Just when Wall Street thought that Occupy was going away. Now the protest moves to the homes of those in charge. The protesters focus on occupying the home of Wells Fargo’s chairman and CEO John Stump in San Francisco’s Russian Hill. With pictures of his face being center stage. Investors take note this can’t be a good image for stock value. This may be the smartest move of the Occupy movement yet.
During the speeches and on posters, protesters shared their personal foreclosure experiences.
A Bayview resident told the crowd that he and his three children will be evicted from their home in San Francisco’s Bayview distict this Wednesday.
San Leandro residents Donna and Nuno Vieira and their 7-year-old son Leonardo each carried a placard discussing an element of their story about losing a second home in Reno, Nev., through a Wells Fargo foreclosure.
Donna Vieira says a fraudulent appraisal meant her Reno house was $243,000 under water on the day she took out her Wells Fargo mortgage. The Vieira family later lost the home to foreclosure after pouring $350,000 into a down payment and monthly mortgage payments.
Donna Vieira was among the Wells Fargo shareholders who were arrested at the bank’s annual meeting last year. Stump heard from several who were angry over foreclosures at last year’s annual meeting. Donna Vieira said Saturday that she plans to attend this year’s annual meeting.
Others at Saturday’s protest included a representative from Occupy Redwood City, a 25-year San Francisco Realtor and a young man pleading for the bank not to foreclose on his neighbors.
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