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Richard Zombeck

Richard Zombeck

Posted: May 28, 2010 12:46 PM

Nina Easton, Fortune Magazine Blogger, Panders to Rich Friends and Readers

What's Your Reaction:

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.'


Contrary to how Easton portrays it, this is not an isolated event. Similar protests have been organized since the modification programs were introduced last year. Groups like Neighborhood Assistance Corp. of America (NACA) held protests in front of banker's homes as early as February of last year.

When a person of Easton's apparent stature writes something, even in a blog post, one would expect a certain level of research and professionalism.  According to her Wikipedia entry, Easton was a reporter with the LA Times and worked as lead editor during her eight years at The Boston Globe, yet her blog does little more than sensationalize the event and minimize the reasons behind the protest.

Easton quotes Steven Lerner, SEIU's point person on Wall Street reform as being, "more comfortable sticking to his talking points: 'Millions of people are losing their homes, and they have gone to the banks, which are turning a deaf ear.'"

Millions of people losing their homes is far from a talking point and Easton dismisses the comment as irrelevant. One Easton sympathizer, Tary McMillian, writes in her comment to the blog, "I hope the children of these protesters never have to endure the fear they put this boy through. I can't even rap (sic) my mind around the fact that people would act like this and treat anothers (sic) family like this."

Lerner's remark refers to millions of families losing their homes, uprooting their kids from schools, neighborhoods, and friends they've had for years. Not to mention the devastating financial blow it takes on a family and the stress it can add to an already hopeless situation. A bit more to endure than the inconvenience Easton and her toddler suffered by being woken up from their nap on a peaceful, sun-crisp afternoon, as she put it.

Easton doesn't stop with protesters when it comes to her condescension and disdain. She uses her platform to put down HuffPost reporter Arthur Delaney, who she refers to as a "blogger."

"There were no reporters from organizations like the Washington Post, no local camera crews who might have aired criticism of this private-home invasion... Instead, a friendly Huffington Post blogger showed up, narrowcasting coverage to the union's leftist base," Easton writes, pandering to her readers in the same way as she accuses the HuffPost reporter of doing.

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.


I'd suggest to Nina Easton that she attempt a return to her journalistic roots and have a look at what's going on outside of her posh neighborhood and insulated circle. Maybe draw from her Berkley education and Boston Globe experience to venture into some of the homes and meet some of families that are affected by the decisions some of her "friends" are making. At the very least, read some of the stories from homeowners at shamethebanks.org and get a sense for why people are protesting against the very people she writes about, associates with, and panders to.

 

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01:34 PM on 06/01/2010
The financial crisis has not caused any pain to Easton et al. This was the first bad news to enter her world.
How can anyone live in a cocoon like that?
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DebtNavigation
Attorney and Author
10:48 AM on 06/01/2010
Everybody who ignores a Delaney or a Nasiripour is inviting the advent of a Marat.

If you ignore a Kaptur, you'll get Robespierre and Danton, too.

D.C.'s water system has been discovered to have too much lead in it. Lead poisoning results in stupidity and violence ... it had a role in Rome's elites becoming unable to effectively govern. I'm just sayin'...
09:56 AM on 06/01/2010
Everyone that covers consumer issues or finance knows Nina Easton is nothing more than the Tokyo Rose of the finance industry.
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04:33 AM on 06/01/2010
It’s time we get back to the old west. If 500 folks showed up on my front door they’d be looking down the barrel of a 12 gauge shotgun. One round above their heads and see how politically active they are. They are already known as crooks since they are associated with ACORN, notorious for fraudulent registrations, embezzlement, bilking the government out of millions, and back taxes. Even SEIU owes some $50,000 in back taxes. These parents should be ashamed of themselves. What if it was their family being terrorized? What the hell gave them to right to come on private propery anyway? Are they really that far above the law? Do they think that Mr Baer is going to have an epithany and run down and get everyone homes back? All they accomplished is show american how stupid the organization is. Go after the politations, not the workers. Wait a minite! Did I say workers? Isn't this a worker union? Next thing you know they will be passing out the Koran to their members.
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Skeptical Patriot
09:16 AM on 05/29/2010
I can only hope that SEIU and you advocate the same protests in front of the homes of Barney Frank when he openly opposed reigning in Fannie and Freddie Mac's lending practices or Henry Waxman or the numerous other politicians that were directly responsible for promoting lax lending practices. I think not.
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Alessandro Machi
www.alexlogic.com
07:57 PM on 05/30/2010
So we can agree that banksters tend to have more republican support than democratic support???

