FROM DIVESTMENT TO REINVESTMENT Baltimore campaign links apartheid, redlining
by Patrick Bond, Dollars & Sense
Boston, Massachusetts, United States
Dollars & Sense
Article that was published in the June 1987 issue of Dollars & Sense magazine. The article says there may be no more powerful institution in Baltimore than the Maryland National Bank (MNB); there may be no more authentic symbol of power in the city than the Board of Trustees of the John Hopkins University; last summer, Hopkins students and community and labor organizations discovered thay has a mutual interest in tackling there two giants; the community organizations wanted the bank to invest in Baltimore's low-income neighborhoods; the students’ primary goal was to force both Hopkins and MNB to divest their holdings in South Africa. The article discusses the Maryland Alliance for Responsible Investment (MARI), low-income housing, theUnited Nations Centre Against Apartheid, Congress, sanctions, Senator Charles Mathias, lending, trade finance, the School for Advanced International Studies, Bishop Desmond Tutu, divestment, firebombing of a mock South African shanty, trustees, the Maryland Citizen Action Coalition, the AFL-CIO, the NAACP, Baltimore Neighborhoods Inc., the Northwest Baltimore Corporation, American Securities Corp., the Community Reinvestment Act, Senator Bill Bradley, Georgetown University, the Student Coalition Against Apartheid and Racism, the Federal Reserve Board, Citibank, Morgan State University, Towson State University, the University of Maryland, protesters, Sovran Bank, and North Carolina National Bank.
Used by permission of Patrick Bond.
Collection: Private collection of Patrick Bond