Just to follow up.....

"The younger generation will never fully realize the risk we ran, and the sacrifices we made to free our beloved Southland from the hated rule of the “Carpetbagger,” the worse negro [sic.] and the home Yankee. Thank God, our work was rewarded by complete success. After the order grew to large numbers, we found it was necessary to have someone of large experience to command. We chose General N. B. Forrest, who had joined our number. He was made a member and took the oath in the Room No. 10 of the Maxwell House at Nashville, Tennessee, in the fall of 1866, nearly a year after we organized at Pulaski. The oath was administered to him by Captain John W. Morton, afterwards Secretary of State, Nashville, Tennessee.[9]"

In this case the term carpetbagger means war profiteer. So I can see why the KKK and south were against them, but to make it seem like the KKK was anti-carpetbagger and not racist is just dumb.