Protesters Air Bank of America’s Dirty Laundry

Several people have been arrested for hanging a 70-foot banner on the side of Bank of America (NYSE:BAC) Stadium in Charlotte, North Carolina. The people behind the action were protesting Bank of America and the Obama administration.

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The Rainforest Action Network admitted that it was behind the plot, hanging a banner that carried the message “Bank of Coal.” The group announced that it hung the banner because Bank of America has provided $6.74 billion in funding for the coal industry in the United States.

The group is also displeased with the Obama administration’s cozy relationship with the banking industry. The Rainforest Action Network chose to hang the banner on the site because Obama is scheduled to deliver his keynote speech at the stadium during the Democratic National Convention

The Charlotte-Mecklenburg police and fire personnel responded at approximately 7:15 a.m. and began removing the banner, which measured 70 feet by 25 feet. The sign was hung roughly 100 feet above the ground on the Mint Street side of the stadium. According to the Rainforest Action Network, the five members that scaled the side of the stadium were trained climbers with safety gear.

This is said to be only the beginning of what is expected to be months of protests in Charlotte. City officials are aware that a likely protest will take place on Thursday at the Duke Energy shareholders meeting, and again next Wednesday when Bank of America’s shareholders meet. The protests are expected to carry on in September during the Democratic National Convention.

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