Protest Group Tries to “Foreclose” Bank of America in Columbia Heights

For those wondering about the commotion at 14th and Irving St, NW around 9:15 Sat. morning. Thanks to a reader for sending.

80 Comment

  • Saw this as I was leaving the gym….just pathetic

  • brookland_rez

    Must be some disenfranchised occupy DC protesters

    • Hopefully they don’t set up tents again to save themselves from paying rent. These protests do nothing, they should apply that time to working at Bread For The City.

  • There’ll be a big action for next week, starting this weekend.
    On Monday they plan to “shut down K Street.” Watch out “PorterwaterhouseCooper” and “Chase Morgatage”

  • B of A has done a lot of good for urban education in D.C. Sorry that CH has to deal with these Occupy antics on this busy morning.

  • Sparta

    Let’s see…

    Bank of America cut loans to small business despite taking billions in taxpayer-funded bailout $$:

    Bank of America encouraged its employees to “burden consumers with debt and enroll them in high-fee programs.”

    Bank of America contributes to the massive pay gap between CEOs and the people who actually make companies run–in 2011, CEO Brian T. Moynihan received $8,087,181 in total compensation. By comparison, the average employee made $34,053 in 2011. Brian T. Moynihan made 237 times the average worker’s pay.

    The ratio of CEO-to-worker pay between CEOs of the S&P 500 Index companies and U.S. workers widened to 380 times in 2011 from 343 times in 2010.[2] Back in 1980, the average large company CEO only received 42 times the average worker’s pay.

    Should CEOs be paid more? Sure. Should they be paid so proportionally much more than employees? No. It’s one more reason why the US economy is out of whack.

    The only pathetic thing about the protest event at the Bank of America is that it shows the extent to which people buy in to corporate propaganda

    • gotryit

      How does a protest help?

      • Well, you read a blog entry about the protest, which led to your reading the previous poster’s roundup of BofA offenses. And now you’re informed.

        Was that so hard?

        • gotryit

          This is not news. I learned nothing from these people. They only succeeding in pissing me off.

          A better way to make the point is to publicize individual stories, such as “Poor old so and so, did everything right, getting screwed by heartless corporation, not even willing to negotiate – just evict.”

    • “The only pathetic thing about the protest event at the Bank of America is that it shows the extent to which people buy in to corporate propaganda.”

      The flip side of that, of course, is buying into organized labor propaganda. Say, for example, SEIU blogs and AFL-CIO articles?

      “Big corporations are bad! See? The other large organizations that are opposed to them on a variety of issues say so, so it MUST be true.”

      There’s a lot of propaganda out there – assuming that others buy into corporate propoganda while directly citing labor propaganda strikes me as intellectually, ah . . . inconsistent. Not to say completely hypocritical.

    • I think most who work with, or personally use BOA, realize they are a group of money hungry, incompetent, a-holes. With that being said, so is nearly every other bank. If you surrounded yourself with decision makers (the 1% making all the decisions and with all the money) then maybe this would work. Instead, it is a group of hipsters, potheads, homeless and the foreclosed upon. While the rest of us who actually could make a difference are at work, mostly to ensure we do not end up like you.

      Good day

  • The great thing about America is that people are free to protest social injustice and the rest of us are free to say you’re a f**king unemployable idiot for going $200k in debt to get an advanced degree in comparative queer ethnomusicology.

  • Sparta, perhaps you’d find Cuba or Venezuela more to your liking.

  • They were at the BofA on Columbia Rd. in Adams Morgan, too.

    • yeah, all 5 protesters on Columbia Road. The only thing they succeeded in doing was blocking people who wanted to walk down the sidewalk.

      It was pathetic, particularly their curse-word chants with kids walking the picket line with them.

      Call me old fashioned, but I don’t think 7 year olds should be shouting “bullsh*t” at 830 on Saturday morning.

  • gotryit

    Thanks for backing up traffic all around – that really makes the world better. If you want to make a point, try not pissing me off while doing it.

    Maybe a counter protest is a good way to make the point. Hold up a sign: “For every minute you make me wait in traffic, I’m going to donate $10 to a fund to assist Bank of America in processing foreclosures.”

    Is this an ad hominem attack? F U protesters.

    Ah, that feels much better.

    • OMG, I was made to wait for 4 minutes. Get over it. It’s democracy and part of a robust civil society is protest. Whether you agree or not, at least these people care about something. Sorry that your starbucks got cold while you were forced to wait.

      • gotryit

        Thanks for assuming that I waste my day. And that everyone else on the road needed you to take up their time as well.
        There are plenty of ways to protest in or great democracy that don’t involve hipsters dancing in the middle of a busy intersection.

