Occupy LA announces meeting with Wells Fargo Bank over home foreclosures (at BANK's request!)

[pinboy3niner]

Last edited Tue Feb 7, 2012, 01:32 AM - Edit history (2)

Source: examiner.com

By Matthew Emmer


Representatives of the Occupy Los Angeles movement announced today that they plan to meet with Wells Fargo Bank executives on Monday, February 6 to discuss possible remedial measures the bank can take to ease the foreclosure-fraud problem. According to the Occupy activists, the meeting with Wells Fargo will be the first of its kind in the nation, in which bank executives and Occupiers come together to discuss core economic issues which led to the Occupy protests that began on Wall Street last September.


Representatives from Wells Fargo, America’s largest residential-mortgage originator in terms of both market share and mortgage servicing, reportedly had first approached lawyer and Occupy activist Pete Thottam and members of Occupy the Rose Parade during their preparations for last month’s Tournament of Roses Parade in Pasadena, California. Occupy the Rose Parade had singled out Wells Fargo, which they say was the largest financial contributor to this year’s Parade and participant with two large floats in the processions, as an example of how the Parade had been overtaken by corporate interests.

...


The Occupy representatives say they will press Wells Fargo for an extended moratorium on foreclosures to help families until unemployment rates return to pre-2008 levels, and push Wells Fargo (and other banks) to offer more immediate and long-term relief principal, interest rate, and payment reduction relief to borrowers. In addition, the Occupy activists say they will demand that Wells Fargo fix its lending practices to eliminate allegedly discriminatory lending, i.e., “redlining”, based on age, gender, and race.

...


http://www.examiner.com/la-county-political-buzz-in-los-angeles/occupy-la-announces-meeting-with-wells-fargo-bank-over-home-foreclosures

[pinboy3niner]

1. Kick for those who missed it

[ellisonz]

2. Dena Represent!

[Starry Messenger]

3. k&r

[sabrina 1]

4. Great, imagine that, the Banks are listening to this 'irrelevant' movement!

Good to see that while others are sitting around slamming those who are actually doing something, OWS just keeps on going and succeeding where Congress failed. Holding them accountable.

Great news, thank you.

[myrna minx]

9. So this is what the death rattle of a movement sounds like.

They're just dumb kids wandering around a park all leaderless and such - or so I've read here.

Onward OWS! This is exhilarating news.

[SammyWinstonJack]

10. Not bad for being declared "irrelevant". eh?

[sabrina 1]

15. No, not bad at all, and when you combine this with the fact that the NY AG has

credited OWS with his incentive to pursue Wall Street corruption, it looks like they have more than accomplished what they set out to do. And in just under five months. No wonder they are being so viciously attacked both physically and in the media.

[Starry Messenger]

13. Boom.

[loyalsister]

5. LA has the right idea

I hope to see others follow suit.

[joshcryer]

6. When I told my super fundy mom there were 18+ million empty houses...

...she was baffled and asked me, "Why don't they just let the people stay in those homes until they're back on their feet? They're losing money..."

She was totally baffled, and this is someone who is anti-pretty-much-any-social-safety-net.

I'll get to her yet.

Going to send her this article.

[pintobean]

7. K&R

[BumRushDaShow]

8. K&R

And hope they can come up with a good template solution to use everywhere!!!

[greytdemocrat]

11. I don't know...

[link:http://elitemrp.net/cgi-bin/iat/iat.pl?l1=IT'S%20A%20TRAP!&font=default&back=mousetrap&ackbar=sit&ft=.jpg|]

[myrna minx]

14. I think this news is quite promising. n/t

[Robb]

12. I'm sure Wells will enter into dialogue in good faith.

There's no way this could go any way but great!

[Cleita]

16. Wells Fargo is slimier that most of the other banks. Don't trust them and

Occupy needs to make sure all the i's are dotted and t's crossed in agreement reached with them. I used to do forensic accounting at one point in my life and the murkiest and sloppiest records kept were by Wells Fargo.

[Robb]

17. "Wells Fargo had nothing more than slides and snacks to offer us."

What a surprise.

http://www.huffingtonpost.com/mobileweb/2012/02/07/occupy-la-wells-fargo_n_1260410.html

[woo me with science]

18. K&R