Mob of 500 SEIU storm BoA, JPM Exec's *homes*

[k-os]

I heard about this story on fox (XM radio) on my way to lunch with my dad. I couldn't figure out who I despised most in the story . . . the SEIU, the banker execs, or the cops that refused to protect them. It's a conundrum.

Fox has a video, watch it here (http://video.foxnews.com/v/4205484/political-protest-or-harassment), and I had to go to CNN to get the text, below:


By Nina Easton May 19, 2010: 6:15 AM ET

(FORTUNE) -- Every journalist loves a peaceful protest-whether it makes news, shakes up a political season, or holds out the possibility of altering history. Then there are the ones that show up on your curb--literally.

Last Sunday, on a peaceful, sun-crisp afternoon, our toddler finally napping upstairs, my front yard exploded with 500 screaming, placard-waving strangers on a mission to intimidate my neighbor, Greg Baer. Baer is deputy general counsel for corporate law at Bank of America (BAC, Fortune 500), a senior executive based in Washington, D.C. And that -- in the minds of the organizers at the politically influential Service Employees International Union and a Chicago outfit called National Political Action -- makes his family fair game.

Waving signs denouncing bank "greed," hordes of invaders poured out of 14 school buses, up Baer's steps, and onto his front porch. As bullhorns rattled with stories of debtor calls and foreclosed homes, Baer's teenage son Jack -- alone in the house -- locked himself in the bathroom. "When are they going to leave?" Jack pleaded when I called to check on him.


[snipped, to get to my favorite part]



Why the media wasn't invited

Sunday's onslaught wasn't designed for mainstream media consumption. There were no reporters from organizations like the Washington Post, no local camera crews who might have aired criticism of this private-home invasion. With the media covering the conservative Tea Party protesters, the behavior of individual activists has drawn withering scrutiny.

Instead, a friendly Huffington Post blogger showed up, narrowcasting coverage to the union's leftist base. The rest of the message these protesters brought was personal-aimed at frightening Baer and his family, not influencing a broader public.

Of course, HuffPost readers responding to the coverage assumed that Baer was an evil former Bush official. He's not. A lifelong Democrat, Baer worked for the Clinton Treasury Department, and his wife, Shirley Sagawa, author of the book The American Way to Change and a former adviser to Hillary Clinton, is a prominent national service advocate.

In the 1990s, the Baers' former bosses, Bill and Hillary Clinton, denounced the "politics of personal destruction." Today politicians and their voters of all stripes grieve the ugly bitterness that permeates our policy debates. Now, with populist rage providing a useful cover, it appears we've crossed into a new era: The politics of personal intimidation.


Also very interesting was the fact that the police officers were afraid of the mob:
A trio of officers who belatedly answered our calls confessed a fear that arrests might "incite" these trespassers.

[I am me, I am free]

Storm the Bastille! Let my people go (free them from usury).

[cigarlover]

When our government fears the people again then perhaps we can have our liberty back. My guess is they just pass a law that sends them away for a long time though.

[sirgonzo420]

I dislike banksters.... but I also dislike the SEIU.


I do like chaos though, so party on, I reckon.

[k-os]

I dislike banksters.... but I also dislike the SEIU.


I do like chaos though, so party on, I reckon.



Nice. So I see you had to think about it too.

[sunshine05]

My initial reaction is: Why bitch about being foreclosed on? Maybe they shouldn't have taken out the mortgage they couldn't afford in the first place. However I DESPISE Bank of America for the way they cater to illegals.

[k-os]

My initial reaction is: Why bitch about being foreclosed on? Maybe they shouldn't have taken out the mortgage they couldn't afford in the first place. However I DESPISE Bank of America for the way they cater to illegals.


OK, I was initially so sidetracked by the trilateral ick that I passed over why exactly they were there. Thanks for bringing this up.

Yes, the banks and bankers were greedy, but are these people telling me that they signed a 5 year ARM for $350K, they only make $40K a year, and they're not greedy? Greedy might not be the word, but nearly the whole country got whipped up into a frenzy of materialism. I am not sure if that is any different than what the banks did, except for the scale.

