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calls himself a "bank terrorist"—his public relations spokesman laughingly refers to him as "the shark, the predator," and the NACA newspaper is named the Avenger. They're not kidding: bankers so fear the tactically brilliant Marks for his ability to disrupt annual meetings and even target bank executives' homes that they often call him to make deals before they announce any plans that will put them in CRA's crosshairs. A $3 billion loan commitment by Nationsbank, for instance, well in advance of its announced merger with Bank of America, "was a preventive strike," says one NACA spokesman. Wasn't this an ACORN tactic?
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ACORN signed up Snow White and the dwarfs - - the FBI's gonna take them far, far away...
Yes, made prominent in Chicago during the acquisition of Liberty Federal Savings, who didn't make enough bad loans, by (I think) LaSalle National. They literally shut some branches down with protestors. And of course frightened legislators and regulators.
It's important that financial institutions have bad loans on the books to be an attractive acquisition candidate, witness our government's recent equity investments, rather than purchase of troubled loans.