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NYPD Arrest Scores Of Occupy Wall Street Protesters Near Foley Square
By
Christopher Robbins
Published Nov 5, 2011
Modified Nov 5, 2011
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By
Christopher Robbins
Published Nov 5, 2011
Modified Nov 5, 2011
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Approximately 1,000 Occupy Wall Street protesters marched to Foley Square at around 3 p.m. this afternoon to protest the Obama administration's role in a settlement that would indemnify banks who were directly involved with creating the mortgage crisis. Though the NYPD could not confirm the number of arrests, a DCPI officer noted that "they would be in the family of 20 or so," more than the four that the movement claims were arrested on the steps of the Supreme Court building. Eyewitnesses wrote that the NYPD began arresting protesters after they blocked pedestrian traffic in front of the courthouse, and one claims that video will surface of a NYPD officer punching a protester in the face.
The march coincided with Bank Transfer Day and Guy Fawkes Day, but the settlement to resolve claims against banks for dubious practices in the collateralized debt obligation game was what drew the demonstrators' ire today. New York Attorney General Eric Schneiderman has been one of the few state attorneys general to insist on further investigating the terms of the settlement—which would allow banks like Bank of America to pay 5 cents on the dollar to jilted investors and protect them from litigation on the matter—and the White House has pushed back against his efforts.
Nevermind that the settlement wouldn't provide homeowners on the brink of foreclosure any real assistance and ignores the sleazy robo-signing and forgery committed by Bank of America, among others: can't we just move along? After all, who wants to re-litigate the past?
Tagged
arrests
bailout
Bank of America
banks
eric schneiderman
new york attorney general
nypd
obama
occupy wall street
president obama
protests
Christopher Robbins
Christopher Robbins is a New York City reporter covering transportation, affordable housing, local politics, and criminal justice. His work has also appeared in New York Magazine, The Village Voice and The New York Times. Chris is a graduate of Patrick Henry High School in Roanoke, Virginia, and enjoys biking to Fort Tilden in the summertime.
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Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
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