Faith Leaders & Labor Activists Threaten To Move Their Money Out Of BOA

[Me.]

Faith Leaders To Move Their Money Out Of Bank Of America Unless Demands Are Met

A group of faith and labor activists and local political leaders is meeting with Bank of America officials Tuesday night in Antioch, California in an effort to force the bank to do a better job of modifying home loans. If Bank of America doesn't right ship, the group says they'll take their money out of the bank.

The coalition is led by People Improving Communities through Organizing, which boasts 1,000 member congregations across the country. The group also includes the NAACP, the Center for Responsible Lending and the SEIU, among others.

"We're here to offer Bank of America an opportunity to stop being bad for America and be America's financial champion," said Rev. Tony Pierce of Illinois People's Action on a conference call with reporters.

"The overall foreclosure rate has continued to increase," said PICO's Tim Lilienthal. "Recent reports show that 14 percent of all mortgage loans -- nearly one out of ever seven homeowners -- are delinquent or in the foreclosure process." …cont…

http://www.huffingtonpost.com/2010/01/12/faith-leaders-to-move-the_n_420381.html

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[anonymous171]

1. This needs to happen everywhere. nt

[Goldstein1984]

2. I sense a disturbance in

The Force.

[Vinnie From Indy]

3. THIS is how it works folks!

I hope this strategy goes viral.

[jtrockville]

4. Why threaten? Just DO IT.

[4_TN_TITANS]

5. More effective when the actions have

faces and organization names.