Showdown with Bank of America
Massive Protests at BofA Shareholder's Meeting To Demand An End to Foreclosures, Tax-Dodging and Environmental Damage
On Wednesday May 9th, hundreds of people from a broad coalition of workers, seniors, families fighting foreclosure, students, the unemployed, environmentalists, and more converged in Charlotte - the Wall Street of the South - to protest Bank of America’s annual shareholder meeting.
Inside and out, the 99% made their presence known. Take a look as we 'mic checked' Bank of America CEO, Brian Moynihan:
Sign up for email alerts and learn how you can take on 1% CEOs this summer...
This mass mobilization comes on the heels of a string of Bank of America scandals, including the consumer uprising against debit card fees, and settlements for robo-signing and predatory lending practices. BofA is continuing this abominable record by considering new checking account fees to make even more money off the 99%. Meanwhile the foreclosure crisis they helped cause is deepening as is the environmental crisis they contribute to by being the #1 investor in the coal industry. Also on May 8, 99% Power will have actions at BOA offices across the country, including Boston, New York, Detroit, Chicago, and Providence.
Chip in $5 and build the 99% movement to directly confront 1% CEOs all summer long.
The 99% Power Coalition is coming to Bank of America to demand the bank:
- Pay its fair share. Stop draining government of revenue. Pay the statutorily required 35% corporate income tax instead of gaming the system through off-shore tax shelters, loopholes, and scams.
- Stabilize the housing market and revitalize the economy. Reduce principal for all underwater homeowners to current market value. This would end the foreclosure crisis, reset the housing market, pump billions of dollars back into the economy, and create 1 million jobs a year.
- Fund the future, not dirty coal. Stop financing for the coal industry and shift the balance of energy financing to support renewable power generation that is less threatening to our environment and health.
- Invest in American jobs. Invest in small businesses, the main source of jobs in the U.S.
Photos and stories from the day:
Sign up for email alerts and hear how you can take on the 1% this summer:
PRESS
Charlotte Observer: http://www.charlotteobserver.com/2012/05/09/3228961/protesting-bank-of-a...
WBTV Photo slideshow: http://www.wbtv.com/slideshow?widgetid=52225
Rigntnow.io: http://www.rightnow.io/breaking-news/bankvsamerica-99power_bn_1336568616...
Huffington Post: Bank Of America Protests Begin At Shareholder Meeting
http://www.huffingtonpost.com/2012/05/09/bank-of-america-protests-_n_150...
CNN Money: Occupy Bank of America? Big protest expected
http://money.cnn.com/2012/05/08/markets/bofa-protests/
McClatchy News Service: Protesters rally against Bank of America
http://www.thetimesnews.com/articles/bank-55182-police-tryon.html
Huffington Post: Occupy Bank of America Protest Foreshadows Democratic Convention
http://www.huffingtonpost.com/2012/05/08/occupy-bank-of-america-democrat...
Reuters: Protesters Targeting BofA's Annual Meeting
http://www.foxbusiness.com/industries/2012/05/09/protesters-targeting-bo...
Charlotte Observer: 4 arrested at Bank of America protest
http://www.charlotteobserver.com/2012/05/09/3227345/bofa-shareholders-pr...
Charlotte Business Journal: Bank of America meeting attracting nearly 1,000 protesters
http://www.bizjournals.com/jacksonville/news/2012/05/08/bank-of-america-...
Charlotte Observer / McClatchy News: Bank of America Braces for Dual Onslaught From Shareholders, Protesters
http://www.loansafe.org/bank-of-america-braces-for-dual-onslaught-from-s...
WFMY 2 News: Protesters Plan Rally Outside Bank Of America HQ In Charlotte
http://www.digtriad.com/news/article/228142/57/Protest-Planned-At-Bank-O...
Reuters: Demonstrators targeting BofA annual meeting
http://www.reuters.com/article/2012/05/09/bankofamerica-meeting-idUSL1E8...
WSOC TV: Hundreds of protesters gather outside BofA, shutting down streets
http://www.wsoctv.com/news/news/local/protesters-expected-outside-bofa-s...
Reuters: Protesters voice anger outside BofA annual meeting
http://www.reuters.com/article/2012/05/09/us-bankofamerica-meeting-idUSB...
