350-400 Gather to Protest B of A and the Wall St. Banks at Copley Square!

A Second video from May 14th (6 min) …a larger size version of this video is on the May 14 page under “Videos”

May 14th 2011: 350-400 gather to protest B of A and the Wall St. Banks! (photo by Joe Oliverio)

To watch an 8 1/2 minute video click here.
or here to go to our May 14th Photo Gallery.
Our allies at Lynn United have a nice album here!

On Saturday May 14th, the growing movement of Bank Tenant Associations showed our power! Springfield Bank Tenants and the Springfield No One Leaves Coalition traveled by bus to join 350-400 from across Massachusetts and Providence to protest Bank of America and the Wall St. Banks and deliver the first of many “sentences” demanding that banks give real modifications that include principal reduction and STOP all no-fault evictions of families after foreclosure.

Sellou Diaite and David Dunwell of Springfield,  joined other families who have been victimized by Bank of America to give testimony focusing on the issue of principal reduction and no-fault evictions after foreclosure. Speaker after speaker described their unsuccessful efforts to get loan modifications from B of A, explaining that their loans are “underwater” (property value much less than loan value).  Each noted that only principal reduction can make the loan modification process work.

Following powerful testimony from bank tenants across the region, a multi-city delegation of 10 people, crossed the street to deliver a “Guilty Sentence” to the Branch Manager of the Bank of America branch at Copley Square. When prevented from entering the bank, protesters already inside the bank started chanting and singing.  When they were ushered out by police chants grew even stronger, booming throughout Copley Square and bringing in the collective attention and involvement of hundreds of others in the area.

The growing movement will be continuing to build power locally, now in 8 different cities, statewide and nationally as we continue to organize to hold banks accountable and demand principal reduction and an end to no-fault evictions!

WHY DO WE NEED PRINCIPAL REDUCTION?!
Click Here to download an FAQ about Principal Reduction

This rally was organized by Bank Tenant Associations in 8 different cities throughout the greater New England Region:
City Life/Vida Urbana, The Chelsea Collaborative, Springfield No One Leaves Coalition, Worcester Anti-foreclosure Team, Direct Action for Rights and Equality (DARE-Providence, RI), Lynn United for Change, The Merrimack Valley Project, and Mass Alliance Against Predatory Lending.


About SNOL

Springfield No One Leaves is a member-led community organization dedicated to organizing families most affected by the economic & foreclosure crisis. We organize against displacement and eviction and to defend our homes and our communities. Springfield Nadie Se Mude es una organización comunitaria dirigida por nuestros miembros y dedicada a organizar residentes más afectados por la crisis económica y de ejecuciones hipotecarias. Organizamos contra desplazamiento y desalojo y para defender nuestros hogares y nuestras comunidades.
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