[guide.chat] Protesters take an empty bank property
- From: "vanessa" <qwerty1234567a@xxxxxxxxxxxxxx>
- To: "GUIDE CHAT" <guide.chat@xxxxxxxxxxxxx>
- Date: Fri, 18 Nov 2011 12:27:02 -0000
Occupy London protesters claim to have taken over an abandoned office block in
Hackney that belongs to banking and financial giant UBS.
Occupy London interned at St Paul's Cathedral.
The protesters are believed to have gained access to the building on Thursday
night, securing it in what they have described as "public repossession". The
block has become the demonstrators' third base across the capital, joining
campsites at St Paul's Cathedral and Finsbury Square.
?Whilst over 9,000 families were kicked out of their homes in the last three
months for failing to keep up mortgage payments ? mostly due to the recession
caused by the banks ? UBS and others financial giants are sitting on massive
abandoned properties," said Occupy London supporter Jack Holburn.
"As banks repossess families? homes, empty bank property needs to be
repossessed by the public," he added. "Yesterday [Wednesday] we learned that
the Government has failed to create public value out of banking failure. We can
do better. We hope this is the first in a wave of ?public repossessions? of
property belonging to the companies that crashed the global economy."
Occupy London have also announced that they will open the office block on
Saturday, rebranding it as the "Bank of Ideas". A number of events will take
place at the site, including a session with stock trader Alessio Rastani who
caused uproar by declaring during an interview with BBC News in September that
the recession was an 'opportunity' for him. "Personally I have been dreaming
about this moment for three years ? I go to bed every night and dream of a
recession," he contentiously added.
The third occupation site at the office block on Sun Street, Hackney, has been
designated as a 'non-residential' area- meaning that demonstrators will not
camp there. The move comes after protesters based at St Paul's Cathedral
ignored an eviction order deadline on Thursday night- given to them by the City
of London Corporation.
Legal representatives barrister John Cooper, QC, (R) and solicitor Karen Todner
speak to the Occupy London camp ?
Barrister John Cooper QC, representing the Occupy London protesters, addressed
the media on Thursday night to assert that the movement is being 'fearlessly
defended' under his legal advice.
"We are waiting to see what the city serve upon us," he said. "So far the the
client has been given advice on health and safety issues, we've been right and
they've been wrong (London Corporation). So far so good".
UBS hit the headlines in September as it emerged that 31-year-old trader Kweku
Adoboli lost an estimated £1.5 billion in authorised trades while working for
the investment bank.
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