[DMac]

My initial reaction is: Why bitch about being foreclosed on? Maybe they shouldn't have taken out the mortgage they couldn't afford in the first place. However I DESPISE Bank of America for the way they cater to illegals.


OK, I was initially so sidetracked by the trilateral ick that I passed over why exactly they were there. Thanks for bringing this up.

Yes, the banks and bankers were greedy, but are these people telling me that they signed a 5 year ARM for $350K, they only make $40K a year, and they're not greedy? Greedy might not be the word, but nearly the whole country got whipped up into a frenzy of materialism. I am not sure if that is any different than what the banks did, except for the scale.


It seems the line between greed and stupidity is a bit blurry for those folks.

[sirgonzo420]

I dislike banksters.... but I also dislike the SEIU.


I do like chaos though, so party on, I reckon.



Nice. So I see you had to think about it too.


Yeah, I wouldn't be marching alongside the SEIU....

But I don't mind a good riot every now and then... what can I say? I like chaos. ;)

[I am me, I am free]

Again, I repeat myself: Once one puts their signature on the mortgage document the loan is PAID right then and there. The rest of the process is strictly for show while the banksters make YOU service THEIR debt.

[sirgonzo420]

Again, I repeat myself: Once one puts their signature on the mortgage document the loan is PAID right then and there. The rest of the process is strictly for show while the banksters make YOU service THEIR debt.


Yep.

Kinda wacky - the world of commerce without money.



It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

-- Henry Ford

[k-os]

Yeah, I wouldn't be marching alongside the SEIU....

But I don't mind a good riot every now and then... what can I say? I like chaos. ;)


Earlier this year I was crossing the Belize-Guatemala border with a friend, and the bridge was blocked by a Guatemalan teacher and his students protesting the bridge-widening project in favor instead of a raise for the teachers. We were not allowed to cross, except for every two hours they let people pass for 10 minutes.

We waited about an hour. I looked at my friend and said "Let's start a riot." He responded (as if I was serious) in a serious tone "No, we are not going to start a riot." That's when I knew. . . :-\

It was one of the most memorable moments of the trip.

[osoab]

Pick of the Mob scene

http://www.infidelsparadise.com/wp-content/uploads/2010/05/banker_protest_top.jpg


I would hate to be a neighbor to this guy.

I tried to find something on the National Political Action people. Nothing so far.

[I am me, I am free]

Pick of the Mob scene

http://www.infidelsparadise.com/wp-content/uploads/2010/05/banker_protest_top.jpg


I would hate to be a neighbor to this guy.

I tried to find something on the National Political Action people. Nothing so far.


It's National People's Action - http://www.npa-us.org/

[YukonCornelius]

How much did they make an hour?

[osoab]

Link to story. I found the below tidbit interesting.

What's really behind SEIU's Bank of America protests? (http://money.cnn.com/2010/05/19/news/companies/SEIU_Bank_of_America_protest.fortune/index.htm)


Other reasons why SEIU might protest

Bank of America officials dispute Lerner's assertion about the "damage they are doing," citing the success of workout programs to help distressed homeowners, praise received from community groups, the bank's support of financial reform legislation, and the little-noticed fact that Bank of America exited the subprime lending business in 2001.

SEIU has said it wants to organize bank tellers and call centers -- and its critics point out that a great way to worsen employee morale, thereby making workers more susceptible to union calls, is to batter a bank's image through protest. (SEIU officials say their anti-Wall Street campaign has nothing to do with their organizing efforts.) Complicating this picture is the fact that BofA is the union's lender of choice -- and SEIU, suffering financially, owes the bank nearly $4 million in interest and fees. Bank of America declined comment on the loans.


Tools for the same side.

[osoab]

Pick of the Mob scene

http://www.infidelsparadise.com/wp-content/uploads/2010/05/banker_protest_top.jpg


I would hate to be a neighbor to this guy.

I tried to find something on the National Political Action people. Nothing so far.


It's National People's Action - http://www.npa-us.org/


Thanks. Not much at their website.

