{"id":4490,"date":"2012-04-25T09:02:20","date_gmt":"2012-04-25T17:02:20","guid":{"rendered":"http:\/\/www.fogcityjournal.com\/wordpress\/?p=4490"},"modified":"2012-04-27T21:58:54","modified_gmt":"2012-04-28T05:58:54","slug":"foreclosure-fighters-occupy-wells-fargo-shareholders-meeting","status":"publish","type":"post","link":"https:\/\/www.fogcityjournal.com\/wordpress\/4490\/foreclosure-fighters-occupy-wells-fargo-shareholders-meeting\/","title":{"rendered":"Foreclosure Fighters Occupy Wells Fargo Shareholders Meeting"},"content":{"rendered":"
\"\"

As many as 500 demonstrators convened in downtown San Francisco Tuesday to protest a Wells Fargo shareholders meeting held in the Merchants Exchange building to draw attention to the bank's foreclosure policies and its impacts on homeowners who face eviction and homelessness. Photos by Luke Thomas.<\/p><\/div>\n

By Eric Louie<\/a><\/strong><\/p>\n

April 25, 2012<\/p>\n

As many as 500 demonstrators took aim at Wells Fargo over its corporate policies Tuesday, blocking entrances to the Merchants Exchange building in the heart of San Francisco’s Financial District in an attempt to disrupt the bank\u2019s annual meeting of shareholders.<\/p>\n

The demonstration aimed to expose and shame the corporation and its investors into acting responsibly over a foreclosure crisis caused in large part by predatory lending practices employed by Wells Fargo and other banks, actions that has led to 1 in five mortgages nationwide exceeding appraised home values as well as publicly-funded bank bailouts.<\/p>\n

In possession of bank shares or proxy votes, demonstrators managed to gain access to the meeting in an attempt to shut it down. Though they were soon ejected by police, the demonstrators considered the attention-drawing operation a success.<\/p>\n

\u201cI think they realize there\u2019s other voices to be heard,\u201d said Barbara Casey, 62, of Portland, Oregon, who managed to gain access to the meeting.<\/p>\n

Occupy SF, labor unions, Bay Area advocacy groups and non-profit organizations combined to noisily but peacefully protest Wells Fargo on a number of issues. Demonstrators want the bank to halt foreclosures pending investigations and reform; do more to help homeowners facing foreclosure and eviction; divest its interest in private prisons and immigrant detention centers; pay its fair share of federal taxes; and end its predatory lending practices.<\/p>\n

“A coalition of organizations (that included SEIU Local 1021) came together as the 99% takeover of Wells Fargo,” wrote former Supervisor Chris Daly via email, who now works as a political director for SEIU, and who managed to gain access with others inside the building to block entrances. “About 200 of us were actually stockholders (I bought 1 share,) but only about 20 were allowed into the actual shareholder meeting.”<\/p>\n

“We were there to call attention to a number of terrible Wells Fargo policies,” Daly continued. “While the 99% struggles to make it in an economy that was wrecked in part by the subprime loan scheme of banks like Wells Fargo, Wells Fargo is America\u2019s biggest tax-dodger. Wells Fargo put taxpayers on the hook for $43 billion in bailout funds, made record profits, and paid negative federal income taxes over the last three years. Wells Fargo leads foreclosure rates on homes, decimating communities. Wells Fargo engages in discriminatory and predatory lending, targeting the most vulnerable communities with payday schemes.”<\/p>\n

\"\"

Former District 6 Supervisor Chris Daly.<\/p><\/div>\n

The protest began Monday evening with speakers airing their issues on the street. Into the night there was food and final touches being put on signs and banners. Some protester camped out.<\/p>\n

Tuesday began with a march from Justin Herman Plaza with demonstrators forming a perimeter around California, Montgomery, Pine and Sansome streets.<\/p>\n

\"\"

Demonstrators convened at Justin Herman Plaza, otherwise known as "Bradley Manning Plaza," before marching to the Merchants Exchange building.<\/p><\/div>\n

\"\"

One enlarged banner read, "99% Takeover. Topple the 1%"<\/p><\/div>\n

\u201cI\u2019m kind of tired, but I\u2019m not tired of fighting for justice,\u201d Mario Howell, of Antioch, told the crowd from a flatbed truck equipped with a sound system. A clergy leader with Contra Costa County Interfaith Supporting Community Organization who was arrested during a similar protest last year, Howell said he was denied access to the meeting by security. \u201cThey must have had my picture,” he said.<\/p>\n

Demonstrators were able to block entrances by forming human chains, sitting down and linking arms. Those demonstrators that managed to get inside the building, also formed human chains and refused to leave. In preparation for the protest, police, some clad in riot gear, formed police lines with the aid of metal barricades.<\/p>\n

\"\"

Demonstrators formed human chains to block access to the meeting.<\/p><\/div>\n

\"\"

Occupy SF demonstrators managed to block an entrance to the building on Montgomery Street.<\/p><\/div>\n

