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During the 1700’s and 1800’s, the northeastern banking cartel (Boston & New York banks) controlled investment capital in the United States, just as the big “too big to fail” New York banks and investment firms do today. The northeastern banks loaned southern planters money to buy slaves and land for the slaves to work. Northern banks funded cotton and tobacco brokers. Northern ships transported the slave produced agricultural products from southern ports to supply the Massachusetts textile factories and factories in Europe. Northern insurance companies also sold life insurance to southern planters to protect their investment in slaves.

Today’s reparations grifters need to go after the big money. Sue the New York investment banks and insurance companies for financing the evils of slavery. That’s where the big money is today, not in university endowments.

A civil lawsuit against the big New York banks for their role in financing slavery should be more worthy of going to trial in New York than the Jean Carroll lawsuit against Trump for the alleged sexual assault in a department store. At least there is actual documentary evidence for the complicity of the New York financial institutions in slavery, unlike the Carroll case where there was no evidence of the event. In addition a case can certainly be made the actions of the banks actually caused harm to people, unlike the recent Laticia James fraud lawsuit against Trump for inflating the value of his properties where there was no evidence of anyone being harmed.

The drumbeat for reparations is becoming louder. The left will spend the next decade, or however long it takes, to secure slavery reparations nationally. Once the left has a cause, they will relentlessly drive to win, even if the process take decades.