An internal email was sent out to all Bank of America Corp Field Services regarding the Dec. 6th National Day of Action to Occupy Our Homes. See the email below.
The email reads that this event “could impact our industry." Well, yes, BAC, that is our hope. Thanks for noticing!
The email further includes specific warnings to BAC “field services” agents:
1. Your safety is our primary concern, so do not engage with the protesters;
2. While in neighborhoods, please take notice of vacant BAC Field Services managed homes and ensure they are secured;
3. Remind all parties of the bank’s media policy and report any media incidents to 1-800-796-8448 or email at firstname.lastname@example.org.
Aside from the superficial implications, what is more important is that the big banks are showing precisely what the weakest links in the system are, and what makes them the most nervous. It is not protesters living in tents in a major metropolitan city; it is protesters disrupting the lifeblood of the broken banking system - the home selling/repossession pathway.
Let us never forget that it was the Bank of America and the other huge financial institutions on Wall Street who caused the recession that we are in resulting in millions of people losing their jobs, their homes, their life savings. Let us never forget that when Wall Street was on the verge of collapse it was the American people and the Fed who bailed them out. And now that Wall Street and the large banks are making very handsome profits, paying their CEOs some of the largest compensation packages they’ve ever received their thank you to the American people was to charge them five dollars a month debit fee. Well, you know what happened? The American people said thanks, but no thanks. It wasn’t the Senate that turned this around. It wasn’t the House that turned this around. It was the American people and I want to applaud the people for the Occupying Wall Street campaign who focused attention on the greed of Wall Street and the millions of other Americans who have said enough is enough. So, today I want to congratulate the American people. You did it. You took on the largest financial institution in the United States of America and you beat them.
BFF2 is reading up on this, and tells me that you MUST disconnect all payment accounts, too, or they will keep paying your bills and charge you overdraft fees.
We are having a hard time determining what this mean, like if this means your autopay accounts (which is what we believe) or if it’s even more insidious than that.