SFGTV: San Francisco Government Television
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Apr 3, 2012
04/12
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it will be my preference stock to focus so much on wells fargo as opposed to wells fargo being one of several banks issued. this is page one, lines 6 and 7. page 3, line 21-22, down to subprime loans. on 16 and 17, the words especially and the locally based bank giants. that will result in a much cleaner resolution. we want a moratorium and the banks have behaved very badly including wells fargo. this does that without going after the one that is the san francisco-based bank. that is my view on it. i made my view known. i will be voting for this resolution. >> there is a resolution on the table. supervisor cohen. >> i second it. >> he has made a motion to strike wells fargo. >> thank you very much. it has been a long day. i have mixed feelings about my personal experience with said bank with my own foreclosure. when i read the language i was uncomfortable. it was almost petty. the resolution is thoughtful and captures what i want to express. i was a little uncomfortable with the singling out of the especially wells fargo. i will be supporting best no matter of which way we go, whether
it will be my preference stock to focus so much on wells fargo as opposed to wells fargo being one of several banks issued. this is page one, lines 6 and 7. page 3, line 21-22, down to subprime loans. on 16 and 17, the words especially and the locally based bank giants. that will result in a much cleaner resolution. we want a moratorium and the banks have behaved very badly including wells fargo. this does that without going after the one that is the san francisco-based bank. that is my view on...
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Apr 24, 2012
04/12
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KOFY
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wells fargo bank building.aybe a strategic move on their part to keep the action away from the bank. right now the crouse measured in dozens rather than the thousands -- thousands that organizers said they expected. we understand from the police as many as 400 may be on their way here marching from justin herman plaza. we have pictures of people going into the meeting earlier they were asked for their picture id's and stock certificates to prove they were wells fargo shareholders and entitled to go into the meeting. most that we talked to said they were in support of the protests. >> i think this is a very legitimate protest that wells fargo have 21 billion in unpaid taxes. they also are invested in private prisons and these are all an innag ma to working-class across the country -- >> i think it will depend on how many shares people have. >> reporter: wells fargo has issued a statement saying wells fargo respects the rises of americans to peacefully assemble our focus will be the safety of our customers, team
wells fargo bank building.aybe a strategic move on their part to keep the action away from the bank. right now the crouse measured in dozens rather than the thousands -- thousands that organizers said they expected. we understand from the police as many as 400 may be on their way here marching from justin herman plaza. we have pictures of people going into the meeting earlier they were asked for their picture id's and stock certificates to prove they were wells fargo shareholders and entitled...
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Apr 24, 2012
04/12
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KGO
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wells fargo bank building.aybe a strategic move on their part to keep the action away from the bank. right now the crouse measured in dozens rather than the thousands -- thousands that organizers said they expected. we understand from the police as many as 400 may be on their way here marching from justin herman plaza. we have pictures of people going into the meeting earlier they were asked for their picture id's and stock certificates to prove they were wells fargo shareholders and entitled to go into the meeting. most that we talked to said they were in support of the protests. >> i think this is a very legitimate protest that wells fargo have 21 billion in unpaid taxes. they also are invested in private prisons and these are all an innag ma to working-class across the country -- >> i think it will depend on how many shares people have. >> reporter: wells fargo has issued a statement saying wells fargo respects the rises of americans to peacefully assemble our focus will be the safety of our customers, team
wells fargo bank building.aybe a strategic move on their part to keep the action away from the bank. right now the crouse measured in dozens rather than the thousands -- thousands that organizers said they expected. we understand from the police as many as 400 may be on their way here marching from justin herman plaza. we have pictures of people going into the meeting earlier they were asked for their picture id's and stock certificates to prove they were wells fargo shareholders and entitled...
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Apr 25, 2012
04/12
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CURRENT
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wells fargo lost 15% of his stock value last year. is at 10% of its value from before the crisis but still you lose 50% of your stock value and get $34 million for it. gee, i wonder why people are protesting. amazing. and some of the people protesting are the owners of the company, the shareholders. some tried to get into the meeting and they were shut out. watch. [ shouting ] >> this meeting belongs to us! >> you thought it belonged to you, but apparently owning stock isn't what it used to be. now there are rules that say executives can pay themselves anything they want and the shareholders only get a say that's optional. citigroup shareholders said that the ceo should not get this huge pay package, and the ceo said that's interesting, i'm going to take it anyway. now in this case wells fargo approved this package for their ceo with no problems whatsoever. they said in record time it was approved, of course part of the reasons they shut out the owners that were against it. i'm going to bring in someone here who was part of the protes
wells fargo lost 15% of his stock value last year. is at 10% of its value from before the crisis but still you lose 50% of your stock value and get $34 million for it. gee, i wonder why people are protesting. amazing. and some of the people protesting are the owners of the company, the shareholders. some tried to get into the meeting and they were shut out. watch. [ shouting ] >> this meeting belongs to us! >> you thought it belonged to you, but apparently owning stock isn't what it...
