Bank Protest Sponsored By Banks

Another update from the surreal world of banking: The May 16. protest outside homes of Bank of America executives, organized by liberal group National People’s Action and the Service Employees International Union, was in fact sponsored by Citibank and JP Morgan.

“CVH Would Like To Thank the Following Institutional Organizations For Their Generous Support Of Our Work.”

Community Voices Heard Inc.

On May 16, 2010, the now infamous SEIU protest at the home of a Bank of America executive’s home and at the home of a J.P. Morgan bank executive in Chevy Chase, Maryland. The protests were all about denouncing the “evil banks,” The Washington Post reported.

Here’s what we read on the NPA’s website:

National People’s Action (NPA) is a Network of community power organizations from across the country that work to advance a national economic and racial justice agenda. NPA has over 200 organizers working to unite everyday people in cities, towns, and rural communities throughout the United States. For 38 years NPA has been a leader in the fight to hold banks accountable to the communities in which they serve and profit.

In the 1970’s, National People’s Action spearheaded the fight to pass the Home Mortgage Disclosure Act and the Community Reinvestment Act, widely considered to be among the most transformative public policy to grow out of community organizing.

When we open the window to the organization’s Board of Directors, their names appear under the banner of the umbrella organization, Community Voices Heard, Inc. (CVH). Then, under the tab, “Strategic Alliances,” NPA appears and the following information are disclosed:

In 2007, CVH reported receiving $772,474 in donations.

Their website lists categories of “supporters.” Under contributing foundations and corporations, the list below is displayed following the statement that;

“CVH Would Like To Thank the Following Institutional Organizations For Their Generous Support Of Our Work.”

So, the umbrella organization for the National People’s Action, whose anti-banking agenda drove the SEIU protestors to the home of two bank executives in Chevy Chase, ended up co-sponsoring the protest at the private residence of an executive from one of the “generous” institutional organizations that supports their cause!

And CVH also takes money from Citibank, according to

Related by the Econotwist:

Banks Protesters Storm Irish Parliament

Athens: Banks On Fire – Thee Dead

“The Economics Of War Unfolding Now”

U.S. Republicans To Spend $50 million on “Tea Party”

Wave Of Protests To Hit Troubled E.U. States

Top 10 Risks of 2010

2010 Analysis: Warns Against Social Unrest


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Filed under International Econnomic Politics, National Economic Politics