Wells Fargo Protesters Plan to be Back for Shareholders Meeting

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Wells Fargo Protesters Plan to be Back for Shareholders Meeting

About 80 clergy members, activists and homeowners who have been through foreclosure demonstrated at San Francisco's 1266 Market St. Wells Fargo on April 4. Protesters demanded the bank fix its 'underwater' mortgages, offer families sustainable monthly payments, and stop foreclosure and evictions for nine months. Representatives from the Alliance of Californians for Community Empowerment said if a senior executive of Wells Fargo did not meet with them to discuss these demands, they would see them at the bank's shareholders meeting scheduled for April 24 in San Francisco..

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    About 80 clergy members, activists and homeowners who have been through foreclosure demonstrated at San Francisco's 1266 Market St. Wells Fargo on April 4. Protesters demanded the bank fix its 'underwater' mortgages, offer families sustainable monthly payments, and stop foreclosure and evictions for nine months. Representatives from the Alliance of Californians for Community Empowerment said if a senior executive of Wells Fargo did not meet with them to discuss these demands, they would see them at the bank's shareholders meeting scheduled for April 24 in San Francisco.

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  • Watch Wells Fargo commits $150,000 to support Latino student achievement (April 3, 2012) News Video
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    (April 3, 2012) -- Wells Fargo and Fresno State have joined a public-private partnership to encourage academic achievement, retention and professional development for Latino students.

    In support of this partnership, Wells Fargo pledged $150,000 for programs that help Hispanic students find success in higher education.

    'Educational success continues to be the best predictor of economic and social success in young people,' said Sandy Raco, Wells Fargo Central Valley President. 'This grant will support resources that will allow Fresno State to create and carry out programs that will result in more Hispanic college graduates. In turn, these students will be better prepared to add to the economic success of Fresno, the Central Valley and California.'

    In the central San Joaquin Valley, 53.6% of the population is Hispanic but only 5.3% have attained a bachelor's degree.

    'Traditionally, the graduation rates of Hispanic students fall far behind those of other racial or ethnic student groups,' said Adrian Ramirez, director of the Commitment to Latina/o Academic Success and Excellence (CLASE) program at Fresno State. 'This partnership with Wells Fargo will make a significant and sustainable contribution toward Latino student success.'

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    We won't take your home
    but we will take a minute of your time.
    Your leadership has led to
    the death of the American Dream.

    Wells Fargo is guilty
    of widespread predatory lending
    And holds over 5.7 billion in student debt.

    Wells Fargo targets people of color
    And the poor for high interest student loans,
    urging loan officers to misreport income and forge documents.

    Wells Fargo foreclosed
    On hundreds of thousands of homes last year,
    Many of them illegally.

    Wells Fargo has been fined
    85 Million dollars for its crimes,
    You have issued no admission
    Of guilt or apology.

    Wells Fargo took 25 billion
    In taxpayer dollars,
    The larges bailout in bank history,
    Yet reaped 4.1 billion last year
    While paying no federal income tax.

    You yourself made 19 million last year
    Making you the highest paid bank CEO in America.

    Furthermore
    you invested nearly 100 million dollars
    In racist for-profit prisons
    While lobbying for harsher anti-immigrant legislation.

    You are what is wrong with the culture of Wall Street.

    A culture that values corporations
    More than rights of 'people' with hearts and minds.
    A culture that buys politicians
    And corrupts our democracy.

    A culture that exploits

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