SFGTV: San Francisco Government Television
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Apr 11, 2012
04/12
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SFGTV
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i want to thank wells fargo for your leadership. they understand the issues that our city has, certainly in the southeast neighborhoods where we have had a record number of foreclosures, in part, driven by the lack of small businesses and the ability to get loans. many of us that the board of supervisors want to ensure this program gets as big as possible. i want to thank the mayor for your commitment. i hope in the term we are serving together, we figure out how to surpass the $5 million number. if we look to get this through the board as quickly as possible and eating many more soul food breakfasts at places like brenda's. [applause] >> thank you. the last time i was at an event for the revolving loan fund was in my district at a place called mission cheese. it is a very successful small business and i understand it is repaying its loan. this is one of those programs where you can invest a small amount of money and get a big bang for your buck. i also want to compliment the mayor and the full board. lots of time you hear politicia
i want to thank wells fargo for your leadership. they understand the issues that our city has, certainly in the southeast neighborhoods where we have had a record number of foreclosures, in part, driven by the lack of small businesses and the ability to get loans. many of us that the board of supervisors want to ensure this program gets as big as possible. i want to thank the mayor for your commitment. i hope in the term we are serving together, we figure out how to surpass the $5 million...
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Apr 24, 2012
04/12
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KNTV
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wells fargo, we have been in conversations since 2008. what's clear is they're not going to budge until they absolutely have to. they've really dug in their heels unfortunately. what it is going to take is people, ordinary people, little people like us, standing up and saying we're not going to take this any more. this is simply not fair, defies all the standards of human decency, we're going to stand up and speak our word. >> wells fargo also released a statement saying in part wells fargo makes efforts to keep people in their homes. over the pass year, less than 2% of owner occupied loans in the portfolio resulted in foreclosures, wells fargo is a responsible corporate citizen that paid $6 billion in taxes for 2011. now, that meeting is expected to get started we're told within the next hour or so. so far, the crowd is getting larger and larger, but it has been fairly quiet from this end. as we said, right before we came on, we did see a couple of people blocking the doorway led the other way by police. but again, at this point, so far
wells fargo, we have been in conversations since 2008. what's clear is they're not going to budge until they absolutely have to. they've really dug in their heels unfortunately. what it is going to take is people, ordinary people, little people like us, standing up and saying we're not going to take this any more. this is simply not fair, defies all the standards of human decency, we're going to stand up and speak our word. >> wells fargo also released a statement saying in part wells...
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Apr 24, 2012
04/12
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join us at 5:00 for more on the occupy protests at wells fargo.e're always it here for you on ktvu.com. thank you for watching. vegetables at their peak. ...and freezes them fast, locking in nutrients ...for you to unwrap. ♪ ho, ho, ho. green giant this reduced sodium soup says it may help lower cholesterol,
join us at 5:00 for more on the occupy protests at wells fargo.e're always it here for you on ktvu.com. thank you for watching. vegetables at their peak. ...and freezes them fast, locking in nutrients ...for you to unwrap. ♪ ho, ho, ho. green giant this reduced sodium soup says it may help lower cholesterol,
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Apr 24, 2012
04/12
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KPIX
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we're live in downtown san francisco, cbs 5. >> nice job, wells fargo did send out a statement. but here is more. wells fargo has helped more than 740,000 customers with low modifications and has for given $4.1 billion in principal since 2000 and nine. some developing use in oakland this morning. police there have had a busy 12 hours. >> this morning responded to issue about that complicated the work of firefighters. first a fire at 40 and campbell street displaced 14 people. everyone was able to get out safely and the fire was out by 9:45 p.m.. >> my mother popped up, and then i ran into the room and got everyone out of the room. >> a few minutes later gunfire erupted around the corner near 15th and wood and then someone seeking help ran west toward the fire scene as firefighters were mopping up. police are now in the area to make sure that crews are safe. the shooting suspects are still on the loose. >> late last night a shooting in east oakland sent three people to the hospital around 11:00 at 98 and holly street near international boulevard. the victims were found in separat
we're live in downtown san francisco, cbs 5. >> nice job, wells fargo did send out a statement. but here is more. wells fargo has helped more than 740,000 customers with low modifications and has for given $4.1 billion in principal since 2000 and nine. some developing use in oakland this morning. police there have had a busy 12 hours. >> this morning responded to issue about that complicated the work of firefighters. first a fire at 40 and campbell street displaced 14 people....
