Community Leaders Target WELLS FARGO BANK due to Foreclosure Policies and Investments in Immigration Detention Centers


Organizers Cite Foreclosure Policies and

Investments in Immigration Detention Centers

            On Friday, January 6, 2012 at 12:00 noon, a diverse group of community and civil rights organizations will come together to expose Wells Fargo Bank’s racist, anti-community policies and to call for customers to close their Wells Fargo accounts.  The day will begin with a rally at the old Albertson’s parking lot on Sebastopol Road in Santa Rosa.

This will start a day of action against Wells Fargo by Occupy Santa Rosa, Graton Day Labor Center, the D.R.E.A.M Alliance of Sonoma County, the Committee for Immigrant Rights of Sonoma County, and the MEChA chapter (Movimiento Estudiantil Chican@ de Aztlán) at Santa Rosa Junior College.  After the rally, the group will march on the downtown Santa Rosa branch of Wells Fargo Bank.

“We are protesting Wells Fargo for investing billions of dollars into for-profit detention centers which imprison immigrant workers, while receiving billions in taxpayer bailouts and continuing with their illegal and fraudulent foreclosures,” say the organizers.  Wells Fargo took $25 billion in taxpayer bail-out dollars, while paying CEO John Stumpf $19 million in 2010.  The bank also holds more than $5 billion in student debt.

In addition, they are heavily invested in two private prison corporations, Corrections Corporation of America (CCA) and the GEO Group, which contract with the federal government to run immigrant detention facilities around the country.   In 2009, some 380,000 immigrants were held in detention centers at a cost to taxpayers of more than $1.7 billion.  These prisons have been the source of numerous reports and complaints of rape, child abuse and abysmal medical care.  GEO recently was ordered to pay $40 million in the wrongful death of a prisoner in its Raymondville, Texas facility.


Jesus Guzman            (707) 483-2874

1 thought on “Community Leaders Target WELLS FARGO BANK due to Foreclosure Policies and Investments in Immigration Detention Centers

  1. Very useful blog. It was very relavant. I was looking exaxtly for this. Thank you for your effort. I hope you will write more such useful posts.

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