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Occupy London UBS #OCCUPYLSX

3d ago
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http://www.realdemocracynow.co.uk/ Occupy London UBS - a disused UBS Bank building near the City of London is occupied by Occupy London protestors #OCCUPYLSX Activists from Occupy made 'legal claim' to the property by gaining access to the building and securing it, saying that it was only right that this kind of action is taken against banks who leave premises empty. Occupy London supporter Jack Holburn said: '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 other financial giants are sitting on massive abandoned properties. 'As banks repossess families' homes, empty bank property needs to be repossessed by the public.' Occupy has vowed that the east London building will re-open on Saturday morning as a 'Bank of Ideas', which will 'trade in creativity rather than cash'. 'We will also make space available for those that have lost their nurseries, community centres and youth clubs to savage government spending cuts,' added Sarah Layler of Occupy London. Events already lined up for the space include talks from Palestinian activists, comedy from Josie Long and a seminar led by controversial trader Alessio Rastani, who recently claimed in a television interview that he goes to bed dreaming of another recession. Occupy London group have taken over a building owned by Swiss bank UBS. The activists are hoping to make a legal claim on the building, presumably under the UK's squatter's rights law, and plan to open a "bank of ideas" there. The building at Crown Place is owned by UBS but not occupied by them.