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Apr 13, 2012
04/12
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KRCB
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morgan and wells fargo what we'll hear next week? >> it's norwood extrapolate to the other banks because wells fargo and j.p. morgan are among the best capitalized and best managed bank in addition u.s. xt week brings a whole motley assortment of u.s. banks of ones that are experience legacy assets and troubles. however, we would think that the trading results from the largest banks should be fairly strong. >> tom: okay. certainly in the fixed income in the bond business. we saw that with j.p. morgan, for instance, today. eric, we appreciate the inside in the banking business. cding on along with us tonight from s & p. >> thanks, stop. thanks to higher prices for food and gas consumer prices crept higher last month, but cut if you didn't eat or drive, prices were steadier. the labor department says the consumer price index rose three- tenths of 1% in march, excluding food and gas, so-called core prices increased just two-tenths of 1%. meantime, after nearing $4 a gallon nationwide. you may have noticed gasoline prices have gotten eve
morgan and wells fargo what we'll hear next week? >> it's norwood extrapolate to the other banks because wells fargo and j.p. morgan are among the best capitalized and best managed bank in addition u.s. xt week brings a whole motley assortment of u.s. banks of ones that are experience legacy assets and troubles. however, we would think that the trading results from the largest banks should be fairly strong. >> tom: okay. certainly in the fixed income in the bond business. we saw...
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Apr 13, 2012
04/12
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CNBC
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are originated by wells fargo today? their mortgage activity was up 7.5% increase in loans. that was a tremendous number. i think what the street did not like and the reason we're seeing some of these financials down, you go to the traditional banking activity, that is loans. the loan business is still weak. we're not seeing any focus on the trading activity, not the focus on the mortgage business being better but traditional banking activity is still weak. that's, by the way, why we're getting the reasonable bank to weak. these guys, wells fargo, have got trading operations. jpmorgan has trading operations. they have nothing to fall back on, for example. >> when you think about the and on this anticipation of a bounce back, what we're seeing is normal. it makes sense. you can't have the type of outperformance, relative outperformance that we had and then expect exceeding, blowout type guidance. as you and i discussed, the mortgage issues that many had hoped, let's go back six months ago, they had hoped that by early 201
are originated by wells fargo today? their mortgage activity was up 7.5% increase in loans. that was a tremendous number. i think what the street did not like and the reason we're seeing some of these financials down, you go to the traditional banking activity, that is loans. the loan business is still weak. we're not seeing any focus on the trading activity, not the focus on the mortgage business being better but traditional banking activity is still weak. that's, by the way, why we're getting...
SFGTV2: San Francisco Government Television
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Apr 3, 2012
04/12
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SFGTV2
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next is marked with wells fargo. >> hello, i work for wells fargo bank. i cover the northern california region. i usually focus on about $350 -- $350,000 of sbe loans. last year, for 2010, i did 43 loans. so we are lending. i usually focus on six different types of loans. start-ups, business acquisitions, real estate purchases with ti's, working capital, a partner buyouts, business expansion. when i am looking at a potential loan, i use the standard five c's of credit. the first one is character. what we are looking for is a minimum score around 640. we would like to say no recent bankruptcy foreclosures, bankruptcies, tax liens. if we see a loan that has been modified, we would like to see a reason it was modified, what ever reason it may be. it cannot be, i did not want to pay that payment any more. the second c, conditions. basically, how precise will the money be used? we are looking at a business plan. when you look at a business plan, that is just a start up. we are looking to see where there will be the need for lending. if you are an existing busi
next is marked with wells fargo. >> hello, i work for wells fargo bank. i cover the northern california region. i usually focus on about $350 -- $350,000 of sbe loans. last year, for 2010, i did 43 loans. so we are lending. i usually focus on six different types of loans. start-ups, business acquisitions, real estate purchases with ti's, working capital, a partner buyouts, business expansion. when i am looking at a potential loan, i use the standard five c's of credit. the first one is...
