Occupy Wall Street Protesters Shut Down Wells Fargo
Over Foreclosure Crisis

Written by FCJ Editor. Posted in News

Published on October 13, 2011 with 4 Comments

In concert with the growing Occupy Wall Street movement, Shaw-San Liu of the Chinese Progressive Association addresses demonstrators outside Wells Fargo Bank in San Francisco. Photos by Christopher Cook.

By Christopher Cook

October 13, 2011

Storming through San Francisco’s Financial District in the early dawn Wednesday, hundreds of protesters demanding corporate accountability for the home foreclosure crisis, temporarily shut down Wells Fargo Bank headquarters at 420 Montgomery St., leading to 11 arrests amid the nationwide momentum of the “Occupy Wall Street” movement.

While suit-clad Wells Fargo employees watched on – most refusing to talk to reporters, some disparaging the protest, a couple whispering their support – police carted away 11 of the 30 people who barricaded the bank’s doors at about 7:45 a.m. A coalition of labor and anti-war groups, communities of color including Causa Justa/Just Cause and Chinese Progressive Association, along with Occupy SF, filled downtown streets with chants and music, in a festive and feisty protest that went on for five hours.

Eleven protesters were arrested during the demonstration.

Supervisor and mayoral candidate John Avalos lends his voice and support to the Occupy Wall Street movement.

Supervisor Eric Mar joined a picket outside Wells Fargo Bank in San Francisco.

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  • Ann Garrison

    Thanks to all.

  • PRESENTE.
    John and Eric.
    Thankyou both.
    Si Se Puede.

  • Richmondman

    Right on! Go tell Wells Fargo, and PG&E as well, to move their offices, take their jobs, take their tax dollars and get the heck out of SF! That’ll show ’em. We don’t need them.

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  • Lena

    Wells Fargo is not interested in assisting those in need of loan mod or principal reduction.
    This is my story that I would like Wells Fargo to hear.
    Wachovia now Wells Fargo had given us a loan modification on a property we own, the mod was structured for a three year period. The time was up this month , and after submitting tons of documents requesting an extension of the loan modification they denied us. Well, what is going to happen now is we will be unable to pay the mortgage at the high rate that it was before the modification .SO the informton from Ancel Martinzez who spoke on their behalf that they were helping people keep their homes is not so ture. We explained that at the modification rate we were doing fine but no way will they help us keep that rate. They will not even refinance the property. The Wells Fargo laon rep was so rude , she said, well 95 percent of the peopel in the country are gong through what we are experiencing and that is how the conversation ended . I hung up the phone knowing that we will nto be making any payment but will loose the $48,000.00 we put into that property.

    Thanks Wells Fargo you one percent lovers don’t care one damn about middle class. Where is the justice, how could this be fair?,

    Lena – Sunrise Florida