[k-os]

Link to story. I found the below tidbit interesting.

What's really behind SEIU's Bank of America protests? (http://money.cnn.com/2010/05/19/news/companies/SEIU_Bank_of_America_protest.fortune/index.htm)


Other reasons why SEIU might protest

Bank of America officials dispute Lerner's assertion about the "damage they are doing," citing the success of workout programs to help distressed homeowners, praise received from community groups, the bank's support of financial reform legislation, and the little-noticed fact that Bank of America exited the subprime lending business in 2001.

SEIU has said it wants to organize bank tellers and call centers -- and its critics point out that a great way to worsen employee morale, thereby making workers more susceptible to union calls, is to batter a bank's image through protest. (SEIU officials say their anti-Wall Street campaign has nothing to do with their organizing efforts.) Complicating this picture is the fact that BofA is the union's lender of choice -- and SEIU, suffering financially, owes the bank nearly $4 million in interest and fees. Bank of America declined comment on the loans.


Tools for the same side.


Oops, sorry I didn't include the link in the original post. Maybe SEIU is trying to renegotiate their loan terms with BoA.

I think this part of the article you quoted is worth highlighting too:

SEIU has said it wants to organize bank tellers and call centers -- and its critics point out that a great way to worsen employee morale, thereby making workers more susceptible to union calls, is to batter a bank's image through protest.

My brain will never be as devious as the brain of those I am up against.

[Quantum]

Bankers are the most wicked sorcerers ever to walk the Earth.

JP Morgan Chase is the most wicked sorcery enterprise, and BofA the third, in all history. (keep in mind both are Rothschild-linked entitites)

The idea that SEIU is anywhere on the map near these devils is ludicrous. Keep on, SEIU!

[mick silver]

not one word from any body about the man youngs sons hiding in the bathroom till the dad came home and got them out of there .. sh*t like this is not right . not in my yard . last time i look i own this piece of sh*t i call home . this mean anyone that want to stand on my door front calling my family names

[mick silver]

and the cops would not make theys ass hats get off the man yard ... is there not a right to the home owner to keep shit off his yard

[jetgraphics]

Both wings of the same vulture....

Distraction, distraction, distraction.

[sunshine05]

Bankers are the most wicked sorcerers ever to walk the Earth.

JP Morgan Chase is the most wicked sorcery enterprise, and BofA the third, in all history. (keep in mind both are Rothschild-linked entitites)

The idea that SEIU is anywhere on the map near these devils is ludicrous. Keep on, SEIU!


I've been thinking about your post.... I do see the evil in bankers regarding all the excessive fees, raising interest rates on credit card holders with no warning.....things like that. But it was our government that pressured the bankers to do the sub-prime mortgages starting a decade ago because "everyone should own a home". I have a youtube video of George Bush presenting that and I remember Clinton talked about it before him. So they heavily pressured the banks to lend to people who in the past would not have qualified and they got burned pretty bad when the borrowers defaulted. So then pressure from the Federal Reserve and they were bailed out.

On a personal level, I have never had a problem with a bank. I have had 4 mortgages, all paid at the agreed upon interest rate which was always good because my credit score is high. I have never had a problem with high interest rates because I don't carry debt. (Well, I did when I was younger but paid it off as soon as I could) and now I refuse to carry credit aside from the mortgage.

So if something happened that I could no longer pay my house payment I would do everything I could to sell it and if not, hopefully rent it out. If that didn't work out I wouldn't think to protest in front of the bank I took the loan with, since I agreed to the terms and could no longer pay. Shouldn't they have the right to foreclose and try to sell it to someone else? What am I missing?

[mick silver]

no one make people go to the bank and not read what there doing . i to have use banks for home loans but i make my payments . i have to live some were and i like my farm and home

[k-os]

Well thought out response, sunshine05. We all forget that the sub-prime lending practices which got us into the housing mess that we are in, began in the early to mid 1990s.

It got really bad in 1999 when Clinton ordered Fannie Mae to relax credit requirements on loans for minorities, people who had bad credit or low income.

