Last week, Nina Easton, Fortune Magazine's Washington Bureau Chief, described an apparent traumatic event on her blog: "Last Sunday, on a peaceful, sun-crisp afternoon, our toddler finally napping upstairs, my front yard exploded with 500 screaming, placard-waving strangers on a mission to intimidate my neighbor, Greg Baer."
The protest was organized by Chicago-based grassroots organization National People's Action, in coordination with the SEIU who bused more than 700 workers from 20 states to Easton's neighborhood -- one of Washington's wealthiest neighborhoods.
The event kicked off several days of protests targeting K Street for lobbyists' role in financial reform. The protesters, representing millions of people in this country who have either lost, are in the process of losing, or will inevitably lose their home as a result of the continued refusal by banks to work with homeowners, were there to picket in front of Gregory Baer's house. Baer is deputy general counsel for Bank of America, the bank with the worst record of loan modifications according to treasury reports.
Easton, who worked as a lead editor during her eight years at the Boston Globe goes on to say:
Now this event would accurately be called a "protest"; if it were taking place at, say, a bank or the U.S. Capitol. But when hundreds of loud and angry strangers are descending on your family, your children, and your home, a more apt description of this assemblage would be 'mob.'
The irony of her statement is that Delaney, along with Shahien Nasiripour also of HuffPost, are among the few reporters covering this issue with accuracy and objectivity. Many homeowners on shamethebanks.org are thankful to both of these reporters and the continued coverage of this topic.
Maybe the four years at Fortune Magazine, rubbing elbows with and covering the lives of the top one percent have resulted in Easton's myopic view. Or maybe her marriage to Russell Schriefer has affected her in some way. Schriefer's PR firm, SSG, claims the Chamber of Commerce and the Business Roundtable as clients. Bank of America CEO Brian Moynihan is a member of the Business Roundtable, according to SEIU's own post.
Easton also downplays the role of the banks in all of this. She writes, "Waving signs denouncing bank 'greed,' hordes of invaders poured out of 14 school buses," childishly putting "greed" in quotes as if referring to unicorns, hobbits, or some other imaginary entity.
Astoundingly she manages to insinuate that we, at the bottom, are fabricating an imaginary syndrome targeting her audience, neighbors, and subject matter of her magazine.
It exists. Leo Hindery Jr. described the industry in his recent post as a:
profit-driven, greedy, selfish institution that, with its unbridled compensation practices and current light-touch regulatory regime is, I truly believe, behind almost every major societal and economic ill that has befallen the United States since 1980.
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