UEDC/ CRA Proposal

This is a summary of complaints by UAAD pertaining to JPMorganChase Bank

4/12/2006

UNITED AFFIRMATIVE ACTION DEVELOPMENT CORP (UAAD) WOULD LIKE TO ANNOUNCE A FORUM TO ADDRESS CRA, “REPARATION” AND JPMORGANCHASE BANK’S “SMART START OF LOUISIANA”. THIS FORUM WILL BE HELD AT (GSU) HOME OF GRAMBLING STATE UNIVERSITY, early May 2006.

March 9, 2006
The purpose of this forum is to discuss the following issues:

Why JPMorganChase Bank would commit a mere $5 million dollars to youths of Louisiana, and not honor such a commitment?

Why JPMorganChase Bank refuses to commit CRA, Community Partnership, Reparation, and “Smart Start of Louisiana” funds to African Americans?
(LSU a predominantly Caucasian institute was made aware of Chase Bank’s commitments to African Americans, and GSU a predominantly African American institution was not made aware by JPMorganChase Bank). http://www.uaadcorp.com

Why JPMorganChase Bank refuses to contribute to GSU in order to establish scholarships, professorships, and other educational assistance as promised since 1996 by Bank One. (Bank One did establish an educational program at the University of Louisiana at Lafayette, LA. a predominantly Caucasian institute). This project was funded by Bank One using a proposal UAAD had previously submitted to Bank One officials for GSU and the City of Grambling, LA. See: http://www.chasebankreparation.blogspot.com

Why JPMorgan refuses to commit the $800 billion dollars in CRA funds to African Americans who are the victims of slavery, rather than the majority of these “Reparation, Smart Start” CRA commitments to Caucasians as now practiced.

UAAD invites GSU students, GSU officials. City of Grambling officials, representatives of all HBUC’s, Civil Rights Leaders, Community Organizations representatives, www.moveon.com and others to join and make this forum successful.

In recent conversations with Mr. David Lewis who is the Community Affairs official for the Office of the Comptroller of the Currency (OCC) he stated that his agency and JPMorganChase Bank were willing to sponsor a forum in April at Grambling. This forum was to address the complaints UAAD had presented since 1996. (see: http://www.uaadcorp, links and Blogs.

Contact: Walter Ellis CEO UAAD/UEDC at uedcinc@aol.com , or 866 276-2294,

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