BAY AREA вЂ“ From all over the Bay region and beyond they arrived, one thousand strong вЂ“ 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, вЂњ8 million jobs,вЂќ вЂњ5 million homes,вЂќ symbolizing the financial crisisвЂ™ devastating impact on working people as they marched through the financial district to Wells Fargo headquarters where shareholders were meeting April 27. вЂњShine a light on corporate greed вЂ“ working families have actually mouths to feed!вЂќ they chanted, and вЂњWorking families have a directly to know вЂ“ hey big banking institutions, whereвЂ™s our dough?вЂќ
вЂњIвЂ™m standing with my next-door next-door neighbors, my siblings, that are jobless while having lost their houses,вЂќ retired Pacific Gas and Electrical Co. worker Maria Elena Buitron said as she accompanied the coffin. вЂњEvery time, individuals are driven down until they usually have absolutely absolutely absolutely nothing!вЂќ
Her outrage had been provided by Brenda Blannon, marching with Contra Costa CountyвЂ™s Interfaith Supporting Community Organization. вЂњThe banking institutions are cheating us left and right,вЂќ she stated. вЂњThey 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!вЂќ
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 вЂњsix months of discomfort and sufferingвЂќ as a result of Chase, Jose Vega asked, вЂњIs anyone familiar with them documents that are losing and asking for similar things again and again?вЂќ вЂњYes!вЂќ 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. вЂњChase can be as accountable as most of the big banking institutions!вЂќ Vega declared, as their audience applauded and cheered. вЂњThis is unlawful plus it has to stop!вЂќ
As soon as at Wells Fargo, marchers settled in behind barricades next door through the bankвЂ™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 nationвЂ™s subprime lenders that are biggest, so that as CaliforniaвЂ™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 demonstratorsвЂ™ needs into the shareholdersвЂ™ meeting: stop predatory and discriminatory financing, keep families inside their houses, help reconstruct areas, purchase communities вЂ“ including helping to come up with jobs вЂ“ 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 вЂњmove our cash, as an organization, create a no-banking zone and focus on Wells Fargo!вЂќ
As rainfall and wind found, demonstrators left with all the terms of California work Federation mind Art Pulaski ringing within their ears: вЂњThis is simply the start of the battle to avoid the excesses of Wells Fargo, the Big Banks and Wall Street!вЂќ
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.