Stephen Lerner, formerly director of the SEIU’s “banking and finance campaign,” apparently told a closed panel at Pace University that he will be spearheading a campaign to “destabilize” the financial sector by — among other things — organizing a mass mortgage strike and disrupting the operations of JP Morgan Chase.
We have an entire economy that is built on debt and banks so the question would be what would happen if we organized homeowners in mass to do a mortgage strike if we get half a million people to agree it would literally cause a new finical crisis for the banks not for us we would be doing quite well we wouldn’t be paying anything…
We have to think much more creatively. The key thing… What does the other side fear the most – they fear disruption. They fear uncertainty. Every article about Europe says in they rioted in Greece the markets went down
The folks that control this country care about one thing how the stock market goes what the bond market does how the bonuses goes. We have a very simple strategy:
How do we bring down the stock market How do we bring down their bonuses How do we interfere with there ability to be rich.
Lerner later says he doesn’t want to go into further detail on his plan because he doesn’t know if there are any “police agents” in the room.
You can listen to the tape here: