Nov 8, 2012
Yesterday we posted a rumor that Bank of America was quitting ALEC, as confirmed by Walden Management. Turns out, it was not a rumor Today we learn Bank of America dropped its membership in ALEC, the secretive corporate lobbying group that writes much of the anti-worker legislation passed in state legislatures these days. A Bank [...]
Nov 7, 2012
Last summer, a cousin who is a stockbroker, sent me a link from a group called Social Funds. (http://www.socialfunds.com/news/article.cgi/3592.html As I’ve followed the corporate defections from ALEC and Heartland, Walden Management kept coming up in the conversation. I’ve not found a great deal about them that is not in the Social Funds article linked to [...]
Oct 24, 2012
Civil suit accuses bank of selling dodgy mortgages to government-controlled financiers Fannie Mae and Freddie Mac Bank of America defrauded the US government in a scheme called “the hustle”, federal prosecutors alleged on Wednesday as they sued the bank $1bn in compensation. The justice department filed a civil complaint in New York seeking recompense for [...]
Jul 6, 2012
A couple of days ago I wrote about how long time legislator NC Rep Becky Carney pushed the wrong button and ended up being the key vote to override the veto of legislation that would allow fracking in NC. At the time I said I smelled a rat. One of my colleagues here at VLTP [...]
Jun 22, 2012
About 30 people – including Beth Henry who spoke about the impact of coal on the environment - and members of Occupy Charlotte, staged a “bad air day” to protest Bank of America’s financing of the coal industry. They dumped 500 pounds of coal and then cleaned it up with a “Citizen Clean-Up Crew”. Bank [...]
Apr 16, 2012
VLTP is honored to welcome Action NC to those who will be participating in the protests against ALEC in Charlotte (please see the event listing for May 10). Action NC is a non-profit community organization which works to empower low-to-moderate income families here in Charlotte. We are grateful for their participation and look forward to [...]
Mar 31, 2012
Brigid Flaherty and The Pushback Network are organizing a major peaceful protest against Bank of America. The protest will be at the BofA Shareholders Meeting, and is a great way to impress on their shareholders that Moynihan et. al. still have a lot to do to make up for the damage that ALEC member Bank [...]
