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.
Reader Rich zeroes in on Marks’ shakedown racket:
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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”.
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.
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