Meet a left-wing housing entitlement thug

By Michelle Malkin  •  March 27, 2008 02:03 PM

Yesterday afternoon, a bunch of screeching left-wing radicals invaded the Bear Stearns headquarters in Manhattan demanding aid for homeowners. As you know, I oppose federal bailouts of every make and model–and that includes both the Bear Stearns deal and the bipartisan stimulus-palooza. The bailout protesters who held their demonstration yesterday, however, are totally unhinged. And out of control:

About 60 protesters opposed to the U.S. Federal Reserve’s help in bailing out Bear Stearns (BSC.N) entered the lobby of the investment bank’s Manhattan headquarters on Wednesday, demanding assistance for struggling homeowners.

Demonstrators organized by the Neighborhood Assistance Corporation of America chanted “Help Main Street, not Wall Street” and entered the lobby without an invitation for around half an hour before being escorted out by police…

… After leaving Bear Stearns, the crowd moved to JPMorgan.

We will go to their neighborhood, we will educate their children on what their parents do. They should be ashamed,” NACA founder Bruce Marks said of employees at both banks.

The nutroots call me a “stalker” for publicizing public contact information of anti-war zealots and for researching, documenting, and challenging the assets of a Democrat poster family for massive government health insurance expansions. But check out this Bruce Marks.

He has a record of showing up at children’s schools and bullying them because of their parents’ employment in the name of social justice.

Has he earned scorn and condemnation? Of course not! As a reward for his tactics, Marks–who proudly calls himself a “bank terrorist”–was named “Bostonian of the Year” in 2007 by the Boston Globe. The paper praised his “sensible innovation.” Seriously:

IT MAY SEEM LIKE AN UNUSUAL CHOICE, given that Marks is a controversial character who once infamously called himself a “bank terrorist.” But this is no ordinary time, and it seems uniquely suited to Marks’s curious blend of in-your-face activism, customer-focused service, Machiavellian angling, and social-justice passion.

Over the years, as part of his permanent campaign to browbeat banks into giving fair loans to low- and moderate-income people, Marks and his yellow-T-shirted followers have swarmed shareholders’ meetings with enough force to shut them down. They have picketed outside the schools attended by the children of bank CEOs, pressing the youngsters in signs and chants to answer for the actions of their daddies. And they even once distributed scandal sheets to every house in one CEO’s neighborhood, detailing the affair he was allegedly having with a subordinate. In time, that CEO, like most of the others that NACA targeted, sat down with Marks and signed a deal.

To those who found his tactics an outrageous invasion of bank executives’ personal lives, Marks refused to acknowledge any line between home and work. “What you do is who you are,” he says. “It’s all personal.”

Let me repeat the threat he issued at the Bear Stearns protest yesterday:

“We will go to their neighborhood, we will educate their children on what their parents do. They should be ashamed.”

If any prominent liberals have criticized Marks’ tactics, I haven’t heard them.

Have you?

***

Reader Rich zeroes in on Marks’ shakedown racket:

Michelle,

Poke around Bruce’s website and you will see that he requires those he arranges mortgages for (yes, Bruce Marks is a Mortgage Broker) to participate in this “action”.

link

His most recent source of money is Bank of America. Now he storms Bear Stearns (not the first time mind you) who is tapped dry of funds. I would look for some “partnership” to develop between NACA and JPM Chase (the next owner of Bear Stearns).

One thing I would like to know is how much does Bruce make from NACA? He might be the best paid mortgage broker in the country right now.

~ For the latest breaking news, be sure to join Michelle's e-mail list ~
Posted in: Subprime crisis

See what others have said

Note from Michelle: This section is for comments from michellemalkin.com's community of registered readers. Please don't assume that I agree with or endorse any particular comment just because I let it stand. A reminder: Anyone who fails to comply with my terms of use may lose his or her posting privilege.

Comments


  1. #1
    On March 27th, 2008 at 2:10 pm, John Ansell said:

    In time, that CEO, like most of the others that NACA targeted, sat down with Marks and signed a deal.

    So he makes his money by extortion. What a loser.

  2. #2
    On March 27th, 2008 at 2:12 pm, PBoilermaker said:

    I hate liberals. I really do.

  3. #3
    On March 27th, 2008 at 2:16 pm, 30 pcs of silver said:

    “We will go to their neighborhood, we will educate scare the bejeezus out of their children on what their parents do. They We should be ashamed.”

    There I fixed it for him. Harass and threaten and when that doesn’t work – “peacably assemble.”

  4. #4
    On March 27th, 2008 at 2:16 pm, 30 pcs of silver said:

    Pb, short and sweet. I find it very difficult not to.

