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Protests Outside Bank of America's Annual Meeting

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  • Description

    Business practices under scrutiny

  • Duration 1:38
  • Date

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-- Jenna that's right some strange bedfellows here with the protesters and shareholders sharing common ground today and as you can imagine foreclosures and Bank of America's of mortgage practices it whether it's servicing.

-- the modifications.

Really really heading the laundry list for both groups in complaining loudly to management here first we had the protesters outside a peaceful march.

Charlotte police say some 400 people were marching from several different angles converging right outside of the meeting today.

As you mention at least five people were arrested for trying to jump over the -- to get inside the meeting.

A spokesman for at the occupy an event which was part of the protest today to I was at about 100 shareholders inside as well and they weren't the only shareholders who were speaking their minds today and really putting chief executive Brian Moynihan and on the defensive and the hot seat about his mortgage practices particularly when.

They accused him of trying to.

Put it all on the legacy assets they had combined Countrywide Financial which specialize in sub prime mortgages.

Number just -- a couple of billion a few years ago but it's calls the -- tens of billions in loan losses since then.

Shareholders also -- speaking up about the depreciation of the stock price.

We had shareholders they've been holding Bank of America since the eighty's and ninety's and after all the drama today one of them -- it being a shareholder.

Is more like a comedy.

But not a very happy when has he seen its shares depressing back -- -- basically about -- half of what they were.

When -- morning and took over as chief executive on New Year's Day 2010.

-- interesting comment there comedy.

Not be the last thing.

At all of this inside I'm sure I'm not indeed thank you very much Trevor great in North Carolina thank you.

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