Backlash Demo Against Bank of America in Boston: Protestors Arrested

Backlash Demo Against Bank of America in Boston: Protestors Arrested

The Bank of America is not having an easy time of it right now and the transition to new banking fees is seeing a huge public backlash. Yesterday stock dropped and customers took to social networking sites to vent their anger at the bank. Now we hear that a demonstration has taken place at Bank of America’s offices in Boston with thousands of people protesting about foreclosures by the bank.

The new planned fees have already upset many customers of the bank and on top of that yesterday the Bank of America website went down causing more frustration and consternation. The Daily Beast reports that Bank of America stock is down 44% for the quarter and 56% for the year. There are also lawsuits against the bank regarding its mortgage practices and now today’s demonstrations are piling on the grief for the under-fire bank.

Around 3,000 people have taken place at a protest in downtown Boston at Bank of America offices to express the strength of feeling against foreclosure practices by the bank. Fox News reports that around two dozen people have been arrested for trespass and also states that the Boston Herald says the “event was an act of civil disobedience.” Boston police Commissioner, Edward F. Davis said, “They wanted to be arrested, and we obliged.”

However, organizers of the protest stressed the need to get the message across to the bank about its unfair practices. One protestor, Carolyn Grant said, “We had to set a stand to let Bank of America know they cannot foreclose on families and put them out on the street.”

Meanwhile, T.J. Crawford, a Bank of America spokesman called the protest a publicity stunt. We’re really interested to hear your thoughts on this. Are you a Bank of America customer, annoyed by any of the bank’s practices or planned new fees? Let us know how you feel about this or today’s demonstration by sending your comments.

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  • http://www.facebook.com/profile.php?id=46601194 Mike Avella Jr

    Bank of America is awful. Tthey continually bend you over with fees and surcharges, and now they’re going to tack on another surcharge to people that are already struggling, but the “premium” accounts who would never notice it gone get off. Listen, I get it. Rich people get perks. We’re all aware. But come on, pile it on baby. Maybe cut the interest rates by .00000001% instead?
    Also, the website management is awful. This is going on what, 2 – 3 days it’s been down? For a monstrously large financial institution, they have pretty poor tech management.
    And don’t get me started on their customer service.
    Bottom line is, I know that banks don’t care about little people like me, but at least nice people at the local bank that I’m switching over to pretend that they do.

  • Sheila222222

    i am totally pissed!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • Liz

    Countrywide sold my mortgage to Bank of America. They are awful I agree with Mike below they do not care about us. When the economy crashed in 2008/2009 they would not help us at all. We’ve paid our mortgage every month on time. They offered us a trial modification so we did it. They denied it but they told us we would be approved. 6 months later they denied us. Then told us we owed the difference between our regular mortgage and trial mortgage. It came to $12,000 ish. We didn’t have that. So I continued to keep paying our regular mortgage and they continued to send us back money and it continued for 2 years. They sold us to Greentree which is part of BOA and they are terrible people.
    Between these 2 companies they had me so upset, crying most of the time since 2009. I finally got through to the AG’s office in Mass. They listened (finally) and called Greentree and got us on another trial modification. Which we worried about, but finally this month we got approved. All the fighting we’ve
    done we finally got to keep our house!!! Thank you Attorney Generals Office in Mass!!!!
    BOA killed our credit with their actions. Once our credit is back I will leave these people and never for the rest of my life ever reccomend them or get any kind of loan through them.

    I think it is great what these people did, protesting BOA!!! I just wish they called me I would of gotton
    arrested with them!!! Thank you Protesters!! :)

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