community for a dollar a vote by giving the NEGRO Preacher one dollar for each member in his church. By the same token it appears most of the time that financial institutions can get off cheaper.

JPMorganChase Bank made a commitment to African American community that they would pay REPARATION to Louisiana Negroes a total amount of $5 Million dollars, while having $800Billion dollars in their Civil Rights contributions funds CRA.

On April 4, 2006 UAAD met at Chase Banks main branch in Ruston, LA to discuss how our non-profit and others we were affiliated could assist JPMorganChase Bank in carrying out its commitment(s) under CRA. (See: http://www.uaadcorp.com, along with various links and blogs.)

BOYCOTT JPMorganChase Bank
The short term and immediate goals of United Affirmative action Development Corp/ UAAD is to seek financial assistance for the Katrina victims on the Gulf Coast, utilizing the provisions of the COMMUNITY RE-INVESTMENT Act of 1977, CRA.

The long term goal of UAAD is to see that Banks provide services as intended under this Civil rights Legislation CRA, or an attempt will be made to drive banks such as JPMorganChase, Whitney Bank out of Louisiana, in order that they may serve their constituents in the “RED” states where they feel at home.

UAAD ASK ALL AFRICAN AMERICANS TO BOYCOTT JPMorganChase Bank in LOUISIANA.

Most other banks in Louisiana stated they were willing to provide banking services and begin adhering to CRA. Chase Bank’s Vice President of CRA Mike Scott stated African Americans were not included in The Civil Rights Act CRA, created due to banks’ predatory, and discriminatory practices in minority communities, the majority of that minority being African Americans.

An effective BOYCOTT of Chase may influence other banks in Louisiana and else where to negotiate reasonable agreements as suggested under the COMMUNITY RE-INVESTMENT Act of 1977, CRA.
See: http://www.chasebankreparation.blogspot.com
http://www.bankwhileblack.blogspot.com
http://www.uedcrabank.blogspot.com

Chase Bank apologizes for "SLAVE TRADE", promise "REPARATION", then fail to pay!

Why JP Morgan/Chase/Bank One should be indicted and face criminal charges, possibly in violation of the RICO Act for red-lining, and discrimination against African Americans, in Louisiana in particular. See the following website and blogs: http://www.unitedaffirmativeactiondevelopment.com / http://www.uedcrabank.blogspot.com/ UNITED Affirmative Action Development Corp (UAAD) / United Equity Development Corporation a for profit would appreciate your support in our complaint. SEE: http://www.chasebankreparation.blogspot.com http://www.MoveOn.com

177. "REPARATION", "Smart Start",according to Chase Bank are the same

JPMorganChase Bank in 2004 apologized for their involvement in the slave trade and promised to provide a mere $ 5 million dollars for what they called “smart start of Louisiana”. This was their contribution. The information regarding how to seek these scholarship funds were hidden in Chase’s web pages. The only university that appeared to be aware of such funds was LSU, a predominately white institution in Louisiana, with HBUC’s having no awareness of such funds until the offer expired, March 1, 2006. JPMorganChase Bank has held back funds that should have benefited the Katrina victims and African Americans where they serve or should serve. JPMorganChase Bank should be penalized not only for their involvement in the slave trade, but also for the following: see: http://www.uaadcorp.com

Scores (14) 92% AGREE

232. 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.

Scores (9) 77% AGREE

227. 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
Scores (8) 75% AGREE

2/28/06

Conversation today with Mr. Lewis that there is a good possibility of implementing and getting funding our proposed programs at GSU and other HBUCs. This proposal is to establish a chair, a business center, scholarships and other educational benefits for the community.

I received a call from Mr. David Lewis who represents the OCC compliance in the southern area. His request was that I hold of my complaints, and he would assist in our organization getting the necessary funds to promote our CRA activity proposals. He indicated the HBUC's and similar programs would more than likely be supported by the OCC and banks. He basically asked if I would set aside the protest and complaints, he would probably be able to convince the bank(s) to service the needs of the community. I will be in contact with Mr. Lewis in the next few days arranging a meeting (forum) at Grambling State University between April 3-6, 2006. I would ask your assistance in arranging this forum if available. I believe this will be an opportunity to present and place worthwhile programs in the community. Your organizations assistance will help make these programs the success they deserve.
Thanks
Walter L. Ellis CEO UAAD
See: http://www.uaadcorp.com and http://www.uaadcra.blogspot.com

Two & one half hours of wasted time with JPMorganChase Bank Officials & OCC Official David Lewis
April 4, 2006

This a memorandum of a meeting held today at Chase Bank in Ruston, LA with Chase Bank officials and Mr. David Lewis of the Office of the Comptroller of the Currency (OCC). You would have to hear a recording of this gathering to believe how a group of adults could attempt to con another intelligent human being.
Others present had their own personal agenda including Mr. Lewis of the OCC, who was more interested in protecting the interest of the bank and neglecting all interest of those Chase Bank and the OCC should protect.
Some others who were invited to express and seek assistance for UAAD’s goals apparently had their own interest at heart and presented a hindrance rather than assistance.
The purpose of this meeting was to ask me, Walter Ellis the CEO of UAAD, A 504c3 non-profit to end my complaints against Chase Bank and the OCC in order that an agreement could be negotiated to help UAAD’s associates. This meeting this date was a dismal failure. It is my intent to pursue my complaint asking Congress to hold a hearing regarding CRA and to also file a complaint with the Justice Department asking the DOJ to take action against both JP Morgan Chase Bank and OCC officials. I also ask that all past complaints be put in the public files including Ms. Sanders asking Kasandra Brown, a reporter from the Ruston Leader newspaper, Mr. Monroe Quigbly and myself to leave the premises after first offering office space and later denying same.
I ask that Mr. Lewis’ supervisor contact me and others present in order to make an official complaint against Mr. Lewis.
We also ask also for the chain of command in writing in order to file these complaints in a timely manner. Our urgency is that until and unless someone take drastic action against JP Morgan Chase Bank who refuses to allocate monies promised for their involvement in the slave trades and refusing to disclose why they can commit what should be reparation (CRA) commitments to African Americans as they do so to Caucasians as indicated in their Community Partnership proposals. UAAD has asked Bank One and now Chase Bank for the past ten years to treat African Americans as they do others. The inequality of present day treatment is little different than the treatment this and other banks treated my dad who was born into slavery. See: http://www.chasebankreparation.blogspot.com

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