Occupy Crashes Wells Fargo Stockholders’ Meeting

Protesters at Wells Fargo stockholders’ meeting in the San Francisco financial district. More than 1,000 people took Occupy Wall Street’s message to Wells Fargo this week, rallying outside the bank’s annual stockholders’ meeting in the San Francisco financial district About 30 protesters managed to get inside the meeting to directly challenge bank officers. Police said 24 people were arrested, including 15 for disrupting the meeting while inside the standing-room-only gathering of nearly 300 people Protesters, many of whom had come from out of state, targeted what they said was Wells Fargo’s high rate of foreclosure, predatory lending practices, tax dodging and investing in private immigrant detention centers. Inside the meeting Wells Fargo Chief Executive John Stumpf highlighted the bank’s efforts to work with struggling homeowners, including 740,000 loan modifications and more than $4 billion in forgiven loan balances. But he acknowledged, “We could not help everyone.” Demonstrators outside the Merchant’s Exchange Building waved signs and blocked the street, chanting, “We are the 99 percent! Let us in!”
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