Live stream of OccupyMN protesters in front of Wells-Fargo.

[geardaddy]

http://www.occupymn.org/

[RKP5637]

1. I think people have just about had it with the outrageous greed in this country

and the shenanigans of wall street and the banksters. Especially with the bailouts and the endless supply of money to these F'en crooks.

[geardaddy]

3. Yep, agreed.

The protesters are now going toward US Bank, I believe.

On edit: It looks like they're back at the People's Plaza (Hennepin County Gov't Plaza) which is across the street from US Bank.

[RKP5637]

2. And these are older people too, not outrageous hippie kids as some of the M$M tries to spin. Pooping

on police cars and what not. M$M in this country is like the propaganda during the cold war. More Americans are finally waking up to the crap they are fed each day by M$M.

[Matariki]

4. I'm so loving my fellow Americans right now

:hugs:

[CoffeeCat]

5. I have mixed feelings about this...

I support OWS wholeheartedly, and my husband and I are in Iowa--and considering going to NYC. So, please don't
accuse me of not supporting OWS.

However, I'm not so sure that Wells Fargo is the enemy. I paid very close attention to events surrounding the
2008 collapse and TARP. Did you know that Wells Fargo did not want any part of TARP? They didn't want the money
and they were pissed as hell that they had to participate. They were forced.

Hank Paulson made all of the big banks take the TARP money. His reasoning was--if only select big banks (the top
five or so that were really in trouble) took the money--that would signal that these banks were in trouble--and it would
cause a run on specific banks. Then, the collapse would happen anyway. So--Paulson called a meeting and forced
them to take the money. He even threatened that if they refused to comply, "We will remember it, and if there is a collapse
in the future, you will not be helped."

Wells was so pissed and I saw comments from their CEO during and immediately after TARP. He criticized Paulson and the
whole thing. Wells also paid off the TARP money quickly.

Listen, the banks are corrupt. I'm not saying that Wells Fargo is innocent on all counts. However, I duly noted their
behavior during the bailout and I actually think that the company was a victim of strong-arming by Paulson.

Wells did not engage in the subprime nonsense on the grand scale that most of the other banks did. They were essentially
a healthy bank with plenty of cash reserves and they didn't need TARP.

Also, I am not affiliated with Wells Fargo in any way, shape or form. No family or friends work there. I discovered these
tidbits while reading a great deal during the 2008 crisis. Frontline's program on the bailout details this as well.

Also, I'm not criticizing the OWS protesters who are there. I do not think they are wrong. Wells was lumped in with TARP.
So maybe Wells Fargo needs to realize that silence is compliance. Maybe Wells will end up on our side? You never know. Cuz
I really don't think they're too jazzed about the behavior of the other banks or of our government either.

[RKP5637]

6. Interesting!!! n/t

[cyglet]

7. WF still nickels and dimes people

As all the big banks do. This isn't all about TARP money.

[EdMaven]

8. wells fargo is implicated in the mortgage crisis:

WASHINGTON -- Wells Fargo & Co. has agreed to pay $85 million to settle civil charges that it falsified loan documents and pushed borrowers toward subprime mortgages with higher interest rates during the housing boom.

The fine is the largest ever imposed by the Federal Reserve in a consumer-enforcement case, the central bank said Wednesday.

Wells Fargo, the nation's largest mortgage lender, neither admitted nor denied wrongdoing as part of the settlement. The bank agreed to compensate borrowers who were steered into higher-priced loans or whose income was exaggerated.

The Fed said Wells Fargo inflated borrowers' incomes on loan documents to qualify for mortgages they otherwise couldn't afford from 2004 until 2008. Wells Fargo sales personnel also pushed borrowers toward higher-interest, subprime loans, even though they were eligible for lower-interest mortgages, the central bank said.

http://www.huffingtonpost.com/2011/07/20/wells-fargo-settlement-mortgage-abuse_n_905054.html


This report examines the residential mortgage lending performance of Wells Fargo with aggregated data from 2004 through 2007, as reported in the Home Mortgage Disclosure Act (HMDA). Lending activity from Wells Fargo Home Mortgage, Wells Fargo Financial, and warehouse and correspondent lending channels are combined in this analysis. This report holds Wells Fargo accountable for their irresponsible lending practices, with a specific focus on how low- and moderate-income and minority borrowers have been dramatically impacted.

http://www.npa-us.org/downloads/truthaboutwellsfargo.pdf

less than some others, but they were there.