NACA volunteers gathered yesterday outside of the homes of chief executives of lenders and hedge funds that have refused to agree to mortgage loan modifications or have otherwise impeded NACA´s efforts to prevent foreclosures for struggling borrowers. Today on its Web site, NACA has posted a multimedia directory of choice CEOs´ homes, including photos, addresses and, in some cases, phone numbers.
Visitors can browse through photos of the exteriors of mansions owned by Goldman Sachs´ Lloyd Blankfein and Morgan Stanley´s John Mack. Then there are the shots of the property owned by Carrington Capital Management´s Bruce Rose, with its electric fence featured prominently in the foreground.
(Note: The directory is tough to navigate. To browse it, click on a CEO's headshot and view the photos of his or her property. To switch CEOs, use the drop-down menu in the upper lefthand corner of the black display window).
The photos certainly are ominous, but they lack action. It´s obvious that NACA, despite its growing numbers of volunteers, couldn´t have hit every house in the directory during a single day of protests. But show us the "hundreds" who promised to turn out at Mr. Carrington´s home yesterday. Did they really get that close to the fence?