Protesters Descend on Wells Fargo, 24 Arrested
Get the Flash Player to see this player.
Hundreds of protesters today blocked entrances at the Merchants Exchange Building in San Francisco, where Wells Fargo Bank shareholders held their annual meeting. Police have arrested 24 people. Occupy San Francisco and other groups organized the event in protest of Wells Fargo's lending and foreclosure policies.
Protesters, including some local clergymembers and Wells Fargo shareholders, said they want a moratorium on all foreclosures and principal reductions on mortgages for homes whose values have dropped. The banks got bailed out and now, protesters say, families are getting kicked out of their homes. So what are Wells Fargo's obligations to borrowers, shareholders and the greater good?
We hear from Reverend Richard Smith, a priest associate at an Episcopal parish in San Francisco's Mission District who took part in today's protest. And host Cy Musiker talks with Kirk Hanson, executive director of the Markkula Center for Applied Ethics at Santa Clara University.
- 24 Arrested During Wells Fargo Protest: from KQED's News Fix blog