Nationwide Picket of Bank of America TODAY
On May 8th Bank of America is holding it’s annual shareholders meeting in
Charlotte North Carolina. Last year a thousand of those affected by this
behemoth bank’s poor decisions gathered outside in protest. This year it’s
spreading nationwide, with a call for a general picket of branches and ATMs.
This is a picket for the silent shareholders of Bank of America, the American
public, determined in breaking them up.
“Too big to fail” is the problem that unleashed the “moral hazard” that caused
the Great Recession in 2008. Alan Greenspan said, “If they’re too big to fail,
they’re too big,” but what are the effects for the 99%?
In 2008, that meant that, in one week, actions were set in motion that put
millions of the 99% out of work. Deliberate deceitfulness caused millions of
homeowners to lose their homes or lose value in their homes. The elderly,
trusting their retirement funds were safe, lost their nest eggs. Meanwhile,
Bank of America grew even more ominously large and the 1% gained.
The decisions of this bank affects us all and their hazardous risks will no
longer be tolerated by an American public demanding recognition as the true
The government has turned a deaf ear to the demands of the 99%. Negotiating
with Bank of America economic terrorists is a morally bankrupt position.
What’s left is to unify our democratic voices towards the government, while
tearing down the walls of Bank of America’s privileged position. With
persistence and great effort by a broad coalition implementing various
tactics, there will be no alternative but breaking up Bank of America or
Breaking up one of the largest banks that the world has ever seen is no small
task. It requires the resolution of a broad cross-section of the public and is
a challenge that everyone can participate in regardless of being a customer or
an employee. Past efforts have focused on encouraging people to move their
money to a credit union or local bank. This picket acknowledges that staying
with Bank of America is the practical choice for many customers with
mortgages, loans, lines of credit and other hard to replace service needs.
Customers will benefit from the picket and the breaking up of this dangerous
bank without having to move their money.
This picket is discerning the long high road, gently guiding customers along
that path as well. While the goal remains to shut down Bank of America, the
requirements for achieving that vision is a democratic process supported by
the determined majority. Fortunately, polls show the majority already agree
that “too big to fail” banks should be broken up.
Pickets have a long history as a tactic for engaging free speech in
democracies. This national day honors that proud effective history without
discouraging other kinds of actions. The picket can be done alone, in the
iconic symbol of the moral antagonist with their sign, or it can be done
together with friends. It can be energetic or solemn, with indignation or
soulfulness, whatever way turns belief into action.
Acting alone by making a “Break Up Bank of America” sign and picketing the
nearest Bank of America branch or ATM is the most courageous act. Snap a photo
while there and share it with your friends. Remember, across the country
hundreds of people will be doing the same thing while thousands will be acting
Expect more national pickets to follow soon and work locally to organize
regular pickets. Determine what practices work best and remember to regularly
connect with others doing similar pickets to share encouragement and stories.
Tear down the walls of Wall Street and together create the future where no
bank is too big to fail, and no person is to small to succeed.
Fair Use Notice
This website re-published copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this message for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.