No one knows the fate of OWS demonstrations, though the future of this kind of political protest is short (for good or ill) in our culture of short attention spans and celebrity saturation. So, if there is any credence to the notion that the "Internet" and now "social media" will be the wave of future political change, then perhaps this is the time to get serious about it. We have some issues which may be well-suited to the "new media" as well as flesh & blood politics.
http://www.bizjournals.com/sanfrancisco/news/2011/10/21/bank-of-america-derivatives-merrill.html"It's a move the lawmakers say could put taxpayers on the hook for big losses - three years after the bank received billions in bailouts from the federal government.
More than a dozen Democratic members of Congress, including U.S. Rep. Brad Miller of North Carolina, wrote to federal regulators Thursday, asking why they allowed the move of derivatives into the retail bank, which contains deposits insured by the Federal Deposit Insurance Corp."
And Bank of America isn't through with its cock-strut:
http://abcnews.go.com/Business/bank-america-fee-free-society-competitive-economy-lead/story?id=14692846"This week, Senator Dick Durbin (D-Ill.) made a remarkably pithy statement on the floor of the Senate that Bank of America patrons should "vote with your feet, get the heck out of that bank."
"By now, everyone who reads, watches and listens knows that Bank of America instituted a five dollar per month charge for usage of its debit cards effective early next year, and, of course, that's what prompted Durbin's remark."
And in a somewhat unrelated development:
http://www.reuters.com/article/2011/10/25/idUS375477277620111025"Netflix stock plunged another 35 percent throughout the day after falling nearly 30 percent in the wake of a bruising announcement that the company had shed 800,000 subscriptions during the third quarter.
Analysts told TheWrap that the stock collapse -- a 75 percent drop in Netflix’s market value in four months -- has not yet hit bottom."
What links all this together? If the new media has any juice for the 99%; if OWS has anything to offer folks beyond the probably short-lived demonstrations, then I suggest:
An organized OWS effort, nation- and world-wide, to get folks to pull out of Bank of America. Further, an organized effort should be made to put the heat on Congress and what's left of the "liberal base" to prevent BOA's corruption of FDIC, and to prevent any other such future shenanigans, and to make it an issue for the Democrats and against the GOP. Call on ALL potential supporters (yes, even the Tea party) to join in. If Netflix can suffer such a fate in the barely "democratic" publicly-traded stock market, then Bank of America can get hammered in both the market AND on the more structured political front.
This would be only a test case, to see if such a DIRECTLY DEMOCRATIC measure can be taken. It would require high organization and creativity, but in the end this measure is merely an aggressive, populist and measured means to take some control back. And it would only be a start to see if the OWS ship can stand sea trials in preparation for fleet action.
This from a computer-illiterate.