10 Arrested--Including Vietnam Veteran, Minister, Students, Unemployed--At Wells Fargo Action
Ahead of the big bank's shareholder meeting tomorrow, 10 activists were arrested in Des Moines, Iowa, at a Wells Fargo office, where they were sitting in to demand CEO John Stumpf grant them time to address the meeting.
Members of Iowa Citizens for Community Improvement, as well as National People's Action director George Goehl, occupied the headquarters of the bank's Home Mortgage division, calling for time for the 99% Power coalition to address the shareholder event and present their demands, which include reducing principal on underwater mortgages and paying their fair share of taxes.
“We’ve asked Wells Fargo four times in the past four weeks for one hour on stage tomorrow in San Francisco and they’ve said no every time,” said Stephanie Simmons, a former Methodist minister and one of those arrested in Iowa. “We want to talk about Wells Fargo’s shameful record on tax dodging, home foreclosures, predatory lending, political contributions, and CEO bonuses.”
AlterNet's Josh Holland will be attending the Wells Fargo shareholder meeting; keep an eye out for his report.