Slavery and Reparations

Considering recent legislation in favor of reparations to blacks from corporations that have profited from financing slavery like JP Morgan Chase, Aetna and others, do you agree or disagree that modern African Americans deserve an apology for the wrongs committed against their ancestors during the slave trade in America? Would you consider what happened to the slaves and those 6 million or more that were lost in the Atlantic during the Diaspora a genocide? Reparations are taking place currently on the corporate level with companies like JP Morgan Chase, for example:

J.P. Morgan Chase & Company's recent apology for ties to slavery and a corresponding $5 million scholarship program it set up for black students was a "step in the right direction for a tainted corporation," but the nation's no. 2 bank has a long way to go before it has fully paid its debt to African Americans, said one of the slave-reparations movement's central figures, Deadria Farmer-Paellmann.
J.P. Morgan Chase filed a disclosure statement with the city of Chicago on January 20 acknowledging that between 1831 and 1865, two of J.P. Morgan Chase's predecessor banks - Citizens Bank and Canal Bank in Louisiana - accepted approximately 13,000 slaves as collateral for loans and ended up owning approximately 1,250 of them as a result of defaults.
The company apologized on its Web site and to employees and said it will provide $5 million over five years for full tuition for African American undergraduates from Louisiana to attend college in their home state.
The scholarship is believed to be the first time an American company has paid reparations for slavery.

It is more that their profits and stable financial climate today are a direct correlation to the financing of the slave trade and their profitting from the slave trade. The legal result of that being that they now have to pay seems to be a just result, as they are not paying individuals...but they are paying for the institution that caused the resulting levels of poverty and degradation that blacks have continued to suffer since the slave trade was ended. Did you know that there are whole towns that were raided by white citizen councils and taken from blacks after the emancipation in the south due to the advent of Jim Crow? Did you know that a large portion of the black population live 200% below the poverty level and that this is a generational occurence as a direct result of slavery? There may be opportunities now, but what needs to be considered is that equality only happened as recently as 1964 with the passage of the Civil Rights Bill because whites and white insititutions were so resistant to blacks prospering after the slave trade. Does anyone have any comment on that? What is your perspective? Do you think reparations to blacks for slavery by corporate infrastructure should be paid to black organizations? Why or why not?