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Fighting greedy banks at street level.

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This diary is about direct action, about feeling deep down in your gut that a certain practice is wrong, so strongly that taking action to stop it is the only choice. I don't expect everyone to agree with me, but I do hope that fellow liberals understand the thought process behind doing what you think is the right thing to protect your friends and neighbors from the destructive actions of corporations, even if people think you're crazy for doing it.

I've been using non-violent tactics to stop and delay car repossessions in my neighborhood for eight years now. Why? Because predatory car loans hurt working class Americans. This is a huge problem. There is incentive for greedy banks to pile on extravagant late fees and interest rate hikes. When a car gets repossessed the bank gets a double-dip. They sell the car at auction for less than what it's worth, and still try to collect the difference from the borrower, who now has no transportation to get to work so he can keep pay his bills and keep a roof over his head. Victims of these predatory loans are not the deadbeats that Bank of America would want you to believe they are. In many cases, the car's owner is less than a month late on his payment. In the worst instances, car loans are sold to a company other than the original creditor, who then piles on the fees and rakes in the profits. These cars are taken by thieves in the night, by repo men hired by the bank to take the car without warning. The car's owner likely was trying to get the money together to make his payment.


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