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Bank vs. America Showdown: Massive Protests at BofA Shareholder's Meeting

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99% will Demand End to Foreclosures, Tax-Dodging and Environmental Damage
Monday, May 7, 2012

Media Advisory for May 8 and 9, 2012

Kerul Dyer, 415-866-0005, kdyer@ran.org 

CREATIVE ACTION & PHOTO OPPORTUNITIES: Including the BofA vs the 99% Boxing Match, a giant Debt Ball, Mass Marches and Visions of an Economy that Works for People and the Planet

(Charlotte, NC) On Wednesday May 9th, over 1500 people from a broad coalition of workers, seniors, families fighting foreclosure, students, the unemployed, environmentalists, and more – will converge in Charlotte - the Wall Street of the South - to protest Bank of America’s annual shareholder meeting. Reporters are invited to a pre-briefing on May 8 at 1:00 p.m. Eastern at  
800-862-9098 or 785-424-1051.

The 99% Power Coalition is coming to BofA to demand:

  • Pay its fair share. Stop draining government of revenue. Pay the statutorily required 35% corporate income tax instead of gaming the system through off-shore tax shelters, loopholes, and scams.
  • Stabilize the housing market and revitalize the economy Reduce principal for all underwater homeowners to current market value. This would end the foreclosure crisis, reset the housing market, pump billions of dollars back into the economy, and create 1 million jobs a year.
  • Fund the future — not dirty coal  Stop financing for the coal industry and shift the balance of energy financing to support renewable power generation that is less threatening to our environment and health.
  • Invest in American jobs  Invest in small businesses, the main source of jobs in the U.S.


This mass mobilization comes on the heels of a string of Bank of America scandals, including the consumer uprising against debit card fees, and settlements for robo-signing and predatory lending practices. BofA is continuing this abominable record by considering new checking account fees to make even more money off the 99%. Meanwhile the foreclosure crisis they helped cause is deepening as is the environmental crisis they contribute to by being the #1 investor in the coal industry. Also on May 8, 99% Power will have actions at BOA offices across the country, including Boston, New York, Detroit, Chicago, and Providence.


Tuesday, May 8

What: National press briefing call on Bank of America shareholder protest

Who: Moderator:  Amanda Starbuck, Rainforest Action Network

Bob Kincaid, Coal River Mountain Watch

David Dunhill, Right to the City

Brigid Flaherty, Pushback Network

When:  Tuesday, May 8, at 1 p.m. Eastern

Where: Dial into 800-862-9098 or 785-424-1051

 Conference ID: BOFA. Program Title: Bank of America Shareholder Meeting

Wednesday, May 9

Who:  99% Power, a broad coalition of workers, seniors, families fighting foreclosure, students, the unemployed, coal-impacted community members, members of Occupy Wall Street and everyday people.

What: Three feeder marches will converge and rally and will feature Bank vs. America boxing match, attendance at meeting, press availability afterward to report results.  

When: Logistics Briefing at 7:30 a.m. at Trade and Tryon in Charlotte

Marches start at 8:30 a.m.

“Bank vs. America” boxing match at 9:00 a.m.: Trade & Tryon

Shareholder meeting begins at 10:00 a.m.

Press conference for 99% Power protesters, shareholders to report results at 2:00 p.m.


Where:
Housing Justice Now march: Bank of America, N. Tryon & 9th St.
Stop Funding Coal march: The Green, Tryon & Levine Ave of the Arts
Worker’s Rights and Occupy: Old City Hall, Davidson & 4th St
“Bank vs. America: We Will Win” boxing match at 9:00 a.m.: Trade & Tryon

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99% Power protests are targeting corporations including Bank of America, Wells Fargo, GE, Verizon, Sallie Mae, Wal-Mart, and Verizon -- directly challenging the 1% board members and executives whose actions have expanded inequality, threatened democracy, destroyed the environment, and driven countless Americans from their homes. This spring represents the largest mobilization on shareholder meetings in U.S. history. For more information, please visit http://www.the99power.org/

 

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Rainforest Action Network runs hard-hitting campaigns to break North America’s fossil fuels addiction, protect endangered forests and Indigenous rights, and stop destructive investments around the world through education, grassroots organizing, and non-violent direct action. For more information, please visit: www.ran.org

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