Huge crowds gathered outside of the homes of top bank officials Sunday to protest the banks' attempts to block the reforming of Wall Street. Angry crowds gathered outside of the houses of Bank of America deputy general counsel Gregory Baer and Peter Scher, a lobbyist for JPMorgan Chase. This was part of a protest campaign against K Street lobbyists.
National People's Action and SEIU bused in more than 700 people from 20 states to Baer's neighborhood, which is one of the wealthiest in Washington. People gathered outside of Baer's house chanting "Bank of America: Bad for America!" Protesters also told their horror stories to the crowd about almost losing their homes.
"Every time I'm inches away from losing my house, by some miracle it's been pushed off," said Trenda Kennedy, who is a member of Illinois People's Action.
"Bank of America came to the homes of everyday Americans when you spread predatory loans in neighborhoods across, the country, when you financed payday-lending storefronts, when your reckless behavior sent the economy to the brink of disaster, and when your bank-owned properties littered neighborhoods from coast to coast," stated a letter the group asked Baer to give to his CEO.
According to Bank of America, Baer wasn't at home during the protest.
Monday, May 17, 2010
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