Hundreds protest banks in LA

[FreakinDJ]

Hundreds protest banks in LA

Several hundred protesters marched through the financial district in Los Angeles to protest the banking industry as part of "Bank Transfer Day," a grassroots movement that has been championed by the nation's Occupy Wall Street protests.

Organizer Jacob Hay says that before Saturday's march, several dozen people gathered at California Plaza for an en masse cancellation of their accounts at Bank of America, Wells Fargo, Chase and other large banks in favor of credit unions and smaller institutions.

The Los Angeles Times reports some shouting and pushing broke out during the march when a counter-protester taunted the crowd and at one point grabbed an organizer's microphone.

There have been no reports of any arrests.

Read more: http://www.sacbee.com/2011/11/05/4032991/hundreds-protest-banks-in-la.html#ixzz1cvuMAEvi

[FarCenter]

1. CountryWide, WaMu, and Wachovia should have been allowed to fail

Bank of America, Chase, and Wells Fargo should never have acquired them.

Bad decision on the part of BofA, which is the renamed Nations Bank of Charlotte, to acquire CountryWide.

Bad decision on the part of First Union (later renamed Wachovia) to acquire Golden West, and Wells Fargo should not have succumbed to government pressure to rescue Wachovia.

Bad decision by Chase to succumb to government pressure to rescue WaMu.

California should have been made to clean up its own mortgage finance mess.

[FreakinDJ]

2. It wasn't only California's Mortgage Mess

I thought divisive politics was only employed by the Rightwing Ditto Heads

[girl gone mad]

3. is it re-write history day on DU?