For the past year, Occupy Fights Foreclosures has been fighting to keep many homeowners from being wrongfully foreclosed and evicted by Wells Fargo Bank, which has been sued, not just by unhappy homeowners, but by the US Justice Dept., the Federal Reserve, and two large cities for its predatory and discriminatory lending practices. Many of its victims have stories similar to these:
• Read about Harolyn Rhue, a disabled African-American woman whom Wells Fargo wrongfully foreclosed and evicted on May 30th. Anatomy of a foreclosure: Institutional mortgage juggling leads to disabled Altadena woman’s eviction: http://www.pasadenaweekly.com/cms/story/detail/?id=12177
"In Rhue’s case, the loan was more than inappropriate. It was never manageable, based on income figures twice her actual earnings. Rhue says she neither claimed the numbers listed nor did she actually sign the document, alleging her signature was forged."
• Learn about Richard Castaldo, Columbine shooting survivor, who is fighting to keep his home after Wells Fargo gave his family a predatory loan. http://www.youtube.com/watch?v=3LTKmUBa5lA
• Learn about Larry Delassus, who died of a heart attack in court as he fought to keep Wells Fargo from foreclosing on him. http://www.youtube.com/watch?v=t13vOIGJATg
Despite pocketing vast bailouts from the Fed and the U.S. Treasury, and promising to make amends in the settlement with state attorney generals, Wells Fargo has been rated as among the worst performers in fixing their predatory mortgages. In other words, Wells Fargo continues trapping people with the very practices that have helped tank the U.S. economy and set the global economy spiraling. [reference 1, 2, 3]
States are willing to settle on empty promises, and legal help often doesn't happen sooner than eviction. Let's start a DIY fight for justice by hitting Wells Fargo in the only place it feels the pain: its wallet. Let’s starve the beast. Let's bring justice closer. And let's regain control of our economy. Move Your Money Out of A Criminal Hand, Wells Fargo.
Here are 6 reasons to do it:
1. End foreclosure abuses by compelling Wells Fargo to work with homeowners.
2. Force Wells Fargo to invest in homeowners by providing more principal reductions.
3. Invest in Main Street, not Wall Street. ( ? )
4. Lend a Hand to Local Businesses ( ? )
5. End Too-Big-o-Fail Banks ( ? )
6. Fewer Fees, More Savings ( ? )
PLEDGE TO SUPPORT AND MOVE YOUR MONEY OUT OF WELLS FARGO BEGINNING ON SATURDAY, JUNE 22ND
And let these Wells Fargo executives know why you support the "Move Your Money" Out of Wells Fargo Campaign:
515-213-6117 MICHAEL HEID (Wells Fargo President of Home Loans)
415-396-7018 JOHN STUMPF (Wells Fargo CEO)