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NACA ALERT

Homeowners from around the nation stormed the Midtown Manhattan lobby of investment bank Bear Stearns to protest the taxpayer bailout at the expense of struggling hard working Americans.

More than 200 homeowners crowded the lobby waving signs and shouting chants before we were escorted out by police an hour later.

"We want the CEOs to know how it feels when someone takes over their home," said Bruce Marks, founder and CEO of NACA. "We came to say, 'Stop the bailout of the corporations who profited from the mortgage crisis.'"

Homeowner’s chanted help "Main Street, not Wall Street," NACA blames Bear and JPMorgan Chase, which is taking over the investment bank, for fueling the mortgage crisis. Bear Stearns was instrumental in providing the funding for the largest predatory lenders such as New Century and many others.

“I want to thank all our members for making this protest a success, but the fight continues as we demand fairness and equity in this mortgage crisis. More protests will be planned.” Said Marks.

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