To the landless shareholders of ANCSA corporations - there was a recent Letter to the Editor that described being landless and belonging to the Alaska Native Land Claims Act. Signed into law in 1971, this act was to provide just compensation to all who signed up for the corporations. All were led to believe that they would be compensated in land and with money.
This is not the case in most Native corporations. All land and monies were given to the corporations. After 30 years, the shareholders have nothing to show for the ANCSA act. The 13th regional and KAKE corporation have gone into Chapter 11 bankruptcy. This was to happen to all corporations. They were set up to fail. The lawyers were to get 10 percent of the settlement off the top and white collar crime will pay for all involved in the demise of the corporations.
It has been 30 years since the act was signed by Congress. It is obvious who has gained and who has lost in this act of social engineering. Here is some information for all who are awake and interested - the declaration of rights states that no person shall be deprived of life, liberty or property without due process of law, and that the right of all persons to fair and just treatment in the course of legislative and executive investigations shall not be infringed. Of course this would apply if we all were treated equal by the state and federal government and the Native corporations.