So people who would not have normally qualified for a home loan were able to get a home. No one ever said their job would continue forever, or there would be no illness, or that they wouldn't overspend in any other category.

And of course it got worse when Bush . . .

[Blink]

Again, I repeat myself: Once one puts their signature on the mortgage document the loan is PAID right then and there. The rest of the process is strictly for show while the banksters make YOU service THEIR debt.


The banks don't have the assets to back any of these mortgages. So, when the signature hits the document, new currency/debt is created (with a small fee paid to the bankers for tapping numbers in a f**king computer) and all existing currency in circulation is debased a little more. The banksters are rat bastards for allowing these bogus mortgages to be had when they had measures/common sense and resources to see if someone was a risk or not. But, at the same time, the greedy ass people who thought they could own a new home in an affluent neighbourhood, when they only make $35,000 a year, kinda deserve what they get...... Will it happen again, most definitely. Scared, uninformed and ignorant people always panic and mob up with a righteous fury that they are right, when in fact they are just the opposite, stupid....... At least they're after the right type of scum sucker and not blaming the guy who works at the coffee shop.......

[Quantum]

I've been thinking about your post.... I do see the evil in bankers regarding all the excessive fees, raising interest rates on credit card holders with no warning.....things like that. But it was our government that pressured the bankers to do the sub-prime mortgages starting a decade ago because "everyone should own a home".


I'm sorry, no offense, but you are desperately in need of an education.

If you think the wickedness of bankers and the banking system is limited to fees, raising usury rates, and predatory mortgages, you're woefully ignorant.

Bankers are responsible for tens of millions of deaths in war, which they arrange and often make necessary; tens of trillions of wealth squandered and siphoned off into their private profits; global loss of freedoms via the first two instruments; and much more. Bankers run this planet. Their chief weapons are fiat currency, and the fractional reserve swindle. Pure sorcery.

Fractional reserve, fiat-peddling bankers DO NOT SERVE A NECESSARY ROLE IN A CIVILIZATION. They are Satanic parasites.

[Libertarian_Guard]

Storm the Bastille! Let my people go (free them from usury).


http://i45.tinypic.com/w8ss3d.jpg

http://i48.tinypic.com/op93xf.jpg

[jetgraphics]

Again, I repeat myself: Once one puts their signature on the mortgage document the loan is PAID right then and there. The rest of the process is strictly for show while the banksters make YOU service THEIR debt.

Repeating it does not make it so.

You may be a victim of disinformation.

Since 1933, there has been no lawful money in circulation. What most folks borrow is credit. An extension of credit, at usury, is not a loan of money. BUT the creditor wants repayment in real money - which no none has done since 1933. That's how no debtor can come into court with "clean hands".

The REAL kicker is that pesky promissory note, that every debtor signs. It spells out that the debtor will pay DOLLARS (not dollar bills). That's the fraud one must negate.

I know of several folks that wrote a polite letter to their creditors, admitting their fraud in signing a promissory note denominated in dollars, when there are none to be found in sufficient quantity. They revoked their signature for cause. Then they politely asked what valuable consideration was given to them, so that they may return it to the creditor.
[head smack]
The creditors walked away from the mortgages, and never foreclosed. (Federal Reserve notes have no par value - they are worthless)
HOWEVER, about half a year later, these folks had mysterious "Accidents" - one was left brain damaged, with two broken arms - the other was never found again. And his wife disappeared, and I never did find a forwarding address or phone number.

I do not recommend trifling with usurers (see: Ezekiel 18:13 KJV).

[Horn]

Well I guess it's either protest, or set the town on fire.

[sunshine05]

I've been thinking about your post.... I do see the evil in bankers regarding all the excessive fees, raising interest rates on credit card holders with no warning.....things like that. But it was our government that pressured the bankers to do the sub-prime mortgages starting a decade ago because "everyone should own a home".


I'm sorry, no offense, but you are desperately in need of an education.

If you think the wickedness of bankers and the banking system is limited to fees, raising usury rates, and predatory mortgages, you're woefully ignorant.

