Angry Homeowners Arrested at Wells Fargo Shareholders Meeting

“Most Basic Values” Wells Fargo

“We didn’t ask for this money from the federal government,” Stumpf said. “We took it, because we were told that it was good for America.”

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Angry Homeowners Arrested at Wells Fargo Shareholders Meeting

Demonstrators demand CEO declare a moratorium on foreclosures

A group of angry homeowners and community advocates disrupted Wells Fargo’s shareholders meeting Tuesday and confronted the bank’s CEO about it’s foreclosure policies. The protestors were eventually arrested when they refused to leave the lobby of the San Francisco office building where the meeting was held.

Wells Fargo is foreclosing on the homes of some of the protestors, who demanded the nation’s largest mortgage originator declare a moratorium on the process.

It was a step the company’s Chairman and CEO John G. Stumpf refused to take.

“I get the fact that families are hurting,” Stumpf said in response to the request, “but moratoriums only put off the inevitable. We need jobs in America, that’s what we need.”

Source: The Bay Citizen (http://s.tt/12mD7)

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4closureFraud.org

Comments
33 Responses to “Angry Homeowners Arrested at Wells Fargo Shareholders Meeting”
  1. matie hanes says:

    And from the looks of it , most of all the people property that’s mortgages are been run by the benificary owner of a company like wellsfargo bank , yall not dealing with the owner but a trustee contract .that is under the united states trustee laws , iirevocable trust has to be stop by a court of law judge .if they revoke the trust contract then yall a have a nice change with a nother person that want be a contractor . I belive he or she want be so big and bad as, the contractor u dealing with now , they care nothing about nobody on earth but their pockets .iirevocable trust , come in place when a old owner want the new owner to wait a few years , but too me 10 years good a nuff , when u going 12 – 14 years way to long , I’m a say that fraud and theft after that .

    • lvent says:

      matie hayes….IRREVOCABLE TRUST??? What trust? are you kidding me? They never delivered the notes to the trusts…there is no trust or trustee…they are trying to cover that up by manufacturing docs AKA robosigning….I have yet to see a proper legal assignment to this date…!!!

      • lvent says:

        matie hayes…get with the program…they committed massive securities fraud….they sold interest in notes that were never delivered to the trusts….so they could sell interests in notes hundreds of times and make trillions of dollars…!!!

      • lvent says:

        There are two legal assignments of lien…An Assignment of Land Trust for Collateral Purposes…otherwise known as a beneficial assignment or a Collateral Assignment Under Land Trust and then they need the documents otherwise known as the chain of title to prove they own the loan..
        FOUR ASSIGNMENTS AND DELIVERIES AND ACCEPTANCES OF THE MORTGAGE
        FOUR ENDORSEMENTS AND DEILIVERIES OF THE NOTE
        EIGHT SEPARATE NOTARIZATIONS
        EIGHT UCC-1 FINANCING STATEMENTS
        FOUR RECORDINGS
        FOUR FILING AND TRANSFER FEES

  2. matie hanes says:

    Anybody that is owner by benificary of personal property or corp property ,u have the rights under the , united ststes trust laws ,to copy of trust contract and terms and conditions of the contract ,their are nice blogs here , but , a judge can revoke or change a iirevocable trust at any time , that seems the be the case here , most of u need a judge to revoke the irrevocable trust , so u can get what on the trust that u are benifiary of .like up top wellsfargo bank benificary owner , u need a judge to revoke the hold iirevocable trust why because it seem u are over 35 of age , that to long for a trustee to do abandment . U have to take in notes of the unites statesa trust laws ,those trustee are legal owner too , so they can get the big head with that kind of power and a court of law judge has to set in and take that power from them if they take it too far . From the looks of it ,it is way too far .

