Boston police arrest 24 in US bank protest

Discussion in 'Economy' started by hvactec, Oct 1, 2011.

  1. hvactec

    hvactec VIP Member

    Jan 17, 2010
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    New Jersey
    Twenty-four protesters were arrested as a vast crowd marched outside Bank of America offices in Boston, police said Saturday in the latest US demonstrations against corporate influence and greed.

    Nine men and 15 women were charged with trespassing for their part in a sit-down protest Friday afternoon, said Boston police spokesman Eddy Chrispin.

    "They were asked to remove themselves, and they opted to be arrested," Chrispin told AFP.

    Right to the City, the coalition of advocacy groups that organized the demonstration, said the event was held to protest corporate greed and to stop bank foreclosures.

    According to organizers, some 3,000 people marched outside the bank. Police did not provide a crowd estimate.

    A Bank of America spokesman dismissed the protest as part of "increasingly aggressive PR stunts," and told local media the demonstrators are ignoring the bank's efforts to help homeowners in distress.

    Bank of America, the largest US bank in terms of assets, recently announced it would lay off 30,000 employees and slash $5 billion from its annual costs by 2014 as part of a sweeping restructuring plan.

    "While the CEOs rake in millions in salary and bonuses, major corporations are laying off thousands of workers each month," Right to the City said on its website. "Enough is enough."

    The bank's stock has tumbled in recent months amid doubts about the strength of its capital base and mounting legal costs from its disastrous involvement with subprime mortgages before the 2008 financial crisis.

    The Boston protest appeared to dovetail with demonstrations in New York city, where more than 1,000 mainly young activists have been protesting for the past two weeks over the Wall Street bailout and corporate influence in US politics.

    READ MORE Boston police arrest 24 in US bank protest - Yahoo! News
  2. KissMy

    KissMy Free Breast Exam

    Oct 10, 2009
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    In your head
    Bank of America to make 13% more from debit fees than before the regulations reduced their profits.

    BofA make 13% more from debit fees

    I have had my 3 Bank of America accounts for about 30 years. If I get charged a fee I will pull all of my money & close those accounts. This will be a major hassle & it really pisses me off. All my payroll, bills, trading accounts, credit cards, eBay, Pay-Pal, etc are linked to these accounts.

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