Unions, community to Wells Fargo: we have been perhaps not your ATM!

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Unions, community to Wells Fargo: we have been perhaps not your ATM!

۲۶ , آبان ۱۳۹۹

Unions, community to Wells Fargo: we have been perhaps not your ATM!

SAN FRANCISCO BAY AREA – From throughout the Bay region and beyond they arrived, one thousand strong – union people proudly showing their ads, community businesses from communities 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, “۸ million jobs,” “۵ 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 “Working families have actually a right to know – hey big banking institutions, where’s our dough?”

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

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

During a short halt in the front of the Chase branch, a marcher abruptly climbed onto a cement 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 losing documents, and asking for similar things over and over?” “Yes!” roared the group.

After Sen. Dianne Feinstein filed a problem on their behalf, Vega thought he was find more information on the way to resolving his issue. But simply because the bank had been again asking for more papers, it suddenly foreclosed in their house. “Chase can be as bad as most of the big banking institutions!” Vega declared, as their audience applauded and cheered. “This is unlawful and it also has to stop!”

When at Wells Fargo, marchers settled in behind barricades down the street through the bank’s head office, warding from the spring rainfall and wind with bright red synthetic ponchos given by the California Nurses Association.

Speakers regaled the group with facts: Wells Fargo was one of the nation’s subprime lenders that are biggest, and also as California’s 3rd biggest mortgage company in 2008, it had been 3 x very likely to reject loans to areas of color rather than mostly white communities in Oakland and north park. Wells Fargo can also be one of many big players into the cash advance industry, not just supplying credit to your biggest payday loan providers but making such loans through a unique ATMs, at 240 per cent annual interest.

Meanwhile a delegation brought the demonstrators’ needs into the shareholders’ meeting: stop predatory and discriminatory financing, keep families within their houses, help reconstruct areas, purchase communities – including helping to build jobs – and prevent fighting federal monetary reform. They returned to report the investors mainly seemed indifferent, going about their business regardless of individuals losing houses and jobs.

One delegation user electrified the audience with phone telephone calls to “move our cash, as an organization, produce a no-banking zone and focus on Wells Fargo!”

The Big Banking institutions and Wall Street! as rain and wind acquired, demonstrators left because of the terms of Ca Labor Federation mind Art Pulaski ringing inside their ears: “This is simply the start of the battle to prevent the excesses of Wells Fargo”

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

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