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Quote by Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

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Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

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“[T]he ABCP market was built on a fatal flaw: a significant mismatch between the duration of the underlying assets (long-term) and the duration of the paper itself (short-term). While this structure is not unusual -- banks use it all the time -- the crucial difference is that banks have a strong liquidity provider in the event of a problem: the Bank of Canada. The trusts, however, were left in limbo.”

FinanceLiquidity
Book:Back from the Brink: Lessons from the Canadian Asset-Backed Commercial Paper Crisis
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“Officers like Braxton Bragg and Jefferson Davis left the army to seek their fortunes with enslaved labor farms, but Lee was the only senior officer who was actually in charge of hundreds of enslaved workers and in the U.S. Army in 1861. By the time he chose succession, Lee identified far more with the southern slaveholding class than he did with his fellow officers. He certainly spent more time managing enslaved workers than he did leading soldiers.”

SlaveryCivil WarUs HistoryChattel Slavery
Book:Robert E. Lee and Me: A Southerner's Reckoning with the Myth of the Lost Cause
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“Morrison read a news clipping about Margaret Garner while doing research for another book, and she decided to try to imagine what caused a woman to commit infanticide. What does it mean to be a mother to children who literally belong to another person?...What she created was a novel in the tradition of ghost stories, but in which the ghost represents more than just a person returning from the afterlife. The spirit also stands for the estimated sixty million people who died in the so-called land of the free during the time of enslavement.”

RacismSlaveryBelovedToni MorrisonWhite Supremacy CultureChattel SlaveryMargaret Garner
Book:Monster, She Wrote: The Women Who Pioneered Horror and Speculative Fiction
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