Tell Wells Fargo: Stop the Evictions & Wage Theft!

Belva Davis is facing eviction from her Detroit area home, despite her attempts to pay her mortgage.  Deb Johann lost her job and had months of her vacation pay stolen from her, when Quad City Die Casting abruptly shuttered its Moline, IL plant.  She and her co-workers are also owed thousands of dollars in health care.

They are only two among tens of thousands of victims of corporate crime.  The culprit?  Wells Fargo.

 

Wells Fargo and its Wachovia subsidiary received $25 Billion in “TARP” bailout money, not to mention far more subsidy from the Federal Reserve, supposedly to extend credit and keep our economy going during this economic crisis. 

  

Instead, these bandits have taken their bailouts and are using that money to block a recovery for the rest of us.  This is a corporate crime!

Sample Letter for Campaign

Subject: Stop the Evictions & Wage Theft

Dear [ Decision Maker ] ,

Stop the evictions and stop pushing people out of jobs. You were bailed out by we the people. Your failure to address these concerns borders on criminal conduct. In particular:

1) Stop evicting Belva Davis - and all the other Belvas that need you to renegotiate mortgages

2) Pay the Quad City Die Cast workers what they are owed.

Sincerely,

Campaign Launched:
September 24, 2009


Background Information

Wells Fargo and its Wachovia subsidiary received $25 Billion in “TARP” bailout money, not to mention far more subsidy from the Federal Reserve, supposedly to extend credit and keep our economy going during this economic crisis. 

Instead, Wells Fargo and the rest of the big “Bailout Bandits” (Bank of America, Citigroup,

JP Morgan Chase) reduced their lending, increased foreclosures and are paying huge executive bonuses while:

 

  • foreclosing and evicting tens of thousands of people
  • pushing people out of jobs when companies close for lack of credit
  • charging obscene overdraft fees
  • spending millions lobbying against reforms of the financial system and a recovery for the rest of us (health care, employee free choice act, a jobs plan and more)

Wells Fargo is even refusing to negotiate with Belva and refusing to pay Quad City workers what they earned n vacation pay or health care benefits.