  5. #5
    On March 27th, 2008 at 2:18 pm, Citizen Duck said:

    …pressing the youngsters in signs and chants to answer for the actions of their daddies.

    Disgusting.

    So he makes his money by extortion.

    One man’s “extortion” is another (liberal) man’s “social justice.”

  6. #6
    On March 27th, 2008 at 2:19 pm, guspapa said:

    Jesse Jackson will no doubt give this guy an award for strong arm extortion tactics.

  7. #7
    On March 27th, 2008 at 2:19 pm, bloghooligan said:

    extortion…exactly. but this extortion’s OK, because he’s doing it for a good cause: the (all encompassing) poor.

    meanwhile, it’s because banks over the last few years loaned money to the undeserving that we – the ones who pay our mortgages on time – are now suffering economically.

  8. #8
    On March 27th, 2008 at 2:23 pm, letget said:

    PB#2
    I agree 100%.
    L

  9. #9
    On March 27th, 2008 at 2:24 pm, Perfesser said:

    Why would MSM or Dems leadership speak out? He’s working from their “for the children” playbook.

    To those who found his tactics an outrageous invasion of bank executives’ personal lives, Marks refused to acknowledge any line between home and work. “What you do is who you are,” he says. “It’s all personal.”

    Hmmm. No such thing as “private lives?”

    First the environuts harass and firebomb the homes of researches. Now this guy goes after the children of people he doesn’t like. Who’s next? Why is homeschooling under such intense attack?

    Beware. Be warned.

  10. #10
    On March 27th, 2008 at 2:24 pm, terrig said:

    PB, I agree 1000%.

  11. #11
    On March 27th, 2008 at 2:26 pm, d1carter said:

    What a thug! He can’t get adults to listen so he strong arms their kids. I just wonder does he have children?

  12. #12
    On March 27th, 2008 at 2:27 pm, max said:

    not extortion… child abuse…creep…

  13. #13
    On March 27th, 2008 at 2:28 pm, J S Ragman said:

    On March 27th, 2008 at 2:19 pm, bloghooligan said:

    meanwhile, it’s because banks over the last few years loaned money to the undeserving that we – the ones who pay our mortgages on time – are now suffering economically.

    Bingo!

  14. #14
    On March 27th, 2008 at 2:29 pm, emjem24 said:

    What about the freaking responsibility on the part of the irresponsible homeowners who took on too much house, agreed to sub-prime mortgages or just mortgage agreements they either didn’t read or didn’t understand? Yes, there are many bankers who used the sub-prime loans to package attractive collateralized debt for their investors. Both need to take some responsibility.

    However, to terrorise their families, their kids and “educate” them on the error of their parents’ ways? If anything, banks loaned out a lot of easy credit to people who didn’t qualify for it in legitimate ways or couldn’t manage it when they did receive it. Easy credit is one thing, accepting it and claiming you’re blameless because those mean, nasty bankers “conned” you into taking on a questionable loan… that just doesn’t pass the “should I pay for your bad choices?” test.

  15. #15
    On March 27th, 2008 at 2:33 pm, 30 pcs of silver said:

    This is what happens when you open the entitlement door. You don’t get to leave it ajar and pick and choose who gets to come through. Oh no, that door must be kept wide open for all to come and go as they please. As a conservative I say, bolt the damn door shut and if that doesn’t work, then we’ll have to just bulldoze the place.

  16. #16
    On March 27th, 2008 at 2:35 pm, ChePibe said:

    If any prominent liberals have criticized Marks’ tactics, I haven’t heard them.
    Have you?

    The left has yet to meet a “Marks” it doesn’t like.

  17. #17
    On March 27th, 2008 at 2:35 pm, geminicontender said:

    We will go to their neighborhoods and indoctrinate them!

  18. #18
    On March 27th, 2008 at 2:37 pm, nyc123me said:

    I would love to see how many people this clown brokered finance for that could not afford it, just so he could make a profit.. I bet there’s plenty of them.

    This is a mortgage broker (bad start already) that attacks children because he doesn’t like who their parents work for. That right there would be enough for me to want to hospitalize him. Wonder how he’d react if I went after his kids because I believe all mortgage brokers are responsible for the current crisis? It certainly would make at least as much sense as his justifications for doing it.

