UNION — Anger at politicians, Wall Street and big banks is fueling hundreds of protests across the globe and a group of New Jersey citizens will visit the Bank of America branch at 1930 Morris Avenue in Union on Nov. 5 to encourage consumers to close their accounts as part of a Move-Your-Money protest.
Outspoken Union County resident James J. Devine said the action is a response to the bank’s refusal to pay their fair share in taxes, halt unfair foreclosures, and adequately lend to small businesses — all while accepting taxpayer bailouts.
“Income disparity is a growing problem for the nation because America’s ideals of equality and opportunity are deprived by greed among those who have the most wealth and wield the greatest power,” Devine said. “Saving Social Security, Medicare, our right to a decent wage, freedom, justice and security all require that our government officials address the most urgent problems and put Americans back to work but they cannot do that while 375,000 Americans with incomes over $1 million pay a lower tax rate than middle-class workers or while corporations that make billions in profits pay no income taxes.”
“The Wall Street bailouts really triggered a massive grassroots rebellion against the status quo,” said Devine. “Angry Americans are speaking out and taking action — through the Tea Party movement, Occupy Wall Street and MoveOn.org — because we want justice, equality and the respect of those politicians who have been hired to serve the public.”
Devine said protesters will show examples of homes in Union Township that have been foreclosed upon by Bank of America — a recipient of $45 billion in bailout funds and a guarantee of $118 billion in potential losses from the Troubled Asset Relief Program (TARP).
“The United States saved Bank of America from its own greed and Bank of America destroyed thousands of American families while holding of 12.2% of all U.S. deposits,” said Devine. “Moving money out of Bank of America will help shrink one of those financial institutions considered ‘too big to fail’ to a more responsible size.”
Devine said citizens who want to join the protest can sign up online at http://bit.ly/s7Kliw or http://bit.ly/s3X3IU
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