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Class Warfare: Hundreds Protest Outside Bankers' Houses In DC

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posted on May, 16 2010 @ 07:54 PM
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Huge angry mobs converged outside bank employees' houses on Sunday afternoon to demand banks stop lobbying against Wall Street reform. "Bank of America: bad for America!" shouted community leaders outside the house of Bank of America general counsel Gregory Baer.

The Chicago-based grassroots organization National People's Action, in coordination with the SEIU, bused more than 700 workers from 20 states to Baer's neighborhood, one of the wealthiest corners of Washington.

The action kicks off several days of protests targeting K Street for lobbyists' role in financial reform. Baer himself apparently tried to blend in with the crowd until a neighbor outed him. The mob booed loudly as he walked into his house.

"I don't have time for you," he said, according to Trenda Kennedy of Springfield, Ill. who used a bullhorn to tell the crowd about her trouble getting a mortgage modification from Baer's bank.

Kennedy told HuffPost she'd been making reduced monthly payments thanks to a trial modification via the Home Affordable Modification Program. She said that when the bank turned her down for a permanent mod, she was told she still owed all the money she'd been paying during the trial. She said she's been notified of several sheriff's sale dates but has somehow managed to keep her home. "Every time I'm inches away from losing my house, by some miracle it's been pushed off," said Kennedy, who is a member of Illinois People's Action.

Passersby and dogwalkers smiled at the sight of people gathered all over Baer's lawn and blocking the road. Baer's neighbor from across the street won little sympathy when he angrily yelled at protesters for waking up his two-year-old daughter. Kennedy was one of several people used a bullhorn to tell their personal bank horror stories.




www.huffingtonpost.com...

Well things sure are getting interesting. I'm not sure this banker had this in mind when decided to get into a crooked line of work.




[edit on 16-5-2010 by TV_Nation]




posted on May, 16 2010 @ 08:19 PM
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OMG!!

Thank you for posting this. I love it! I hope this catches on nationwide. I really got a warm, fuzzy feeling knowing that they are specifically targeting Bank of America.
Wow. Just wow. If anyone is in the Central Florida area & wants to pay a banker a visit, please U2U me.



posted on May, 16 2010 @ 08:25 PM
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Are they going to be protesting in front of Bawney Fwank and Chris Dodd's house also. Maybe they would also like to stop by Fannie and Freddie Mac offices because these individuals and entities promoted the bad loans. If the government promotes a behavior for the banks to participate in, why should they be the only ones to be singled out?



posted on May, 16 2010 @ 08:26 PM
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It's the usual hustle... .this is a shakedown for "donations".

This crap happens all the time with the lefty organizations. They protest and rattle the cage and the "target" pays out to the organization or the "leaders".

This will go away pretty quickly once they have their palms greased.

biggovernment.com...


This group is at the very center of the real estate bubble-bust brought on by the dreaded CRA, and they are organizing an army of unions to march on Wall Street and blame the entirety of the economic disaster on the evil rich.

The first thing that you need to know about NPA is that their now-deceased leader, Gail Cioncotta, is credited in community organizing circles for authoring the Community Reinvestment Act. Her group is also credited with honing the tactic of storming into banks and occupying their lobbies.

Another thing you need to know is that in 2003, NPA’s sister organization, the National Training and Information Center (NTIC), was busted by the Justice Department for misappropriating millions of federal grant dollars from community development projects, using the funds instead to train community organizers to lobby the government. On top of that, the Justice Department found that they committed fraud as they tried to cover up their actions.

The overall purpose of the audited grant was to provide training, technical assistance, and funding to community-based organizations, and more than half of NTIC’s grant funds were awarded to these sub-grantees. Although the sub-grantees were supposed to have been selected competitively based upon their ability to run a successful community program, evidence in the grantee’s files and statements by NTIC staff revealed that the majority of sub-grantees were instead selected based upon their connection to influential lawmakers. Moreover, while a major element of the grant was to provide training to these sub-grantees and significant funds were spent for training conferences, considerable portions of these sessions were dedicated to conducting congressional lobbying visits and training sub-grantees in how to conduct successful lobbying activities. Most importantly, we believe that NTIC intentionally misled OJP and attempted to conceal its true activities. As a result of these systemic improprieties, we question the entire amount awarded, or $3,162,580.

…..