Independent Online: http://www.iol.co.za/business/international/protesters-voice-anger-outside-bank-of-america-meeting-1.1292954
Associated Press: 5 protesters arrested outside of Bank of America's shareholders' meeting in North Carolina
http://www.therepublic.com/view/story/a644bc825b814167b96bf723d09e0e20/N...
WLNE ABC 6 News: http://www.abc6.com/story/18241718/5-people-arrested-at-bank-of-america-...
NCEN: http://www.necn.com/05/09/12/5-people-arrested-at-Bank-of-America-dem/la...
Montreal Gazette: http://www.montrealgazette.com/business/Bank+America+meeting+draws+prote...
Washington Post: http://www.washingtonpost.com/business/5-protesters-arrested-trying-to-e...
WCTI 12 ABC News: Groups Gear up for Bank of America Demonstration
http://www.wcti12.com/news/31032757/detail.html
Chicago Tribune: http://www.chicagotribune.com/business/sns-rt-us-bankofamerica-meetingbr...
WXEL: http://www.publicbroadcasting.net/wxel/news.newsmain/article/0/0/1927977...
NEWS.GNOM.ES: Demonstrators targeting BofA annual meeting
http://news.gnom.es/business/demonstrators-targeting-bofa-annual-meeting
Wall Street Journal Blog: Bank of America Annual Meeting Starts Amid Protests
http://blogs.wsj.com/deals/2012/05/09/bank-of-america-annual-meeting-sta...
Real News: Coal to Foreclosures: Bank of America Protest
http://therealnews.com/t2/component/hwdvideoshare/?task=viewvideo&video_...
Daily Journal: 5 protesters arrested trying to enter Bank of America shareholders' meeting in North Carolina
http://www.dailyjournal.net/view/story/1232dc46e6104a40addb1f81b76eb427/...
Police containing BofA protestors in uptown Charlotte, 5 arrested
http://www.wbtv.com/story/18220051/bofa-protestors-gear-up-for-sharehold...
WCNC TV 36: 5 protesters arrested during BofA rally
http://www.wcnc.com/news/local/BofA-shareholders-protesters-to-converge-...
WCNC TV 36: Raw video: Amy Cowman from the middle of the protest
http://www.wcnc.com/video/raw/bRAW-VIDEOb-Amy-Cowman-reports-from-the-mi...
McClatchy-Tribune Winstom-Salem Journal: 4 arrested at Bank of America protest
http://www2.journalnow.com/news/2012/may/09/4-arrested-bank-america-prot...
Bloomberg: Bank of America CEO Faces Shareholder Ire Amid Protests
http://www.bloomberg.com/news/2012-05-09/bank-of-america-meets-sharehold...
The Charlotte Observer: Protesters Rally Against Bank of America
http://www.loansafe.org/protesters-rally-against-bank-of-america
Charlotte Observer: Six arrested at Bank of America protest
http://www.charlotteobserver.com/2012/05/09/3227345/bofa-shareholders-pr...
Go Banking Rates: Occupy Bank of America: Advocate Group Protests Bank Foreclosures
http://www.gobankingrates.com/mortgage-rates/occupy-bank-america-advocat...
Firedoglake: Bank Vs. America – Protests Outside, Inside BofA Shareholder Meeting
http://news.firedoglake.com/2012/05/09/bank-vs-america-protests-outside-...
LA Times: Occupy group to protest foreclosures at Bank of America
http://latimesblogs.latimes.com/lanow/2012/05/occupy-group-to-demonstrat...
Charlotte Business Journal: Bank of America meeting attracting 1,000 protesters
http://www.bizjournals.com/charlotte/blog/bank_notes/2012/05/protest-off...
WXII 12: Groups gear up for Bank of America demonstration
http://www.wxii12.com/news/local-news/north-carolina/Groups-gear-up-for-...
CNN Money: Occupy Bank of America. Hundreds protest
http://money.cnn.com/2012/05/09/markets/bofa-protests/index.htm
WMBF News: Five arrested during Bank of America protest in uptown
http://www.wmbfnews.com/story/18220051/bofa-protestors-gear-up-for-share...
99% Power protests are targeting corporations including Bank of America, Wells Fargo, GE, Verizon, Sallie Mae, Wal-Mart, and Verizon -- directly challenging the 1% board members and executives whose actions have expanded inequality, threatened democracy, destroyed the environment, and driven countless Americans from their homes. This spring represents the largest mobilization on shareholder meetings in U.S. history.
