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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