Occupiers set up living room in Bank of America lobby
A crew of occupiers makes a home of a Bank of America lobby with a couch, a coffee table, a rug and a potted plant. “Bank of America took our homes so we though we’d move in here!”
35% Myth: Tax Cheater Hall of Shame
And charge $5 for every account holder who uses a debit card. In addition to the new $12 monthly “account fees.”
“Whether you use your card for one purchase a month or 20, you will pay $5 per month starting in 2012. It doesn’t matter if you select “debit” or “credit” at the point of sale.”
I think it may be time for me to switch banks because I tend to avoid credit cards like the plague, spend too quickly when I have cash, don’t really enjoy carrying around large sums of cash, and thus, heavily rely on my debit card.
This exchange made my night.
I was worried about the future of the nationwide mortgage settlement after news that New York Attorney General Eric Schneiderman was booted from the council negotiating on behalf of the United States. Not anymore though, now that I know the state of Nevada isn’t back down either:
A top Bank of America executive was caught on camera yesterday whispering to Gov. Rick Perry (R-TX), “Bank of America. We’ll help you out,” as the GOP presidential candidate attended New Hampshire’s Politics and Eggs breakfast. The executive has been identified by the financial website Zero Hedge as James Mahoney, Director of Public Policy for the bank. Mahoney is on the board of directors for the New England Council, the sponsors of the Politics and Eggs breakfast.
Over the years Gov. Perry has benefited greatly from Bank of America’s financial support, and it appears that largesse will continue as he seeks the presidency on a platform of — coincidentally enough — bank deregulation. His gubernatorial campaigns have received $125,900 from Bank of America’s PAC and executives since 2003. During the 2010 cycle alone, Perry’s campaign received $30,160 from the bank’s PAC and executives. According to Texans for Public Justice, Bank of America has also given generously Republican Governors Association, which Perry led until recently and just happens to be his largest donor, contributing $4 million between 2001 and 2010.
Oh, I’m sure they’ll help him out just fine. Let’s not forget, some of Obama’s biggest donors also were from the financial sector/Wall St.
John Oliver meets with a Florida couple and rookie lawyer who foreclosed on Bank of America.
Yes, you read that right.
Bank of America got a taste of their own medicine!!!
Seems that some people who want the banksters to pay are taking matters into their own hands.
National People’s Action, one of the more aggressive progressive advocacy groups, has been deeply involved in street protests against foreclosure fraud and corporate greed. And today, they escalated those actions. 600 activists with NPA took over a DC branch of Bank of America today, handing over a “tax bill” to the large banking institution that they believe has cost states billions through tax avoidance and reckless speculation
This is part of National People’s Action’s Make Wall Street Pay campaign.
How much did Wall Street’s abuse cost you? Find out!
Fill out the form below to see what Wall Street owes you and your state, and tell Congress to collect!
Our country is facing a revenue crisis. There’s not enough money in our cities and states to support the investments needed to rebuild America. The good news is this: We know where the money is. While politicians might tell you differently, it’s not in Grandma’s pension. It’s not in the homes of families fighting off foreclosure. And it’s not in the pockets of American schoolchildren or schoolteachers.
It’s on Wall Street.
The big banks bankrupted our country. But we can rebuild America. And the big banks must pay their fair share.
Here are photos from today’s action.
Who is NPA?
National People’s Action (NPA) is a Network of community power organizations from across the country that work to advance a national economic and racial justice agenda. NPA has over 200 organizers working to unite everyday people in cities, towns, and rural communities throughout the United States.
[There’s more—just click]
Think Progress features this piece on USUncut, the U.S. version of the United Kingdom grassroots movement that dares to ask the impertinent question, “Why should our public services be slashed when we have huge corporations who don’t even pay any taxes?” I think this movement has real potential — its success in Great Britain is grounded in its broadbased appeal. After all, not many people agree corporations should pay less in taxes than they do.
Anyway, I hope you’ll check them out. The website has some good tips for organizing an action:
In an interview with In These Times, Carl Gibson, the founder of US Uncut, which is organizing some of today’s UK-inspired massive demonstrations against tax dodgers, explains that while ordinary Americans are being asked to sacrifice, major corporations continue to use the rigged tax code to avoid paying any federal taxes at all. As he says, if you have “one dollar” in your wallet, you’re paying more than the “combined income tax liability of GE, ExxonMobil, Citibank, and the Bank of America“:
[Gibson] explains, “I have one dollar in my wallet. That’s more than the combined income tax liability of GE, ExxonMobil, Citibank, and the Bank of America. That means somebody is gaming the system.”
- BANK OF AMERICA: In 2009, Bank of America didn’t pay a single penny in federal income taxes, exploiting the tax code so as to avoid paying its fair share. “Oh, yeah, this happens all the time,” said Robert Willens, a tax accounting expert interviewed by McClatchy. “If you go out and try to make money and you don’t do it, why should the government pay you for your losses?” asked Bob McIntyre of Citizens for Tax Justice. The same year, the mega-bank’s top executives received pay “ranging from $6 million to nearly $30 million.”
- EXXON-MOBIL: The oil giant uses offshore subsidiaries in the Caribbean to avoid paying taxes in the United States. Although Exxon-Mobil paid $15 billion in taxes in 2009, not a penny of those taxes went to the American Treasury. This was the same year that the companyovertook Wal-Mart in the Fortune 500. Meanwhile the total compensation of Exxon-Mobil’s CEO the same year was over $29,000,000. […]