Boston police arrest 24 in US bank Protest: Agence-France Press Wire Story

Boston police arrest 24 in US bank Protest: Agence-France Press Wire Story

Agence-France Press Wire Story

Right to the City, the coalition of advocacy groups that organized the demonstration, said the event was held to protest corporate greed and to stop bank foreclosures. According to organizers, some 3,000 people marched outside the bank. Police did not provide a crowd estimate. “While the CEOs rake in millions in salary and bonuses, major corporations are laying off thousands of workers each month,” Right to the City said on its website. “Enough is enough.” The bank’s stock has tumbled in recent months amid doubts about the strength of its capital base and mounting legal costs from its disastrous involvement with subprime mortgages before the 2008 financial crisis. The Boston protest appeared to dovetail with demonstrations in New York city, where more than 1,000 mainly young activists have been protesting for the past two weeks over the Wall Street bailout and corporate influence in US politics…

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