Bankers are responsible for tens of millions of deaths in war, which they arrange and often make necessary; tens of trillions of wealth squandered and siphoned off into their private profits; global loss of freedoms via the first two instruments; and much more. Bankers run this planet. Their chief weapons are fiat currency, and the fractional reserve swindle. Pure sorcery.

Fractional reserve, fiat-peddling bankers DO NOT SERVE A NECESSARY ROLE IN A CIVILIZATION. They are Satanic parasites.



I can understand blaming the Federal Reserve for this, but I don't believe much of what you are saying is the actual banks fault.

So we should have no banks then? No mortgages? No home ownership? No savings accounts?

[Horn]

I can understand blaming the Federal Reserve for this, but I don't believe much of what you are saying is the actual banks fault.

So we should have no banks then? No mortgages? No home ownership? No savings accounts?


A single non-profit bank controlled by the people of your nation would be enough. Like the U.S. postal service.

[sirgonzo420]

I've been thinking about your post.... I do see the evil in bankers regarding all the excessive fees, raising interest rates on credit card holders with no warning.....things like that. But it was our government that pressured the bankers to do the sub-prime mortgages starting a decade ago because "everyone should own a home".


I'm sorry, no offense, but you are desperately in need of an education.

If you think the wickedness of bankers and the banking system is limited to fees, raising usury rates, and predatory mortgages, you're woefully ignorant.

Bankers are responsible for tens of millions of deaths in war, which they arrange and often make necessary; tens of trillions of wealth squandered and siphoned off into their private profits; global loss of freedoms via the first two instruments; and much more. Bankers run this planet. Their chief weapons are fiat currency, and the fractional reserve swindle. Pure sorcery.

Fractional reserve, fiat-peddling bankers DO NOT SERVE A NECESSARY ROLE IN A CIVILIZATION. They are Satanic parasites.



I can understand blaming the Federal Reserve for this, but I don't believe much of what you are saying is the actual banks fault.

So we should have no banks then? No mortgages? No home ownership? No savings accounts?


No fractional-reserve banking....

(which is fraud, plain and simple).

[sunshine05]

No fractional-reserve banking....

(which is fraud, plain and simple).


I agree with this but until it changes we still have to live within the system that we have. Is it right to sign a mortgage agreement with a bank and default simply because we hate banks fractional reserve system?

[po14015]

So we should have no banks then? No mortgages? No home ownership? No savings accounts?


Are you saying that without banks and mortgages there would be no home ownership or savings??????????
Or would prices have to reflect real supply and demand based on real production and value.
Houses are so over inflated in price BECAUSE of mortgages.

Please read (or reread) Creature from Jekyll Island.
(And there is no home ownership today anyway. More illusion, but I am sure someone else will mention that.)

[sunshine05]

So we should have no banks then? No mortgages? No home ownership? No savings accounts?


Are you saying that without banks and mortgages there would be no home ownership or savings??????????
Or would prices have to reflect real supply and demand based on real production and value.
Houses are so over inflated in price BECAUSE of mortgages.

Please read (or reread) Creature from Jekyll Island.
(And there is no home ownership today anyway. More illusion, but I am sure someone else will mention that.)


Right, but that's in an ideal world. We do not live in that environment, right? I'm saying - NOW for me to own a home, I need a mortgage. Since I have one, I will pay it so I can keep my house.

[DMac]

So we should have no banks then? No mortgages? No home ownership? No savings accounts?


Are you saying that without banks and mortgages there would be no home ownership or savings??????????
Or would prices have to reflect real supply and demand based on real production and value.
Houses are so over inflated in price BECAUSE of mortgages.

Please read (or reread) Creature from Jekyll Island.
(And there is no home ownership today anyway. More illusion, but I am sure someone else will mention that.)


Right, but that's in an ideal world. We do not live in that environment, right? I'm saying - NOW for me to own a home, I need a mortgage. Since I have one, I will pay it so I can keep my house.


The bank is an agent of theft. They do not have the money to lend you, they create it out of thin air via the ledger (nowadays the computer screen). Then if you don't pay them back the money they created out of nothing they get the house you agreed to buy.