\u201cThe shareholders meeting is closed,\u201d one organizer announced through his megaphone. \u201cThere\u2019s nothing going on but the 99 percent takeover.\u201d<\/p>\n

Police and demonstrators turned away several shareholders trying to pass, though both allowed some shareholders in. While there was scant confrontations with police, some shareholders cursed and forced their way passed the blockades.<\/p>\n

\u201cWho the fuck are you guys,\u201d one shareholder said, walking away in disgust.<\/p>\n

\u201cPlease respect our peaceful blockade,\u201d demonstrators chanted back.<\/p>\n

Police spokesman Sgt. Michael Andraychak said the protest was peaceful. He said 14 people were arrested for disrupting the meeting, while another six blocking entrances from inside the building were arrested for trespassing. He said the San Francisco Sheriff\u2019s Department also arrested four demonstrators for interfering with an officer.<\/p>\n

\u201cWe think it went well,\u201d Andraychak said, adding that police and organizers had discussed the protest objectives prior to the demostration. \u201cThey stuck to their started objectives.\u201d<\/p>\n

Bank spokesman Ruben Pulido said the bank was able to complete the meeting.<\/p>\n

\u201cWells Fargo respects the rights of Americans to peacefully assemble,\u201d Pulido said. \u201cOur focus will be on protecting the safety of our customers, team members and shareholders.\u201d<\/p>\n

One demonstrator who identified herself as “Casey,” said she and about 30 demonstrators managed to gain access to the meeting. They had to go through multiple screenings and counted about 400 attendees, mainly non-demonstrators. She said police were everywhere.<\/p>\n

\u201cThey were ready for whatever,\u201d she said. \u201cThere was a policeman for every person in that room.\u201d<\/p>\n

Casey said soon after the meeting\u2019s 1 pm start, demonstrators in a choreographed manner, individually brought up the issues they were raising before being quickly escorted out. She was initially arrested, but police then allowed her to leave without charges if she agreed to leave voluntarily.<\/p>\n

Like Casey, Larry Ginter, 72, of Rhodes, Iowa, said police treated the protesters respectfully. He came with a group called Iowa Citizens for Community Improvement, many of whom were among the arrested including himself.<\/p>\n

\u201cThey\u2019re just doing their jobs,\u201d said Gintner, \u201cAnd we\u2019re just doing ours.\u201d<\/p>\n

Eric Louie is covering the Occupy movements for The Newspaper Guild-Communication Workers of America Local 39521.<\/em><\/p>\n

Luke Thomas contributed to this report.<\/em><\/p>\n

More Photos<\/strong><\/p>\n

\"\"

"Stop corporate greed."<\/p><\/div>\n

\"\"<\/p>\n

\"\"<\/p>\n

\"\"

"Seize the banks. End the dictatorship of the 1%"<\/p><\/div>\n

\"\"

Members of the clergy with proxy votes and bank shares were refused access to the meeting.<\/p><\/div>\n

\"\"<\/p>\n

\"\"

Some protesters brought flowers which they said were "a parting gift for Wells Fargo."<\/p><\/div>\n

\"\"

Occupy SF protesters fabricated a Wells Fargo stagecoach carrying a cardboard cutout of Wells Fargo CEO John Stumph.<\/p><\/div>\n

\"\"

"Hells Fargo."<\/p><\/div>\n

\"\"

"John Stumph, the 99% say enough!"<\/p><\/div>\n

\"\"<\/p>\n

\"\"

"Wells Fargo: Stop the Evictions"<\/p><\/div>\n

\"\"

Wells Fargo shareholders, declining to comment on their investments, stood confused by the commotion.<\/p><\/div>\n

\"\"<\/p>\n

\"\"<\/p>\n

\"\"<\/p>\n

\"\"

The San Francisco Sheriff's department came prepared for a riot.<\/p><\/div>\n

\"\"

"Damn Wells Fargo debt slavery."<\/p><\/div>\n

\"\"

A Wells Fargo investor was turned away.<\/p><\/div>\n

\"\"

A giant rat smoking a cigar was inflated outside Wells Fargo headquarters.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

As many as 500 demonstrators took aim at Wells Fargo over its corporate policies Tuesday, blocking entrances to the Merchants Exchange building in the heart of San Francisco’s Financial District in an attempt to disrupt the bank\u2019s annual meeting of shareholders.<\/p>\n","protected":false},"author":8814,"featured_media":4495,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[127,43,940,191,222],"tags":[1270,1167,1336,1137,1145,1334,548,1335,1241],"class_list":["post-4490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-housing","category-immigration","category-labor","category-news","tag-1270","tag-bank-foreclosures","tag-corporate-responsibility","tag-foreclosure-crisis","tag-occupysf","tag-predatory-lending","tag-protest","tag-tax-avoidance","tag-wells-fargo"],"yoast_head":"\nForeclosure Fighters Occupy Wells Fargo Shareholders Meeting - 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