We began our audit in October 2003 and contacted the OIG Investigations Division in February 2004. Due to the initiation of the criminal investigation, we postponed reporting our results until the conclusion of the criminal investigation. The Executive Director of NTIC pleaded guilty and served his sentence related to the criminal case. As of March 2008, a civil action under the False Claims Act was pending against NTIC.

As a result of their crimes, NPA and NTIC lost their federal funding. This marginalized their organization’s influence in community organizing circles and further radicalized their remaining members. Without the federal dollars streaming in, there was no need to hide the real agenda – which is to destroy corporate America.

With the downfall of ACORN as a “respectable” brand, NPA and NTIC are stepping in to fill the void. They are “cleaning up” their look, having removed the red stars from their current logo.

Last year, together with Andy Stern and SEIU, NPA led an angry march against “greedy” bankers in Chicago.

Now, SEIU and NPA are working together with other unions to organize a series of marches and demonstrations aimed at Wall Street and capitalism. From the description of their next march:

National People’s Action (NPA), and our allies at SEIU, the AFL-CIO, and Jobs With Justice are calling for a Showdown on K Street. The big banks destroyed our economy and have hijacked our democracy. Corporate lobbyists representing the big banks paved the way to deregulate Wall Street and are now standing in the way of reforms that would protect people and strengthen our economy.

This all begs the question: did Andy Stern leave SEIU because it would look very unseemly for one of the most frequent visitors to the Obama White House to be leading unionized-angry-street-mobs against corporate America? Did Andy Stern leave SEIU to protect the Obama Administration from charges of coordinating protests in the streets of our nation?

That would be a fundamental transformation of our country - if the Executive Branch coordinated directly with unions to shake down corporations and vilify fellow Americans. A dark transformation indeed.

To quote the great Glenn Reynolds: “We are in the very best of hands.”

*For more information on NPA’s Chicago Showdown, please contact Senator Dick Durbin and/or FDIC Chair, Sheila Bair. They both addressed the group at an NPA breakfast held the morning of the protest.


[edit on 16-5-2010 by infolurker]



posted on May, 16 2010 @ 08:30 PM
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If you want real reform, you can't ask for it.

You take it or make it.

Time for public-owned banks to extend low-interest credit with fair terms to put the private cartel out of business.



posted on May, 16 2010 @ 08:40 PM
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reply to post by prionace glauca
 


Your ideas are certainly correct, but I really think they're just starting.
Just like you're climbing a pyramid, you must start from the bottom. Right?



posted on May, 16 2010 @ 08:41 PM
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Reclaim Our Democracy?


sigh i thought america was a republic? and not a democratic nation those protests signs are a bit suspicious.

Shouldn't the sign say Reclaim Our Republic?



posted on May, 16 2010 @ 08:46 PM
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Searching for Nancy Pelosi's home address .....

By the way, when did people start hating protesters? I seemed to have missed this train.



posted on May, 16 2010 @ 08:47 PM
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Originally posted by Agent_USA_Supporter
Reclaim Our Democracy?


sigh i thought america was a republic? and not a democratic nation those protests signs are a bit suspicious.

Shouldn't the sign say Reclaim Our Republic?


You'll have to excuse them & be kind. The people are waking up slowly, but surely.



posted on May, 16 2010 @ 08:53 PM
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From their website: showdowninamerica.org...





I'm a little busy tomorrow but if I can find the time I will try to go down to K Street and take some pics/video.



posted on May, 16 2010 @ 09:11 PM
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The silly thing here is that there isn't a counter movement by the bankers to show these "protesters" that their heroes are the cause of this issue to begin with.
"Social justice investment" is OVER. If anyone feels like protesting, protest this bunch of chumps.

You want change? Get rid of the socialist. They have been running the show since the 1930's.



posted on May, 16 2010 @ 09:25 PM
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reply to post by seism
 


There is a big difference between a "socialist" and somebody who believes banks that are "too big too fail" should be regulated so they do not have to ask tax payers for another bail out. The protesters are demanding reasonable regulations, while the banks want to be cowboy capitalists who can run back home to Uncle Sam when there wild gun slinging gets them into deep trouble.

If we want to get rid of socialism, let us start with Wall Street and the Big Banks. Although they are 100% capitalist when they are in the black, they become the biggest cry baby socialists when they are in the red.



posted on May, 16 2010 @ 09:26 PM
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It's nice to see people gathering around for a good cause, but in the end nothing will come from it. These people will eventually get tired of fighting and move on with their lives while the banks will continue on screwing over hard working americans.



posted on May, 16 2010 @ 09:30 PM
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reply to post by TV_Nation
 


This would be like Dodd, , Barney Fife, Reid, Pelosi, and Obama railing against Ron Paul for causing the problem.

