Sept-15: The Legacy of Hate and Greed
This day is marked by the 1963 bombing of the 16th Street Baptist Church, President Johnson responding to the mass shooting at the University of Texas and the bankruptcy of Lehman Brothers.
Bombing of 16th Street Baptist Church
On this day in 19634, the KKK exploded a bomb beneath the front steps of the 16th Street Baptist Church in Birmingham. The bombing killed four young girls – Addie Mae Collins, Cynthia Wesley, Carole Robertson and Carol Denise McNair – and injured 22 others. Martin Luther King, Jr. called the bombing “one of the most vicious and tragic crimes ever perpetrated against humanity.:
From Wikipedia: Although the FBI had concluded in 1965 that the 16th Street Baptist Church bombing had been committed by four known Ku Klux Klansmen and segregationists were involved, prosecutions would not begin until 1977, when three of the perpetrators were convicted.
LBJ Calls for Gun Control Legislation after UT Massacre
Johnson called for gun control legislation after a sniper at the University of Texas had killed 17 from its clock tower. The legislation stalled until the assassinations of Martin Luther King Jr. and Bobby Kennedy propelled Congress to Act. The Gun Control Act of 1968 enacted prohibitions on the importation of firearms “with no sporting purpose.” Among the other major provisions of the GCA were the establishment of minimum ages for firearms purchasers, the requirement that all firearms (domestic and imported) be affixed with a serial number, and the expansion of the categories of prohibited persons.
Texas celebrated the 50th anniversary of the massacre by enacting open carry for college campuses.
Lehman Brother’s Bankruptcy
Lehman Brothers, the nation’s fourth largest investment bank, filed for bankruptcy. The bankruptcy was the result of a variety of factors including malfeasance and losses in the subprime mortgage market. Its collapse accelerated the 2008 financial crisis.
The collapse was depicted in the 2011 movie Margin Call.