There isn't a lending practice that has been instituted that could not have been fairly modified so the economy would jolt to a halt. But then who would have had the guts to actually modifiy something for the benefit of all if the benefit of all really means the bankers get anything less than what they are accustomed to getting.

http://www.swarmthebanks.com
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eaglett1111
06:37 PM on 05/31/2010
Do you KNOW anyone who is facing foreclosure? I know many who are fighting these banksters with all of their might. They are fighting for their families and many who have already lost and some who have saved their homes are still fighting. It's tough, because the banksters have money, power and yes, they have politicians in their back pockets. So we fight the politicians at the ballot box. But where else Mr/Ms patriot would you propose fighting the banksters?

Maybe it is in the courts. But oh wait - I forgot - the banksters have the money to hire high-powered attorneys. And then there is the little problem of so many states being non-judicial foreclosure states, where fraudulent foreclosures happen every day outside of the eyes and rule of law and most attorneys know diddly squat about PSA's or MERS or the myriad of terms that come up when a really savvy lawyer can try a case.

Did you know there are millions of mortgages that are not recorded in our county recorders' offices across the nation, and that this is because of the handy dandy little electronic system created by the banksters called MERS? This robs you and me of millions of dollars that could go towards saving school programs and teachers and police and fire jobs. Did you know that the banksters are affecting your family and neighborhood every day by not having to pay these fees?

So tell me oh skeptic - what is YOUR remedy?
08:56 AM on 05/29/2010
Thanks Richard.
We form our opinions based on what we read on the internet, the tv, and newspapers.

This is a perfect example of how disconnected some people are from reality.

Although I do realize it would be disturbing to have a demonstration in my neighborhood, if it were to happen I hope that I would be open minded enough to educate myself and my child as to why the demonstration was taking place.

Perhaps if Nina witnessed the thousands of foreclosures taking place every day, she would have a different opinion of what is really happening on Main Street. She may get to witness such an occurrence since the housing crisis is not discriminating: it effects people who were accustomed to earning six plus figure salaries to the person who barely made enough to survive.

If Greg Baer was being evicted from his home and Nina watched as a sheriff physically removed the contents of his household and placed it on the curb, I wonder if that would be a scene that would warrant an interruption of a peaceful, sun-crisp Sunday afternoon.

Now I must go. My limo is waiting to take me to my private jet where we will stage a demonstration, join an angry mob, and protest at the home of a bankster since the demonstrations at the bank or the capitol are not working.
02:28 PM on 05/28/2010
This is an excellent post, Richard, and thank you for reporting on it via the Huffington Post. Millions of Americans have lost their jobs and homes due to the reckless actions of bankers such as Greg. I have no sympathy for him or his neighbor Nina. It's laughable that Nina even considers the interruption to her son's nap as newsworthy. Greg should accept responsibility for the consequences of his ruthless actions and apologize to Nina for her supposed inconvenience. What an arrogant bunch of people. They should be ashamed of themselves.
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eaglett1111
01:30 PM on 05/28/2010
I remember reading Ms. Easton's comments and being so mad I couldn't think. Of course I can understand anyone hating their neighborhood invaded, and never would I advocate anything that upsets a child's life. Yet hundreds of thousands of children on Main Street are having their lives affected each and every day. Certainly the thousands whose homes are finally foreclosed on are affected by the uprooting from neighborhoods many have lived in all of their lives. But then their is the daily upheaval prior to foreclosure. Despondent moms and dads who were once again given hope only to realize it was a lie. I know moms who have dropped to their knees in grief at another lie from their bank.I know people who cannot sleep. People who are scared every time they walk to the mailbox. People who are afraid of every phone call and every knock at the door. All of this effects children. All of this effects the family. Miss Easton - take your blinders off. I am sorry that your child was upset. But too many thousands of others are being brutalized by the banking industry through their treatment of their parents for me to feel sorry for you.
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04:56 PM on 06/01/2010
Oh Boo Hoo!
09:35 AM on 06/11/2010
check this out. dont know what to make of it. help

http://thyhum.wordpress.com