Bernetta Adolph taking action against Wells Fargo.
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Bernetta Adolph is a member of CFS partner Home Defenders League. We thought you’d want to hear about her story and help her and thousands of others fight back against Wells Fargo.
–Brian, Campaign for a Fair Settlement
Retired. Cancer survivor. Disabled. Single mother. Senior. And Wells Fargo is about to steal my home.
My name is Bernetta Adolph, a retired employee of the City of San Francisco, and I’ve lived in my home for almost 20 years. My trouble with Wells Fargo started when I took out a loan against my house in order to ensure my only son could afford a good education. Click here to tell Wells Fargo to keep me in my home and add your voice thousands of others taking dramatic action against Wells Fargo across California and Minnesota on Wednesday the 27th!
It turns out the loan to provide for my son’s future was designed to ruin my own. It was predatory, calculated to strip my equity and set me up for failure. When I tried to work with Wells to fix the loan, they offered a modification so small it didn’t make any difference. Then they started trying to take my house. The stress hastened my blindness and continues to aggravate my health problems.
But I’m far from the only one to have suffered at the hands of Wells Fargo bankers. Here’s what I’ve found out:
Wells Fargo is foreclosing on more people in California than any other bank. [1]
Wells Fargo paid $175 million to settle a lawsuit by the U.S. Department of Justice alleging that it targeted African-American and Latino borrowers for high-cost loans. [2]
From 2008-2010 Wells Fargo received $17.9 Billion in tax subsidies from you and me. [3]
These reasons plus stopping the theft of my home are why I’m proud that the Campaign for a Fair Settlement is joining with me, the Home Defenders League, and my home-state organization, the Alliance of Californians for Community Empowerment, to take on Wells Fargo directly by demonstrating at their branches and headquarters all over the state.You can add your voice to our direct actions by signing the petition here.
Not only that, but we’re also teaming up with Neighborhoods Organizing for Change,Occupy Homes MN, and Minnesotans for a Fair Economy to make the message as powerful as possible. Those groups are leading a huge day of action against Wells in Minneapolis the same time we’ll be taking them on in California. Here’s what we’re demanding:
Deliver on promised relief through full implementation of AG settlement and other programs.
Broadly implement of loan modifications by resetting mortgages to fair market value.
Restore our stolen wealth by ending predatory practices, ending discriminatory lending and paying your fair share of taxes.
Add your voice and tell Wells Fargo to keep me in my home and pay us back!
Since his inauguration in January, we’ve been pushing President Obama to use the first 100 days of his second term to finally hold Wall Street banks like Wells Fargo accountable for breaking our economy. This is the week we broaden the “100 Days to Fix What Wall Street Broke” campaign to Wall Street itself. They are the ones with our savings and our homes. It’s time for them to pay us back. Starting with Wells Fargo. Click here to tell Wells Fargo it’s time to pay us back!
In solidarity, Bernetta Adolph, ACCE and Home Defenders League member
[1] Based on statistics found in Foreclosure Radar, http://www.foreclosureradar.com [2] http://www.justice.gov/opa/pr/2012/July/12-dag-869.html [3] http://www.ctj.org/taxjusticedigest/archive/2011/11/tax_dodger_wells_fargo.php#.USfd0zDWi3w
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The Big Banks have a lot to answer for. As their greed and recklessness gave us a devastating financial crisis, they also abused and defrauded consumers. There are 7.5 million homes that have entered the foreclosure process, with another 4.8 million homeowners at risk. It’s time to set things right—and not with a slap on the wrist for bankersand fraudsters.Unfortunately, some state attorneys general are considering just that—a small slap on the wrist, not real accountability. To get the best deal for homeowners, and to make sure the banks are held fully accountable, your voice needs to be heard.
The collapse of the housing market and widespread abuses of homeowners are holding back our economy. Misconduct by the nation’s biggest banks gave us the financial crisis, and your attorney general has the power to hold them accountable. A deal already is being considered—and we have to get this right. We can’t repeat the mistakes of the bailout process.
Bernetta Adolph taking action against Wells Fargo.
Connect with the Campaign for a Fair Settlement
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