        Also, there are much more effective ways to do something when you really care. Oh, but you also ASSume that I don’t care. Derp.

        • I understand your annoyance with this, but it sounds like you basically want the protest out of sight and out of mind. And in that case, what’s the point of protest at all?

          • But when it becomes a huge inconvenience to my day, it doesn’t make me want to help you, it makes me want to foreclose on you myself.

          • gotryit

            You can be visible without blocking the road. Most other protests accomplish that. In fact, if they had stayed on the sidewalk, I still would have seen them. But instead they decided to march around in the middle of the intersection because _____ (fill in your favorite reason why you hate hipsters).

      • How about….OMG you made me late for work? Not everybody has Saturday off.

  • Dont like banks? Great. Keep your money under your mattress, buy your home in cash, and shut the f up. I don’t understand protesting foreclosures. You didn’t pay the mortgage. You really expected the bank to just buy you a house that you could live in for free? I don’t get it.

    • don’t get it? then shut the f up and don’t protest.

    • there’s much more to it than that.

      for example, did you know that a recent study in San Francisco showed that between 2009 – 2011, 84% of foreclosures were done in violation of that law?

      sometimes it isn’t so black and white.

      • But bottom line, the people didn’t pay their mortgages. There were “irregularities” – like small technicalities – but that doesn’t mean people should get to live in their homes indefinitely for free. The bank protests just don’t make sense. They’re premised on the idea that everyone should get everything for nothing. Impractical.

        • Bankers had lobbyists to get them bailed out, homeowners who were wrongly evicted based on computer errors (payment not acknowledged as received), robo-letters, etc, have protesters to fight for them. If you’d like to start a fund to hire lobbyists for people wrongly facing foreclosure, step to it and watch protests gradually reduce…

          • Give me a break. Foreclosure = not paying mortgage at a minimum 99.99999999% of the time. If not 100%. Do I think its possible that in a rare rare rare instance, someone who was up on mortgage was foreclosed upon by accident? Sure. But give me a break. Most folks just made bad decisions (or had bad luck) and couldn’t pay their mortgage. I’m sorry, but its not the bank’s job to provide them with free housing.

        • Yeah, losing your job and finding yourself unable to sell your home because your mortgage is underwater is definitely a “bad decision”.

          Oh, and your line about “small technicalities”? I wouldn’t call the inability to prove that you hold the deed and have the right to foreclose a “small technicality”.

          Quit being such a sanctimonious jerk and have a little empathy.

  • Clown protest, bro.

  • They were also at the Georgetown BoA. Cars were honking as instructed on their signs, and a sign on the door of the bank said “Due to protest activity we will be delaying opening.”

  • I can understand getting mad directly at the banks, but they are “playing” within the system that was set up for them. Instead of complaining at the banks directly you should go complain with your vote at the voting booth! Almost guaranteed it would be more effective.

    • your vote doesnt count, the banks have already fixed the system. campaign contributions are nothing but legal brides!

      • am I right to assume then that you aren’t going to vote? That might be the dumbest thing I’ve ever heard (if true).

        • Obama and romny are different sides of the same coin. Both are going to cut social security, obama will cut only 95% percent of what romny will do. Obama a former constitution lawyer will not persecute war crimes, kills Americans wo trial, and continues bush’s warrant less wiretapping. Change I can believe in.

  • Anyone want to wager what percentage of these protesters will be voting Republican in 20 years when they have a job, three kids, and a mortgage? I’m all for fighting social injustice, but targeting the local branch of BoA on a Saturday morning in CH isn’t really fighting social injustice. It’s just to Wonderland where they went to drink PBR and pat themselves on the back on their poorly written blogs.

  • i tend to be more conservative but its nice to see that even in a liberal haven like DC there are people with common sense on this comment thread. Its not the local branches that are the problem. Protesting local branches of these institutions is hurting the 99% they say they are trying to help. Its not the bank teller who is the problem.

    I know Occupy’s whole thing is about protesting any company that is publicly traded. Seems a bit hypocritical when a lot of these people probably buy products produced by the same companies they are protesting. Not all I suppose, but most.

    • Allison

      Yeah, I’m liberal as all get out, but I think Occupy makes my generation look bad. Sorry ass excuse for a “movement.”

      • People comming together to express their fustration with the corruption of system makes your generation look bad? Do you understand the gigantic institutional forces that crushed and discredited the movement? Very few movements in history are successful, might ows spark another movement that finally changes our system? Ows was very successful in getting the 99% vs the 1% meme out – its something everyone can relate too

  • Surprised all these young men and women were able to take time off their jobs to go do this.

  • I have to say, despite me not being entirely supportive of actions like, I’m surprised at the overwhelming negative reaction from the posters below.

