Tag Archives: John Stumpf

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Stand with the people of Richmond


Campaign for a Fair Settlement a project of Action for the Common Good

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Get more people involved in fighting back against Wall Street bullies by sharing this image or sharing the petition to Stand with Richmond.

Impressive.
We’re getting reports from our partners in California that this is how the people fighting for Local Principal Reduction (LPR) in Richmond are describing all the support and media attention that’s been focused on them since that city started using that policy to move towards helping struggling families stay in their homes.

Thanks to the efforts of supporters like you, 20,000 people have signed on to support Local Principal Reduction and over 6500 have signed on to support Richmond, CA, efforts in particular. Activists at the Alliance of Californians for Community Empowerment (ACCE) and the Home Defenders League delivered those signatures directly to Wells Fargo branches the same week the Wells CEO, John Stumpf led the charge of the Wall Street criminals in trying to stop Richmond’s efforts by suing the city the week after Richmond announced its policy. Just last week over 200 of you also called Stumpf’s office to tell him to stop suing and start negotiating.
Another thing that’s impressive is how important this support is in fighting back against Wall Street’s bullying of cities like Richmond. The lawsuit isn’t just about stopping Richmond, it’s about stopping ANY city from trying this common sense solution to fixing what Wall Street broke. The more people standing up the more likely we are to win! Can you help find more fighters by forwarding the Stand with Richmond petition with 5 friends? http://www.homedefendersleague.org/stand_with_richmond_ca You can also share it on Facebook here or on Twitter here.

You can also share this great Facebook graphic that the Home Defenders League created about the LPR fight between Richmond and the criminal bankers led by Wells Fargo CEO John Stumpf (it’s the one in the picture at the top of the email).
This campaign is really heating up because there’s finally a way to fix what Wall Street broke and it doesn’t have anything to do with coddling Wall Street criminals; its main priority is keeping struggling families in their homes. Naturally, Wall Street bankers are desperate to stop it. If you want to stay up-to-date on these fights, the HDL has set up a special section of their website with information, updates, and ways to take action: http://www.homedefendersleague.org/local_principal_reduction
Thanks for standing up and fighting back in support of Local Principal Reduction!

In Solidarity,
Brian Kettenring, Executive Director, Action for the Common Good

~ politics petitions pollution and pop culture

Wells Fargo


Wells Fargo vs. Bernetta Adolph

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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