  19. #19
    On March 27th, 2008 at 2:39 pm, Simmer said:

    This guy is a self righteous do-gooder playing the typical liberal shell game. Here is a press release from John Kerry:

    Senators John Kerry and Edward Kennedy, …will receive federal funding to provide counseling to families and individuals facing the threat of foreclosure. The Neighborhood Assistance Corporation of America will receive $15,000,000 and Lawrence Community Works will receive $161,798

    So basically, he gets liberal legistlators to back him and he harasses banks with lawsuits (to be decided by liberal judges) to fund his business(NACA). NACA then uses the spoils to renegotiate loans with high-risk borrowers. What does he care? He looks like a savior by risking our money.

  20. #20
    On March 27th, 2008 at 2:40 pm, Wearyman said:

    On March 27th, 2008 at 2:24 pm, Perfesser said:
    Beware. Be warned.

    More importantly: Be Armed.

    Wacko Libs will stop at nothing to get their way, not even violence. Be prepared to defend yourself.

  21. #21
    On March 27th, 2008 at 2:40 pm, xler8bmw said:

    Isn’t extortion and blackmail illegal or did the Pelosi group pass legislation it’s legal!

  22. #22
    On March 27th, 2008 at 2:41 pm, cpodug said:

    then we’ll have to just bulldoze the place.

    Think this might get the job done?

  23. #23
    On March 27th, 2008 at 2:42 pm, secondsight said:

    Thanks, Michele. It’s always a good thing to examine the men with the bullhorn.

  24. #24
    On March 27th, 2008 at 2:46 pm, xler8bmw said:

    Before this liberal idiot beats up on banks for not supporting low income loans he might want to read up on the LOVELY Community Reinvestment Act. This was signed into law by no other than Jimmy Carter and revised by no other than Bill Clinton. This act forced banks into so called predatory lending. becuase banks were forced to give loans to people who couldn’t afford them in neighborhoods of high risk!

  25. #25
    On March 27th, 2008 at 2:47 pm, RaisedRight said:

    “We will go to their neighborhood, we will educate their children on what their parents do. They should be ashamed.”

    This is truly sick.

    Let’s see here, I am disgusted by the actions of Eliot Spitzer and I think he is a terrible man… How would the people applauding Marks react if I were to confront Spitzer’s daughters? How about if I track down the Obama children at school and make them answer for their parents’ America-bashing? That would obviously be wrong. I will never understand the one-sided liberal mindset.

  26. #26
    On March 27th, 2008 at 2:56 pm, tommad said:

    I protect my home and family with steel. I advise others to do the same.

  27. #27
    On March 27th, 2008 at 2:57 pm, zorro said:

    These people have got to be mentally ill. Seriously.

  28. #28
    On March 27th, 2008 at 3:13 pm, Simmer said:

    Th e phrase “predatory lending” is an oxymoron. The adjective “predatory” should be used to describe actions that are forced on one of the parties. How about “predatory taxes” or “predatory legal action”. Those are actions where someone gets devoured.

  29. #29
    On March 27th, 2008 at 3:14 pm, Perfesser said:

    On March 27th, 2008 at 2:40 pm, Wearyman said:
    …Wacko Libs will stop at nothing to get their way, not even violence. Be prepared to defend yourself.

    Wise counsel, indeed!

    As for Marks, can’t he be charged with felony stalking?

  30. #30
    On March 27th, 2008 at 3:16 pm, xler8bmw said:

    # 28 WHAT!?

  31. #31
    On March 27th, 2008 at 3:19 pm, Boomer said:

    The performance artists of the extreme left continue to act like spoiled self absorbed children badly in need of some discipline. The time is coming when someone will give them the spanking they need and if not careful it will be one they will not be able to survive.

    Just like the race hustling Jesse Jackson and his Rainbow Coalition Mr. Marks proves extortion is profitable when going after big bad corporate America.

  32. #32
    On March 27th, 2008 at 3:26 pm, ArmywifeArmymom said:

    What kind of school allows this zealot whacko to even get near the kids at all? How in the world can these people protest schools, unless it is at a significant distance?

    I am a peaceable person, but I will tell you one thing… if any protesting whacko got near any of my kids I would go Patton on his Machiavellian hide. Kids are off limits. Leave them be.

  33. #33
    On March 27th, 2008 at 3:31 pm, tre said:

    Haven’t those banks heard of “Security Guards”? They’re armed people who are hired to keep dangerous people out. If the banks had a few of them around, they could keep Bruce Marks and his ilk out.
    As for the schools, someone should have called the police.
    When he goes to peoples homes they should: 1, get a restraining order, then, 2, get a .357 magnum and a 12 gauge pump.

  34. #34
    On March 27th, 2008 at 3:32 pm, whm3113 said:

    “Over the years, as part of his permanent campaign to browbeat banks into giving fair loans to low- and moderate-income people,…”

    Isn’t this the banking policy that created the sub-prime meltdown? Lending money to people who can’t afford to repay is not a good idea, from any perspective (other than Communism.)

