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Forum Post: Matt Taibbi's letter to Occupy re; Bank of America

Posted 2 years ago on March 28, 2012, 10:24 a.m. EST by jph (2652)
This content is user submitted and not an official statement

"Matt Taibbi talks about Bank of America at an Occupy Wall Street day of action, February 29th, 2012. He wrote this article for OWS, and passed it out to the crowd. It's an informative and urgent call to action for Americans from all walks of life. ... The only way to prevent this kind of slide to total lawlessness is to break this unhealthy relationship between bank and government. It would be a great sign of America's return to healthier capitalism if we could allow one of the worst of public-private monsters, Bank of America, to sink or swim on its own, in the free market. We don't want Bank of America to fail. Our position is, it already is insolvent, and already has failed – and only our tax dollars, and our government's continued protection, is keeping that failure from becoming more common knowledge. There are many opinions about the nature of modern American capitalism. Some think the system is no longer able to meet the needs of ordinary people and needs to be radically overhauled, while others like it just the way it is."

from; http://truth-out.org/opinion/item/8145-matt-taibbi-bank-of-america-is-a-raging-hurricane-of-theft-and-fraud

Seems to be very level headed and easy for all to get on board with. Both the 'left' and 'right' parties have kept this criminal enterprise going, we must demand that this changes.

4 Comments

4 Comments


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[-] 5 points by enough (589) 2 years ago

As long as government officials and market regulators remain joined at the hip, the fabric of our society will remain torn and tattered. There exists a festering poisonous atmosphere where anybody paying attention knows that elected officials are bought and beholden to banking interests. We want it to stop or there will be no peace. Phony lip-service by politicians, including the POTUS, are not working. #OWS protests are just the beginning of Main Street's crusade against the blatant white collar racketeering carried on by Wall Street interests and their government enablers. Unrelenting pain has been inflicted on honest Americans and our government keeps running interference for greedy punks.

[-] 2 points by jph (2652) 2 years ago

Quite well summed up!

[-] 1 points by Odin (583) 2 years ago

OK..here is my situation with Bank of America. My BOA credit card is tied to Alaska Airlines which I am not happy about, as I realize that this bank is the worst of the worst. I have paid down all my several thousand dollar debt that I had on that credit card....but still use it to earn miles so that I can visit my kids and granddaughter in AK.

I pay my card off every month over the phone, and every time that I do, I do not use the automated system and instead go with a live person. After paying my balance off in full...they usually ask me to transfer my balances from my other credit cards to them. THEN the fun starts....I calmly proceed to give them a lecture on what a criminal organization that they are and they should be ashamed at what they have done to the American people...and often telling them that I am active member of OWS. They usually feign ignorance to all of their misdeeds So I tell them that is easily googleable...just google, 'BANK OF AMERICA CORRUPT.' Before hanging up, I ask them to tell their manager my feelings. Only today in fact, I went through this monthly ritual.

I mean...I know that I should just close my account...and I will once I find another credit card with a good mileage plan and interest rates...but until then, I am having fun. Can I get a pass from OWS in the meantime? :-)

[+] -5 points by DKAtoday (34875) from Coon Rapids, MN 2 years ago

Great post. This is the information that needs to be communicated for all to see. Along with recommendations as to what everyday people can do to add their voice to the protest and call for justice.

Links to petitions or petition sites.

Marches upcoming locations and dates.

Presented on hand-outs as well as put out to social media.

http://truth-out.org/opinion/item/8145-matt-taibbi-bank-of-america-is-a-raging-hurricane-of-theft-and-fraud