Unions, community to Wells Fargo: Our company is maybe not your ATM!

Publicado em: 15/11/20

Unions, community to Wells Fargo: Our company is maybe not your ATM!

BAY AREA – From all over the Bay Area and beyond they arrived, one thousand strong – union people proudly showing their ads, community businesses from areas wracked by foreclosures and jobless, faith leaders, housing and justice that is racial.

They bore a coffin topped with flowers and emblazoned with the legends, “8 million jobs,” “5 million homes,” symbolizing the financial crisis’ devastating impact on working people as they marched through the financial district to Wells Fargo headquarters where shareholders were meeting April 27. “Shine a light on corporate greed – working families have actually mouths to feed!” they chanted, and families that are“Working a directly to know – hey big banking institutions, where’s our dough?”

“I’m standing with my next-door neighbors, my friends and family, who will be jobless and now have lost their houses,” retired Pacific Gas and Electrical Co. worker Maria Elena Buitron stated as she accompanied the coffin. “Every day, individuals are driven down until they’ve absolutely nothing!”

Her outrage ended up being provided by Brenda Blannon, marching with Contra Costa County’s loan solo near me Interfaith Supporting Community Organization. “The banking institutions are cheating us left and right,” she stated. “They overcharge us for the checking reports after which they mess them up and also make us belated with payments. Someone has to bring them up short!”

During a short halt in the front of the Chase branch, a marcher instantly climbed onto a concrete planter that held a tree, hoisting their young daughter up to participate him. Recounting “six months of discomfort and suffering” as a result of Chase, Jose Vega asked, “Is anyone familiar using them documents that are losing and asking for similar things again and again?” “Yes!” roared the group.

After Sen. Dianne Feinstein filed an issue on their behalf, Vega thought he had been on the path to resolving their issue. But simply once the bank ended up being once again asking for more papers, it suddenly foreclosed in their house. “Chase is really as accountable as all of the big banking institutions!” Vega declared, as his audience cheered and applauded. “This is unlawful plus it has to stop!”

When at Wells Fargo, marchers settled in behind barricades down the street through the bank’s headquarters, warding from the spring rainfall and wind with bright plastic that is red given by the Ca Nurses Association.

Speakers regaled the audience with facts: Wells Fargo ended up being one of the nation’s biggest subprime loan providers, and also as California’s 3rd largest mortgage company in 2008, it absolutely was 3 times very likely to reject loans to areas of color rather than mostly white communities in Oakland and north park. Wells Fargo can be among the big players when you look at the cash advance industry, not just supplying credit into the payday lenders that are biggest but making such loans through a unique ATMs, at 240 % yearly interest.

Meanwhile a delegation brought the demonstrators’ needs into the shareholders’ meeting: stop predatory and discriminatory financing, keep families inside their houses, help reconstruct areas, purchase communities – including helping to create jobs – and stop fighting federal economic reform. They gone back to report the investors mostly seemed indifferent, going about their company regardless of individuals losing houses and jobs.

One delegation user electrified the audience with phone telephone telephone calls to “move our cash, as a bunch, create a zone that is no-banking focus on Wells Fargo!”

As rainfall and wind acquired, demonstrators left using the terms of Ca Labor Federation mind Art Pulaski ringing inside their ears: “This is simply the start of battle to end the excesses of Wells Fargo, the Big Banks and Wall Street!”

The April 27 march ended up being among an amount of actions this week at big banking institutions across the nation, prior to an April 29 march on Wall St. by an anticipated 10,000 union and community activists.