  35. #35
    On March 27th, 2008 at 3:33 pm, DaveC said:

    He has a record of showing up at children’s schools and bullying them because of their parents’ employment in the name of social justice.

    one day he’ll find a parent not afraid to cross the line back at him..

  36. #36
    On March 27th, 2008 at 3:34 pm, whm3113 said:

    Haven’t those banks heard of “Security Guards”? They’re armed people who are hired to keep dangerous people out. If the banks had a few of them around, they could keep Bruce Marks and his ilk out.”

    We can’t imagine the firestorm that would result from a civilian security guard actually touching one of the protesters.

  37. #37
    On March 27th, 2008 at 3:36 pm, cpodug said:

    Aren’t they in the same league as bank robbers? And security guards are there to stop robberies.

  38. #38
    On March 27th, 2008 at 3:43 pm, JohnnyD said:

    On March 27th, 2008 at 3:13 pm, Simmer said:
    Th e phrase “predatory lending” is an oxymoron. The adjective “predatory” should be used to describe actions that are forced on one of the parties. How about “predatory taxes” or “predatory legal action”. Those are actions where someone gets devoured.

    How about “predatory activism”? I think that would describe this horrible man’s actions perfectly!

    Come to think of it, Code Pink fits that description quite well too.

  39. #39
    On March 27th, 2008 at 4:00 pm, Boomer said:

    ArmywifeArmymom #32 I like the way you think. Military wives do know how to deal with idiots and Mrs. Boomer is also just as tolerant of those that would mess with the kids.

  40. #40
    On March 27th, 2008 at 4:09 pm, rightisright said:

    I’m in full agreement ArmywifeArmymom, maybe I’m a little barbaric for some, tuff stuff, but if this clown or any other messed my kids it would be the last kid they said boo too.
    Anyone notice our resident trolls aren’t to be heard from here today? hhhmmmm…maybe their in transit…from BSterns.

  41. #41
    On March 27th, 2008 at 4:09 pm, DanME said:

    Sounds like it’s time to picket his house and expose him on O’Reilley.

  42. #42
    On March 27th, 2008 at 4:13 pm, ctmom said:

    What do these “protestors” do for a living that they are always available for these “protests”?

  43. #43
    On March 27th, 2008 at 4:18 pm, dan708 said:

    In all its manifestations, socialism can be an ugly thing to behold.

  44. #44
    On March 27th, 2008 at 4:44 pm, jcflindsay said:


    But this is no ordinary time, and it seems uniquely suited to Marks’s curious blend of in-your-face activism, customer-focused service, Machiavellian angling, and social-justice passion.

    Over the years, as part of his permanent campaign to browbeat banks into giving fair loans to low- and moderate-income people, Marks and his yellow-T-shirted followers have swarmed shareholders’ meetings with enough force to shut them down.

    Customer focused… YOWWZZA!! OK. Now I’m thoroughly confused. This guy browbeats banks into lending to high risk borrowers. They lend to these borrowers who susequently default by the legions. The banks go belly up. And now this SOB is wanting MORE? He is the perfect Marxist! “Gimme whacchu got and shame on you for not giving me all I want – you bastard.” This guy needs electroshock therapy and a lobotomy. The banks get bailed out because 70% of any economy is based on public trust in the system. Congratulations moron, you have a personal responsibility for helping to undermine that trust. It is you who should be ashamed. But since you know neither personal responsibility, trust, and lack a basic understanding of economics, you will feel nothing but a lust for more of the same.

  45. #45
    On March 27th, 2008 at 4:50 pm, jcflindsay said:

    If the last lender in the world gave away the last loan to the last needy person, would anyone ever need a lender again?

    Selah….

  46. #46
    On March 27th, 2008 at 5:06 pm, Watcherdownsouth said:

    This guy is a for-real cultist.

    Wackjob. Although dangerous to the financial system, he is even more dangerous to his own “clients”.

    His outfit does operate as a mortgage lender/broker. And yes, they do offer attractive rates. But the rates come with a price.

    A borrower must “join the cult”, for lack of a better term, to get the good rate. They must attend his version of homebuyers counseling, which is more in the lines of radical activism training, prior to getting approved for the loan.

    His outfit then takes out a lien in second position on the borrower’s house, and the borrower must perform a certain number of hours/days of activism per year to stay in good graces — i.e. attending rallies, picketing various companies and banks, etc. If you do not perform, they own you.

    The world is round, though, and his blackmailing, hateful ways are going to come back on him shortly…in spades.

