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

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

BAY AREA – From all over the Bay region and beyond they arrived, one thousand strong – union users proudly showing their ads, community companies 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 “Working families have a directly to know – hey big banking institutions, where’s our dough?”

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

Her outrage had been 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 after which they mess them up and then make us belated with payments. Someone has to bring them up short!”

A marcher suddenly climbed onto a cement planter that held a tree, hoisting his young daughter up to join him during a brief halt in front of a Chase branch. Recounting “six months of discomfort and suffering” as a result of Chase, Jose Vega asked, “Is anyone familiar with them documents that are losing and asking for similar things again and again?” “Yes!” roared the audience.

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

As soon as at Wells Fargo, marchers settled in behind barricades next door through the bank’s head office, warding from the spring rainfall and wind with bright red synthetic ponchos furnished by the California Nurses Association.

Speakers regaled the crowd with facts: Wells Fargo ended up being on the list of nation’s subprime lenders that are biggest, so that as California’s third biggest mortgage company in 2008, it had been 3 x more prone to reject loans to areas of color rather than mostly white communities in Oakland and north park. Wells Fargo can also be among the big players when you look at the pay day loan industry, not merely providing credit towards the biggest payday lenders but making such loans through a unique ATMs, at 240 % annual 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 come up with jobs – and prevent fighting federal economic reform. They gone back to report the investors mostly seemed indifferent, going about their company regardless of individuals losing domiciles and jobs.

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

As rainfall and wind found, demonstrators left with all the terms of California work Federation mind Art Pulaski ringing within their ears: “This is simply the start of the battle to avoid the excesses of Wells Fargo, the Big Banks and Wall Street!”

The 27 march was among a number of actions this week lending club personal loans hours at big banks around the country, leading up to an April 29 march on Wall St. by an anticipated 10,000 union and community activists april.

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