This is how they make their money and is a big reason they are called sorcerers or thieves.

[DMac]

Also, to add re: "owning a home", you don't own the home. The government does. You merely rent the house from the government.

Why rent from the government when you can rent from a person?

[Uncle Salty]

Ahhh.

Just a little blow back at the corporate/state fascist business model.

[Quantum]

I can understand blaming the Federal Reserve for this, but I don't believe much of what you are saying is the actual banks fault.


All banks are the Federal Reserve. They are branches of the Monolith. They all profit off of grand theft.




So we should have no banks then?


Never said that.

Banks should be storage facilities for REAL money.




No mortgages?


Never said that.

Mortgages should be honest, based on real money, and never a tool of speculation.




No home ownership?


Never said that.

Home ownership has been a fact of human existence since the first hut was constructed.




No savings accounts?


Never said that.

Savings, too, has been a fact of human existence. What must be accepted, though, is the idea of receiving extra money for no work (interest) is part of the criminal system which must be destroyed. Money does not "work."

[Quantum]

Is it right to sign a mortgage agreement with a bank and default simply because we hate banks fractional reserve system?


If you're willing to lose the home, yes, absolutely.

You are engaging in a business transaction, nothing more. It's not like you're making a marriage with the bank, "until death do us part." The bank will renege at the first moment it's in their best interests. Only a fool believes in "honor" when dealing with a thing.

[sunshine05]

Also, to add re: "owning a home", you don't own the home. The government does. You merely rent the house from the government.

Why rent from the government when you can rent from a person?


Well at some point it will be paid off and then we will own it outright.

[Quantum]

Well at some point it will be paid off and then we will own it outright.


LOL

Stop paying the property taxes (rent), and see what happens.

[DMac]

Also, to add re: "owning a home", you don't own the home. The government does. You merely rent the house from the government.

Why rent from the government when you can rent from a person?


Well at some point it will be paid off and then we will own it outright.


You may own the lumber and tile called your home but never forget that big daddy government is renting the plot of land to you, and as Quantum alludes to above, the moment you fail to pay 1 dollar in property tax Mr. IRS Man will reclaim his ownership of your land (and subsequent house).

Home ownership is illusion for 99.999% of the population.

[sunshine05]

I just lost my post. But here's the situation - I have a lot of equity in my home, my taxes for a 3200 sq ft home are 2100/year. If I were to rent this house it would be $2500-3000/month. Plus I wouldn't get the tax write-off. It just doesn't make any sense for me to rent. Plus I like being able to do what I want with the house, yard, etc. But I get what you are saying DMac.

[jetgraphics]

[Flame retardant on]
Usury is :
Interest - any interest - denominated in money, for the loan / use / extension of credit
Impossible to pay in a finite money token system
Condemned - by philosophers, religions, etc, for over 3500 years
Responsible for most of the world's wars and woes
A scheme to rob

Does that mean we shouldn't have banks?
No.
But the interest has got to go. Denominate the gain in anything but money, and it is reasonable. . . hours of work, portions of harvest, products, output.

Supporting arguments:
Calculate the future worth of a sum, using the exponential equation, and there is always a point at which the aggregate principle and interest grows larger than the whole set of money tokens. Past that point, it cannot be paid. (Impossible)

Individual contracts for usury appear reasonable, but when taken together, a proportion of debtors will default because enough money never existed for all debtors to repay their debts. Thus they lose their pledged collateral. Though they may blame themselves, usury was the underlying cause.

Current public debt, in excess of 13 trillion dollars, is an example of an impossible to pay debt. Pursuant to law, it cannot be paid with "dollar bills" (debt instruments). It computes to a sum of gold bullion that dwarfs the world supply (650 billion ounces).
Est. World supply = 5.5 billion ounces.
The only reason why the banksters extend credit to the bankrupt U.S. is the "human resources" pledged as collateral via FICA. The "debt service" is indentured servitude for over 300 million enumerated "contributors".

The usurer / socialist alliance is in command, and you will be compelled to "share your wealth", for generations to come.


http://en.wikipedia.org/wiki/Future_worth