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 ...
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.
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