The 2014 '30 Under 30'

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Charlotte protesters: Bank of America is ‘worst of the worst’

Hundreds of protesters converged on the Bank of America shareholder meeting in Charlotte, N.C. on Wednesday, dozens of them entering the proceedings to criticize the behemoth financial institution’s policies on mortgages, worker rights, tax avoidance, banking fees, foreclosures and energy financing.

Organizers said there were so many reasons to dislike the bank that it was relatively easy to pull together a large group, some from as far away as Portland, San Francisco and New York.

“It was a convergence,” said Jen Soriano, a member of UNITY Alliance, a group under the umbrella protest organizer called 99 Percent Power.

“Whether it is workers who have been laid off, homeowners and also tenants who have been evicted from foreclosed homes … or people who live in coal country in the Appalachia whose home in a broader sense are being destroyed by mountain top removal mining …,” Soriano said. “Bank of America is pretty much the worst of the worst in terms of banks.”

About 750 people marched from three directions to the Bank of American corporate headquarters, and six people had been arrested by 3 p.m. ET, according to the Charlotte Observer.

Some of the protesters — organizers estimated more than 100, but there was no way to confirm that — had purchased one share of Bank of America stock so they could enter the meeting and make their complaints directly before the bank’s CEO Brian Moynihan.

Read more at NBC News.

 

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