ABA Showdown: Protestors Storm Wells Fargo

The Showdown in Chicago continues ... Via SEIU and National People's Action, here's some great video of a surprise rally that followed the Goldman Sachs protest we highlighted earlier.  Many of those same demonstrators headed over to Wells Fargo's office building and gathered in the lobby, chanting: "Bailouts? No thanks! Bust up big banks!."  When security finally escorted them from the premises, the crowd yelled in unison, "We'll be back!  We'll be back!" Watch it:

During the subprime mortgage boom that led to the financial crisis, Wells Fargo was easily one of the worst actors.  In recent months, several lawsuits filed across the country (including here in Illinois) have alleged that the bank targeted minority homeowners for high-interest mortgages while offering cheaper deals to white customers. Moreover, local unions have spent much of this year fighting Wells Fargo's efforts to cut off credit to companies like Hartmarx and Quad City Die Casting.  In fact, the United Electrical Workers (who represent the Quad City employees) were on hand in Chicago today and can be seen briefly in the video above.

In other Showdown news, be sure to read the Nation's Esther Kaplan on the first evening of action.

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

More information about formatting options

Progress Illinois' intention is to foster community and to maintain a comfortable and constructive blogging environment. While we encourage and appreciates different points of view, we do not consider it our duty to give a voice to anybody with an opinion.

Discussion on this site is moderated. All comments submitted will be automatically held for review by the editors before posting. Your comment will not appear on the site until it has been approved.

We will not publish comments that we consider:

  • off-topic
  • long-winded or containing excessive text from another source
  • inflammatory
  • commercial promotion

Please leave a name or nickname when commenting, as it makes it easier for others to respond directly.