On October 15, Occupy DC shut down the Dupont Circle branch of Bank of America with a 9 AM march. A symbolic foreclosure was enacted outside, while three depositors intended to foreclose on their accounts, debts owned them by Bof A, by taking out every last dime.
Bank of America, upon learning of the intent of protesters to foreclose on their accounts, decided to resist foreclosure by locking their doors. (Update): In NYC, at least 22 people were arrested while trying to close Citibank accounts during protests. Here in DC, the police did not attack us.
While the locked doors had no effect on the symbolic foreclosure outside, it also meant that Bank of America was effectively refusing three depositors their funds.After protesters had their fill of "deadbeat" Bank of America and their excuses for not paying their their depositors and their taxes, Occupy DC marched on to the US Treasury, demanding that Bank of America and the rest of the big banks be taxed. Bank of America for example paid zero Federal income taxes in 2010 and received Federal bailout funds in December 2008 and January 2009.
At the conclusion of the rally at the Treasury, Occupy DC marched to the Washington Monument to join the DC Statehood march to the MLK Memorial.
In: Other News
Tags: Bank of America, Occupy DC
Location: Washington, District of Columbia, United States (load item map)
Marked as: approved
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