As long as planned "Occupy" actions are in question, one of the big ones I hear about is trying to convince everyone with cash in Bank of America to pull their accounts on November 5 (*Trollface*).
Well, Bank of America got dumped into hot water this week, as some professional client representatives have
forced BofA to shuffle some of its money around in anticipation of market pressures and possible legal actions. Not unlike exactly what happened to Bear Sterns, Goldman Sachs and so forth right before they tanked. What legal action you ask?
A federal court intervening in a settlement between BofA and their investor groups over the bank's piles of fraudulent mortgages and foreclosures, in an effort to make the facts of the events more publicly visible.
What "Occupy" has to do with any of this is unclear, and likely little if anything. The incredibly stalwart optimist could say that by observably changing the tenor and direction of the national political conversation - everyone from MSNBC to the Republican presidential field are talking about banks and regulations instead of "deficit reduction" like they were six weeks ago - that it's motivated some of the people who actually have power over these events to act in the public's interest, like New York federal judges. I wouldn't, but who knows.
More immediately, if the mass account pullout winds up being of any significant size, with Bank of America's investors already fleeing as its stock collapses under legal pressure, the whole shebang could come crashing right down if they find themselves short on cash overnight. Whether or not that counts as citizen justice or lighting another powderkeg, or both, we'll have to wait and see.