B OF A HURT BY OCCUPY OUR HOMES MOVEMENT

Bank Of America Sends Internal Email Exposing Where The "Occupy" Movement Is Hurting It Most

Submitted by Tyler Durden on 12/06/2011 11:19 -0500
While the general media may be ignoring the latest peculiar twist on the "Occupy" theme, or in this case the "occupyourhomes.org", Bank of America is taking it quote seriously. As a reminder, "Tuesday, December 6th is the National Day of Action to stop and reverse foreclosures. The Occupy Homes movement is holding actions around the country in support of homeowners and people fighting to have a home. Find an event near you and join in our day of action tomorrow!. There are actions happening in over 20 cities nationwide. Events are taking place in Brooklyn, Buffalo and Rochester New York; Los Angeles, Oakland, San Francisco, San Diego, San Jose, Petaluma, Sacramento, Paradise and Contra Costa California; Lake Worth, Florida; Atlanta, Fayetteville, and DeKalb Georgia; Chicago, Illinois; Bloomington, Indiana; Minneapolis, Minnesota; Cleveland, Ohio; Denver, Colorado; Detroit and Southgate Michigan; St. Louis, Missouri; Portland, Oregon; and Seattle, Washington." And if you have not heard about today's protest on the conventional media that is understandable: as BAC says internally, this event "could impact our industry." Here are the specific warnings to BAC "field services" agents: i) Your safety is our primary concern, so do not engage with the protesters; ii) While in neighborhoods, please take notice of vacant BAC Field Services managed homes and ensure they are secured; iii) Remind all parties of the bank’s media policy and report any media incidents.

 
Aside from the superficial implications, what is more important is that the big banks are showing precisely what the weakest links in the system are, and what makes them the most nervous: it is not protesters living in tents in a major metropolitan city: it is protesters disrupting the lifeblood of the broken banking system - the home selling/repossession pathway. Expect many more such protests now that Bank of America has tipped its hand.


COMMENT:

Occupy Homes is really beginning to worry the banks, and justifiably so. This Port shutdown action, on the other hand, is grandstanding, Every other email I've received in the past day has pushed some loose connection between Goldman Sachs and the Port shutdown. Last minute justification.  If 10% of this effort was put into the foreclosure crisis and debt relief we would really help the 99% and make some progress. You think the average person understands the Port shutdown? Half of those involved were unclear on it until someone did some research and saw that Goldman Sachs, among many others, has interests in some port operations.