  3. Michael grimes here mr stuff at my wellsfargo bank co , u just a nother idiot just like all the other rest of them , do u no , we been bank for 600 years into 2011 , but from 2000 – 2011 sense yall theves been in all my co , yall just messing things up why , cause yall not me or my blood , yall don’t now what to do with my. Companies ,but steel , mr stuff or stiff what ever ya name is , did u no my selling power is like the hold outer space and added with the stars and moons and planet , my banking power get close to the sun . Suntrust bank , yall must be scard of that bank , nikki the rapper , got that bank of lock now , that man mr james dimon , he just haveing him self a ball with all the stolen money he got ,my dad couldn’t have hated me , didn’t need nothing from him , but what my blood was born and made to do , mr stuff stiffa , u can’t get that messge u not a born financer , did u no , the planets is short of job because I’m not sitting in the chair . 300,000 shorts cause of yall and the fraud . Who is randell williams r grimes ?

  4. l vent says:

    THEY ARRESTED ANGRY HOMEOWNERS? DESPICABLE, OUTRAGEOUS!!!! This shows clear proof of the rampant fraud born mainly of greed bought by treason and massive insider corruption. Proof that ABSOLUTE CORRUPTION, CORRUPTS ABSOLUTELY.

  5. talktotennessee says:

    Except for trying to change the subject to jobs, Stumpf is saying what the others said, “Don’t make us take this money, but if that is what you want, we will do it for the common good.” They didn’t want to be beholden to the government? But remember this was a Republican thing at the end of Bush’s reign with Paulsen, Bernanke and everyone shouting fire, fire, gotta do something NOW or we flush!
    So do you get the feeling someone was fooled? Homeowners get the shaft and the banks get money they don’t want and we get nothing but a couple of mortgage plans that are worse than useless! Actually I blame both parties for their stupidity at being hoodwinked.

    It will take REVOLUTION to get attention. I applaud those who crashed Wells Fargo’s meeting!

    Yesterday, we were told the economic forecast for corporate America made RECORD profits! Not just the oil companies but big business, banks, etc.
    They just aren’t hiring because they don’t need to to make the profit off cheap labor in other countries to sell what is rising in cost here that we must have. They are working employees harder, longer while they destroy bargaining rights and unions through their buddies in the GOP.
    I am going to say it with no apology. As long as you vote Republicans to any office, this is what you are going to get! When those in the GOP shout “take back our country” they are not taking it back from big government, they are taking it back for CORPORATE profits, leaving, teachers, federal and state employees, homeowners, working people without jobs or righs.
    Think, who is making all the money? Corporations, banks and Wall Street. Even attorneys and doctors are being shut out in reduction of Medicare benefits or tort reform restrictions all over the country, while insurance companies reap the windfall.

    As long as the people continue to support the Republican party they will not gain their jobs or rights back! Plus we must demand the Democrats support people not lobbyists or face a third party choice that is credible. It is one thing to be fooled but to lie down and allow oneself to be run over willingly is inexcusable. In other countries they are fighting for their rights.
    What are we doing?

    • Hengsway says:

      So there are people out there that agree with me. No they didn’t want the money, they were one of the many who had their hands out ready to take it. They were supposed to use that money to help stop this mortgage mess they got us into, then they turned around and wouldn’t help anyone. They put up a frong like they would help you, but when you got the report back the value of your home came up short and they wouldn;t refinance you. It was all a scam. They wouldn’t allow you to refinance your home inspection because they knew it would come in under value because that was their game plan. Then they would not give you back your money, just another scam that thousands paid for. No I will never do business again with Wells Fargo, I lost what I thought was a good friend who was guiding me in the right direction, all he was doing was playing the game for his employeer Wells Fargo. Yes, a revolution is probably on the horizon, if people would only unite against the best of the worst governments like we have. It is time for americans to stop having short memories and do something together. Stop filing your taxes and see what happens, they will listen and don’t have the money as they say we are broke, to build any more jails (which are overcroweded anyway) so they won’t be building those jails to put you in. Loopholes is what the rich have, filing no tax returns is what we have, unite and do something instead of running at the mouth. Your US government is lying to you. All they have are conspiracy theories to fall back on when their butts get in a crack. They are laughing all the way to the bank even Wells Fargo.