  47. #47
    On March 27th, 2008 at 5:38 pm, michiganmom said:

    I agree with you ArmyWifeArmyMom-nobody messes with this Mama bear’s cubs. Leave the children alone.

  48. #48
    On March 27th, 2008 at 5:42 pm, J S Ragman said:

    They have picketed outside the schools attended by the children of bank CEOs, pressing the youngsters in signs and chants to answer for the actions of their daddies.

    Hey Bruce, why don’t you pick on somebody your own size?

    Come to think of it, you look to be about my size.

  49. #49
    On March 27th, 2008 at 6:15 pm, cf said:

    The insane is sane and the sane is insane.

  50. #50
    On March 27th, 2008 at 6:47 pm, juliesa said:

    Going to the kids’ schools. Unacceptable. If it happened at my kid’s school. I would have to will myself to avoid steering my car in their direction. I don’t mean that as a threat, but these people are playing with fire in going after peoples’ kids.

  51. #51
    On March 27th, 2008 at 6:48 pm, AlohaGuy said:

    Textbook Mafia…

  52. #52
    On March 27th, 2008 at 7:11 pm, greenfairie said:

    Unbelievable that the Boston Globe finds this man’s behavior not only acceptable but also laudable. Would they mind if I harassed the children of the editors and reporters?

    “Hey, your daddy is Marxist liar!”

    “Hey, your mommy is bonking her boss to get better assignments and a promotion!”

  53. #53
    On March 27th, 2008 at 7:31 pm, bit_boy said:

    It’s just amazing that adults buying a dwelling can not do high school math. They know not the difference between principle and interest, ARM verses fix interest terms, total final cost, monthly payments, and associated taxes. But are very able to scam the government Katrina caliber to make the payments for these educational disadvantaged carbon units.

  54. #54
    On March 27th, 2008 at 8:10 pm, Zelsdorf Ragshaft III said:

    If someone does that to my kids, I will end their career, permanently. I don’t believe violence settles anything, but when it comes to children being victimized by some zealous bastard. Extreme violence is called for. Just who does this MFer think he is?

  55. #55
    On March 27th, 2008 at 8:25 pm, AlohaGuy said:

    Meanwhile, Rev Wright’s church is building him a $1.6 million dollar home, and attached a $10 million line of credit…

  56. #56
    On March 27th, 2008 at 10:11 pm, MadWilliamFlint said:

    I had the strange fortune last night to drink heartily with a bunch of Bear employees as I work across the street from the building.

    Apparently whomever equipped them with signs didn’t quite have their cause straight. There were both signs lauding and opposing the takeover.

    Apparently it was really quite something.

  57. #57
    On March 28th, 2008 at 8:18 am, gunslingerpatriot said:

    Forget the bulldozer, its time for some bombing practice…F/A-18 E/F with a 5000 pound inert, laser guided practice bomb dropped from 35,000 feet.

    Thats the ticket!

    GSP :)

  58. #58
    On March 28th, 2008 at 9:43 am, Insomniac said:

    On March 27th, 2008 at 8:25 pm, AlohaGuy said:
    Meanwhile, Rev Wright’s church is building him a $1.6 million dollar home, and attached a $10 million line of credit…

    Racism and hatred are quite lucrative, it seems.

  59. #59
    On March 28th, 2008 at 9:47 am, Ordinary Coloradan said:

    I notice he’s doing that crap back east.

    Out west, it works differently.

    You go after my children, I am coming after YOU, up close and personal.

  60. #60
    On March 28th, 2008 at 9:52 am, maurelius said:

    Talk about a lose-lose. Deny loans to the uncredit-worthy and be labeled racist, give loans to the uncredit worthy and then be condemned by idiots like left-wing housing entitlement thug.

  61. #61
    On March 31st, 2008 at 9:45 pm, Azygos said:

    GSP,

    That would work quite well but not as fun as one of these (click on the right to watch the video) Winona Wood

You must be logged in to post a comment.


The Bank of (Democratic Party) America

January 18, 2012 09:12 AM by Michelle Malkin

84 Comments

Bailing out the world

November 30, 2011 09:35 AM by Michelle Malkin

131 Comments

Breaking: Barney Frank will not seek re-election

November 28, 2011 09:54 AM by Michelle Malkin

168 Comments

Here are your 1 percent-ers: Obama’s bundlers

October 17, 2011 03:13 AM by Michelle Malkin

79 Comments

Who’s Up For Another Fannie Mae Bailout?

May 9, 2011 11:20 AM by Doug Powers

67 Comments


Categories: Subprime crisis

JustOneMinute

» Send Better BS
Follow me on Twitter Follow me on Facebook