It was forced risky loans pushed by the leftists that cause 3/5 of the problem.

I am really finding them to be VERY SICKENING.

Do you notice that the leftists in both parties, ship in people to form their protests.

In other countries they think that the Americans are a bunch of lazy bums that do not go out and riot and protest enough.

Do you know why? I think we are not as easily manipulated.

Nope, we have quiet protests, talking about how government and their cronies are causing all the problems.

Whilst we buy up all the guns and ammo we can find. You know, there has to be a saying, do you worry about the loud mouthed ones or do you worry more about the guy in the back taking notes?

America is taking notes while stockpiling weapons. Keep that in mind there Washington. Oh, and by the way leftists, we know your part in this as well.



posted on May, 16 2010 @ 09:31 PM
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Originally posted by hotpinkurinalmint
reply to post by seism
 


There is a big difference between a "socialist" and somebody who believes banks that are "too big too fail" should be regulated so they do not have to ask tax payers for another bail out. The protesters are demanding reasonable regulations, while the banks want to be cowboy capitalists who can run back home to Uncle Sam when there wild gun slinging gets them into deep trouble.

If we want to get rid of socialism, let us start with Wall Street and the Big Banks. Although they are 100% capitalist when they are in the black, they become the biggest cry baby socialists when they are in the red.


I agree and disagree. I agree because they shouldn't have been bailed out but I disagree because it should be known by now that our "loving" government made law that gave these banks a mandate to sell loans to very risky investments in the name of "social justice". These protesters aren't asking the banks to be a more responsible business, they are protesting to force them into more risky and retarded investment schemes. If the banks do what THESE people want the situation will only be aggravated.



posted on May, 16 2010 @ 09:32 PM
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Do these SEIU goons ever work?
I'm no fan of the bankers but also not a fan of Anti-capitalist union thugs staging astro turf protests.
Purple is the new brown.



posted on May, 16 2010 @ 09:36 PM
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reply to post by seism
 


I see where you are coming from in that it may be unwise to require banks to make loans to people who cannot repay them. However, the banks did not get themselves in trouble by handing out mortgages to people who could not pay them. The banks got themselves into trouble by trading in sophisticated, yet unreasonably risky financial instruments. The main thrust of bank reform is preventing banks from dealing in unreasonably risky securities like CDO's and such.



posted on May, 16 2010 @ 09:49 PM
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reply to post by hotpinkurinalmint
 


I kindly disagree. The event(s) that got the ball rolling on this was the government engendering this sort of behavior.

I suffered little as I got out of the market before it happened due to inflated and unreasonable pricing of practically everything for sale. I still do not think the other shoe has dropped. I hope that there is some form of letting this all go down less painfully, and it seems that may be the case, but if the banks give into these demands, there will be serious hell to pay for the average Joe in the street (as if he isn't already paying).



posted on May, 17 2010 @ 09:09 AM
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Originally posted by Serenedaisy
It's nice to see people gathering around for a good cause, but in the end nothing will come from it. These people will eventually get tired of fighting and move on with their lives while the banks will continue on screwing over hard working americans.


I'm sorry you feel this way. Have you not been keeping up with the news from Iceland & Australia? They're even looking to skin the US bankers alive! It's sad when another country is more ticked off at OUR banks than we are & are capable of doing more than we can.



posted on May, 25 2010 @ 10:48 PM
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reply to post by hotpinkurinalmint
 


These banks cant operate without the federal reserve, wheres the blame there? You would think all of these people that "want change" and this and that, would remember how they really felt before Obamanation.

You would think they would be pointing the finger at the fed as well. That is why this is far from a grassroots org we are seeing here. This agenda isnt for the welbeing of honest everyday people.

Bank of America did not take my taxes to bail themselves out without my concent, the government did.
People should be a little smarter with their money in the long run, I have no sympathy for them.
I also heard today on this that there are discrepancies from the responding police that DC police were on the scene but lied and was caught giving false statements.
Maybe denying that people were on the owners property while police were on scene.
Nice mob mentality though They have a good reputation for brutality as we all seen, nothing like the tea partiers.



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