As the Occupy Boston forces gear up to occupy the space in front of South Station on Friday, participants in another protest will be marching around the Financial District - before settling down for a sit-in at Bank of America's Massachusetts headquarters on Federal Street.
Take Back Boston says it will have as many as 1,000 people in a march that starts at 3:30 p.m. at the Parkman Bandstand on the Common. The protest march will visit Verizon, embroiled in a contract dispute with workers, Hyatt, which fired those 100 workers, NStar and Fidelity before arriving at Federal Street, where 40 of the protesters - many people from Dorchester who have lost their homes to foreclosure - will stage a sit-in. In a statement, organizers say:
As of March 2011, Bank of America had more homes in foreclosure than any other bank in Boston, with two-thirds of these in "majority minority" neighborhoods. 61% of Bank of America's subprime mortgages were concentrated in these same neighborhoods, revealing a pattern of pushing bad loans on People of Color and the poor.
One of the organizers of the march is City Life, which has been at the forefront of anti-foreclosure protests in Dorchester and which recently dumped ten bags of trash on the front steps of the home of the president of the bank's Massachusetts operations that it said came from a foreclosed property the bank was letting fall apart in Malden.