      • l vent says:

        And they ALL got BAILED OUT by the U.S. TAXPAYERS TO CONTINTUE THE ONGOING EXTRACTION FROM THE AMERICAN PEOPLE WITH THEIR PONZI SCHEME FRAUD. THIS DOES NOT EVEN INCLUDE THE FED SECRET BAILOUTS like TALF and all of the other BACKDOOR BAILOUTS, ALL AT THE EXPENSE OF THE U.S. TAXPAYER. WE ARE PAYING FOR ALL OF THAT FRAUD RIGHT NOW IN EVERYTHING WE BUY LIKE GAS AND IN OUR TAXES. FED DEFLATION OF THE DOLLAR AND INFLATION CA– USED BY WILD AND CRAZY RAMPANT SPECULATION ON FRAUD STREET. EVERYTHING WE CONSUME LIKE GAS AND FOOD, DOUBLE. WHY?? THE DOLLAR IS NOW WORTH -0- IT NOW TAKES 2 DOLLARS TO MAKE ONE DOLLAR. $4.50 GAS IS REALLY $2.25 AND SO ON. WATER BILLS $500.00 when in reality they are $250.00. same with the property taxes, ELECTRIC BILLS, GAS BILLS. THANKS TO COMODITIES SPECULATION FRAUD DRIVING PRICES SKY HIGH ON EVERYTHING AND THE FEDERAL RESERVE BANK OF FRAUD AND QE2.THE RICH ARE GETTING RICHER AND ARE ROBBING THE POOR AND MAKING THE AMERICAN PEOPLE POORER EVERYDAY. EVERYTHING IS DOUBLE WHAT IT SHOULD BE BECA– USE THEY ARE ROBBING AMERICA. .THAT IS MAINLY BECA– USE OF THE FEDERAL RESERVE BANKSTERS AND THE WALL STREET FRAUDSTERS BUT IT IS ALSO THE MILTARY INDUSTRIAL COMPLEX AND THE GIANT MULTINATIONALS LIKE BIG PHARMA. THEY ARE STILL ROBBING THE PEOPLE EVERYDAY, WHERE ARE YOU AMERICA???????? Please check out the latest Keiser report from today. Max is spot on as usual. http://maxkeser.com/

      • l vent says:

        let me redo that link, I misspelled. http://maxkeiser.com/

  6. Stupendous Man - Defender of Liberty - Foe of Tyranny says:

    Is this the current equivalent of “Let them eat cake?”

  7. usjustice4all says:

    Yes to local banks and credit Unions. Let the people set the stage. Yes, the people that we see at the big banks are nice, but their purpose is for the big wigs who want money at any cost. I went into wells and was bombarded by people offering candy and bottled water. If I had an account there, I would be furious because where is the interest rather than the fishing pole for more victims. Large banks are called Commercial banks for a reason, they work well for Commercial companies, not people.
    The market has to control the situation, We are the market. People. Help your community!!!!

    • maggie may says:

      IM GLAD TO KNOW 1 NORMAL CITIZEN!

    • maggie may says:

      SOMETIMES I randomly turn on a channel(nothing is a coincidence) and i hear diff people actors politicinas diff folks and they get asked about a verdict or outcome of something ,,,,,,,,,,,,,,and i hear them say well maybe not people justice but i believe in divine justice or Gods justice,,,,,,just a way of god reminding me to pay attention to my dreams and that im not alone!!!! Rebenge is my says the Lord!!!Hard lesson but once you get it!! You see the results of turning the job over to the Almighty! Until then…you haventt lived!

    • maggie may says:

      I used to like the name s daniel and david and tom Now they revolt me!

  8. usjustice4all says:

    Also I don’t think it is good when the “government” creates jobs. Two ways that can go. If it is a service for welfare (which has changed meanings since it’s origination) and that will create jobs but cost more than the income, HELLO. The other way is by regulation, then they need people to monitor it, which also is non producing for income. We as American’s I feel all look like fools because we sit around for 3 years before we admit a problem that educated politicians should be able to figure out. Why do we have attorney’s in court when there is a judge that is paid to be all knowing and fair. It’s all a Hoax. Founding fathers left after they wrote our declaration. Politics plays us all for fools. We think companies are too big, I believe that is happened with our Nation, and Under God, with out much liberty, and justice for those that can pay.

