'Dear Jamie Dimon': O.W.S. writes to bankers

@CNNMoney October 31, 2011: 6:45 PM ET
Occupy Wall Street

Members of the Occupy Wall Street movement delivered letters on Friday at the Manhattan headquarters of some of Wall Street's biggest banks.

NEW YORK (CNNMoney) -- Occupy Wall Street is getting personal.

After railing against Wall Street greed for weeks from their encampment at Zuccotti Park in New York, a group went on the move Friday, dropping off thousands of letters addressed to Wall Street executives.

Although the protestors have based themselves at the park in Lower Manhattan, a number of the biggest "Wall Street" banks actually have their corporate headquarters in Midtown, a few miles to the north.

While bank executives did not emerge from their offices to accept the letters, group members outside the bank buildings used their "people's mic" system to ensure that their sentiments were heard loud and clear.

"Every day, the 99% are fighting to survive, and it's the hardest work you can imagine," said Maria Maisonet of Brooklyn, reading out a letter addressed to JPMorgan Chase CEO Jamie Dimon, Bank of America's Brian Moynihan, Citigroup's Vikram Pandit and Wells Fargo's John Stumpf.

"My nephews and my son tell me they feel like bums because, even though they're trying and trying, they can't get a job. You are the problem, not us."

Who are the 1%?

After gathering around 300 people in Bryant Park, organizers broke the marchers into two groups. One traveled to the headquarters of Bank of America (BAC, Fortune 500) and Morgan Stanley, while the other went to Citigroup and Wells Fargo, before they converged at the imposing JPMorgan Chase building.

Police formed a cordon around the group and provided security outside the bank buildings, but the march was a peaceful affair, with a singing protest outside Wells Fargo and a number of marchers in costume ahead of the Halloween weekend.

Elsewhere around the country this week, however, similar "Occupy" protests have been faced with disorder. Three protestors in Tampa were arrested Friday after members of the group allegedly shoved a police officer, while 51 people were arrested early that morning in San Diego for violating a park curfew and assembling unlawfully.

On Thursday, Oakland mayor Jean Quan apologized after police cracked down earlier this week on a protest in the city in a violent episode that left an Iraq war veteran hospitalized with a fractured skull.

Prior to the gathering in New York, organizers printed off copies of more then 6,000 letters submitted to the website OccupyTheBoardroom.org over the past few weeks and directed to Wall Street leaders.

Upon arriving at Bank of America headquarters, protestors folded copies of the letters into paper airplanes and launched them toward the entrance of the building, where they landed among the police and security guards massed outside.

At Morgan Stanley, march organizer Austin Guest left his phone number with security outside. Guest asked that it be given to CEO James Gorman, inviting him to have lunch with some of the demonstrators.

"We'll pick up the tab," Guest joked. "We've been doing it for the last few years."

The march concluded at JPMorgan Chase (JPM, Fortune 500) headquarters, where several marchers shared their stories before lining up to deliver their letters as bank staffers looked on from inside the building.

Mimi Pierre Johnson, from Elmont, New York, told the crowd that she had been struggling to make her mortgage payments since losing her job four years ago. In a letter directed to CEO Jamie Dimon, Johnson said that despite more than a dozen applications, Chase still has not granted her a mortgage modification.

"I am sure that if you came to Southeast Queens and saw the devastation, the vacant houses with their littered lawns and boarded-up windows, you would sing a different tune when it came to mortgage modifications," Johnson said.

"Name the time and date, Mr. Dimon, and I will personally escort you through the community." To top of page

Overnight Avg Rate Latest Change Last Week
30 yr fixed3.80%3.88%
15 yr fixed3.20%3.23%
5/1 ARM3.84%3.88%
30 yr refi3.82%3.93%
15 yr refi3.20%3.23%
Rate data provided
by Bankrate.com
View rates in your area
Find personalized rates:
Economic Calendar
Latest ReportNext Update
Home pricesAug 28
Consumer confidenceAug 28
GDPAug 29
Manufacturing (ISM)Sept 4
JobsSept 7
Inflation (CPI)Sept 14
Retail sales Sept 14
  • -->

    Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.