The protests at the NATO summit in Chicago weren’t the only ones over the weekend. A group of about 1,000 bank accountability advocates drove to the front of Timothy Geithner’s house in Bethesda, Maryland, on Sunday, and tried to get an impromptu meeting with the Treasury Secretary. Nobody answered the door, however.
“Wall Street crashed our economy and the regular citizens of the United States are tired of being marginalized,” Bobby Tolbert, of New York, one of the group’s organizers, said on the street in front of Mr. Geithner’s house.
Mr. Tolbert and others present said the demonstration was organized by National People’s Action, an umbrella group of local and state community groups. The group’s website says it seeks “to advance a national economic and racial justice agenda.” A note posted on the group’s face book page said, “NPA is on Tim Geithner’s front lawn. We’re here to ask him to hold banks accountable for crashing our economy & stand with the 99%.”
Geithner actually met with several National People’s Action members about a year ago, so I guess they didn’t appreciate the lip service and decided to request a follow-up. They specifically focused on investigations of Wall Street (I’m not sure Geithner’s the best contact for that) and a financial transactions tax (which Geithner has specifically shut down, so they’re on target right there). Really, Geithner should be reminded every day that his friends on Wall Street broke the law, and most of the public believes they should be brought to justice. There’s a Flickr set from the protest here.
NPA was busy yesterday, also appearing outside the home of Peter Scher, the top lobbyist for JPMorgan Chase. Needless to say, they had a long list of items for him, including a request that Jamie Dimon step down from the board of directors of the New York Federal Reserve Bank, as well as a demand that Chase to write down principal on underwater mortgages on a mass scale.
And as part of NPA’s national conference, they plan more unannounced visits to the homes of key political and banking interests in the DC area. In fact, today, they have an announced visit. Hundreds of members of the bank accountability group will meet with HUD Secretary Shaun Donovan in Washington on a variety of issues around housing and foreclosures.
I’m all for making power extremely uncomfortable, so good for NPA.
…the activists have now moved on to the Federal Housing Finance Agency, where they are brandishing a 30” x 40” pink slip for Ed DeMarco, the acting director of FHFA, who has refused to allow for broad principal reduction on loans owned or guaranteed by Fannie Mae and Freddie Mac.