  9. usjustice4all says:

    We allow the banks to run their own set of books, things will NEVER change until that does.

  10. QNY81 says:

    What everyone needs to do is take all their money out of the big banks and put their money in the credit unions or small community banks. That is the only way to bring these banks to their knees. Your deposits allow them to lend at least $9 per every $1 deposited. In a credit union, you are the shareholder.

  11. housemanrob says:

    Stumph said- We didn’t ask for this money ftom the federal gov,,,,,,,,,,,,,,,,than give it fuckin back, mother fuck!

  12. maggie may says:

    ON A LIGHTER RANDOM POST PEOPLE…BOIL SOME WINGS DRAIN…………………..ADD SALT PEPPPER AND MCCORMICKS SMOKEHO– USE MAPLE SPICE SHAKE IT WELL BOTH SIDES GRILL OR BAKE OMG!!!!

  13. ian says:

    Stumpf and his ilk are trying desparately to get rid of the paper trail of all these (illegally) securitized mortgages before the …. hits the fan. Making money on insurance payouts, credit default swaps, CDOS, etc. in the process is of secondary importance. They want to get rid of the loans. Which of course, are not really loans, but the judges can’t seem to get their arms around that concept. More like an (illegal) unregistered securities transaction, whereby both the investors (purchasers of mortgage backed securities,or, more pointedly, non-mortgage backed securities) and the borrowers were defrauded by bogus, and in most cases illegal activities from start to finish. Disgusting.

  14. Antipodeus says:

    I agree with Mr. Stumpf – yes, America needs jobs. MILLIONS of jobs – and not just for burger-flippers and TSA goons.

    BUT what America needs more than anything else is JUSTICE, a new ‘Peccora Commission’, indictments and massive, punitive fines and genuine jail-terms for the perpetrators of financial fraud and other such crimes!

    Without THAT, the America which so many of its foreign friends have respected and admired is DOOMED.

  15. rictic says:

    “I get the fact that families are hurting,” Stumpf said in response to the request, “but moratoriums only put off the inevitable. We need jobs in America, that’s what we need.”

    Families are hurting, Mr Stumpf because you and your ilk commited FRAUD.
    This ar$ehole is either dumb or arrogant beyond belief.. AAAARRRRGGGGHHHHH

  16. FRUSTRATED GEORGE says:

    This is the tip of the iceberg… CEO’s answer to jobs is throwing others out of their homes?

    I DO NOT advocate violence, but this guy and his ideals are a prescription for Civil Unrest.

    The Fraud cases must be addressed and properties returned to the owner-resident to include all monetary damages these BOTTOM FEEDERS have imposed on society with their “creative financing”…

    It goes both ways, if those had the intent to defraud the system then by all means they should be punished as well.

    Fraud victims must be vindicated!!!

  17. pamelag says:

    pity him when the karma police show up.

  18. Jason Werner says:

    There should be a clarification in the article. Angry and LOVING homeowners were arrested for expressing their constitutional rights. I was arrested and prosecuted for using my constitutional rights of free speech before, so I know what it is like. Some people just don’t want true love and some people make false reports (false reports are usually considered felonies).

    Furthermore, the people who were arrested were victims of obstructing justice and tampering with witnesses. Those victims must be protected and the criminals (the people who did the arrests) must be charged (prosecuted) accordingly and discharged (fired) accordingly.

  19. Dawn L Hommes-Salmon says:

    What an incredibly arrogant son of a bitch.

    • FRUSTRATED GEORGE says:

      DITTO Dawn…

      • KM says:

        How about he and his family/children trade places and see how he feels on the other side of the fence. I am sure his tone would change. They are ALL out of touch.. .every single arrogrant, greedy one of them. I am fairly sure that NW Trustee hedged against our home and this is precisely why they are in a hurry to foreclose on as many properties asap- (Whats his name himself, of Routhe, Crabby and ??? what’s his name.) Very interesting paperwork showed up. These people are far from American and are a disgrace to the good people of America.

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