“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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