    • gotryit

      It’s precisely because I support pressure on the banks to play fair with lending / foreclosures that I despise what these *****s are doing.
      If it was tea partiers, I could write them off, and not care that they’re hurting their cause.

      How about running a kickstarter campaign to raise money for legal assistance to fight unfair practices? Pressure our attorney’s general to take up causes where there’s more than just “irregularities”, but actual unfair practices. Raise awareness of that. I’d chip in , and I bet that a lot of people who visit this site would too. It would have more positive impact on the people who need it than raising awareness of your skinny jeans and unique facial hair.

      • No, that’s dumb. I’d rather play in traffic where REAL change can happen.

      • Noted and I agree with you. Just intrigued to see that on a site that generally offers well-reasoned/ sound arguments, so many people have such a base, visceral reaction to this protest. An observation more than anything else. Not the tone that I would have expected.

  • I actually work at a bank, so I’ve seen firsthand the sort of things that go on. Did some groups in banks act irresponsibly? Of course. Are the majority not even engaged in that sort of behavior? Again, of course. There were many other players in this system as well, including policy makers, but you can’t claim that consumers are 100% innocent here.

    Sure they may not have understood what they were getting into, but then don’t get into it. If you’ve never juggled flaming chainsaws before, maybe work your way up to it.

    That being said, ideally, banks should look out for their customers welfare, but that is not what they were set up to do (a few banks actually do). There is a need to reign in the riskier aspects of banking (high leverage, trading, etc) through targeted regulation. Dodd-Frank is just a huge and unfocused slash at banks that really does not hit many of the specific areas that need correcting. Also, the enormous cost is going to cause the consolidation of smaller banks, creating even more of those ‘Too big to fail” banks that everyone loves so much.

    Well, that’s my rant for now. Happy Monday everybody!

  • I can’t stand all these Occupy DC protesters, either. Maybe you guys and your Tea Party buddies can stage an anti-protest.

  • Spoof.

    I took out a mortgage I couldn’t afford. Hey I make $75k a year and got a mortgage of $550,000. It was a no verification, no down payment 3 year ARM loan at 4% interest. I was told that the payment would adjust after 3 years; I just didn’t pay attention. Then what happens in 2008 the rates go up and I can’t afford the payment. It’s NOT my fault for being so stupid and ignorant; it’s someone else fault. It must be the banks fault for extending me credit. So let’s see I don’t make the payment(s) and then hear someone saying the bank shouldn’t be able to foreclose on me because of paperwork; so I fight tooth and nail — even though I know I’m not paying for something I committed to doing. Again it’s not my fault that I overextended myself. I definitely deserve to have someone else pay for my bad choices.

    Really people?

    The financial crisis was caused by people NOT paying their mortgages. Granted a vast majority of these people should have never been granted mortgages in the first place but you had policy being pushed by Democrats (Barney Frank) and a few Republicans to increase home ownership at any cost. That still does not negate the fact that these people did NOT pay their mortgages. Again it is always someone’s else fault. Great to be in the land of Obama!

    You want to see a real disaster just vote for Obama again and within 10 years the entire financial system will fail due to the Federal Governments inability to keep spending in-check and reduce the deficit. I hope you’re living it up now like a drug induced whore because one day soon you will have to deal with the reality of these policies. The occupy movement is full of people who want to blame others for their bad choices in life!

    • While it might help you sleep at night, there are plenty of people who were responsible as far as their borrowing but now find themselves falling behind on their mortgage for one reason or another. From The Atlantic:

      In fact, about two thirds of foreclosure starts since 2010 have involved borrowers who took out 30-year fixed-rate amortizing mortgages. In other words, they took out what was supposed to be the safest, most responsible loan they could. Before 2010, only 40 percent of homes entering foreclosure were attached to 30-year fixed-rate mortgages. The borrowers who are falling behind today also have higher credit scores and have been making payments on their houses longer than those who defaulted early in the crisis.

      Second, Obama is the smallest spender since Eisenhower — Google the Forbes piece. (I’d link but that would send my comment into a moderation black hole.)

  • I can’t believe so many PoP readers are complaining about the protest and Occupy. Are you not paying attention? Romney’s ominous pronouncement about the 47 percent was not idle campaign chatter. The Wall Street bailout was bullshit. Predatory lending was real. You would never find me in an occupy encampment but I certainly support their right to free speech and more than understand their viewpoint. I’m a mom to 2 young children, went to boarding school, drive an Audi Q5 and just received my iPhone 5 today. I like Starbucks, too. (and I listened to punk rock back in the day, FWIW) Today’s “hipsters” are a joke. you resemble yuppies more than anything. All you care about is food. I’m sorry but eating kale is not a political statement. Get a life.

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