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Apr 25, 2012
04/12
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KSTS
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take vo ---hoy tuvieron en la mira al banco wells fargo el cual tenia su reunion anual de accionistas... ---los indignados se hicieron presentes e intentaron enviar un mensaje a las personas que han invertido su dinero en ese banco... ---en total 24 personas fueron arrestadas... ---pilar nino nos cuenta como decenas reclamaron su derecho a entrar y lo que pedian... take pkg take pkg ;01 ; ; ; ; trt: --- out cue: " " empunando certificados que dicen los acreditan como accionistas del banco wells fargo, hoy decenas de personas reclamaron su derecho a entrar a la reunion anual de accionistas de la entidad en san francisco.... gerardo cajamarca/se presento como accionista :14 todas estas personas que estamos aqui y que portamos esta documentacion tenemos el derecho de estar adentro, y lo han dejado entrar? obviamente como ustedes pueden ver en esta democracia tienen la policia aqui miles los acompanaron en una marcha que se inicio en la plaza justin herman hacia el centro de la ciudad....miles que comparten sus demandas. que wells fargo haga una reduccion de los prestamos principales y ha
take vo ---hoy tuvieron en la mira al banco wells fargo el cual tenia su reunion anual de accionistas... ---los indignados se hicieron presentes e intentaron enviar un mensaje a las personas que han invertido su dinero en ese banco... ---en total 24 personas fueron arrestadas... ---pilar nino nos cuenta como decenas reclamaron su derecho a entrar y lo que pedian... take pkg take pkg ;01 ; ; ; ; trt: --- out cue: " " empunando certificados que dicen los acreditan como accionistas del...
SFGTV: San Francisco Government Television
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Apr 14, 2012
04/12
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SFGTV
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if we have had to go to john, the ceo of well fargo's house. we did a mock for closure of his house. we had to go to a board member of wells fargo and fight there. that is what it has taken just to get auctions of our neighbors postponed. with all respect to the mayor's office of housing, when he says that we cannot take action locally, this is a bigger problem, of course that is true. but this is about, what side are you on? will you take a stand in support of homeowners and tenants who are losing their homes, or not? i think it is as simple as that. the report shows that 84% of foreclosures are illegal. frankly, any other thing, if you are making parachutes and 84% of your parishes are failing, you would stop making those parachutes. i think is the same principle with foreclosures. the problem goes well beyond foreclosures that are illegal. the fact is, if people are getting kicked out of their homes because they cannot afford to pay their mortgages because they were given predatory loans in some cases, they lost their jobs, they are not maki
if we have had to go to john, the ceo of well fargo's house. we did a mock for closure of his house. we had to go to a board member of wells fargo and fight there. that is what it has taken just to get auctions of our neighbors postponed. with all respect to the mayor's office of housing, when he says that we cannot take action locally, this is a bigger problem, of course that is true. but this is about, what side are you on? will you take a stand in support of homeowners and tenants who are...
SFGTV: San Francisco Government Television
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Apr 2, 2012
04/12
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SFGTV
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wells fargo was not cooperative. yes, this is a terrible process. it has yet to have any sort of double dip -- resolution. supervisor avalos: thank you. next speaker, please. we have cathy galvez. >> wells fargo is that to me on march 28. -- evicted me on march 28. my sister, myself, and are dog were made homeless on march 28. thanks to videovian, she took us in. she took in three or fence -- orphans. we had no place to go. please, please, please stop these foreclosures. i do not want other people to go through what i have gone through. i had a large victorian, victorian furniture, now i have to -- wells fargo put a deadline for me to leave the house. it is really scary. i have a lot of people helping me. i do not want anybody else to have to thoroughly their memories and their emotions and -- throw away their memories and their emotions just to feed some greedy banks. you have to stop these banks from doing what they did to me. support the moratorium on foreclosures. please do that. i might seem like -- my sister is more affected by it. it is scary
wells fargo was not cooperative. yes, this is a terrible process. it has yet to have any sort of double dip -- resolution. supervisor avalos: thank you. next speaker, please. we have cathy galvez. >> wells fargo is that to me on march 28. -- evicted me on march 28. my sister, myself, and are dog were made homeless on march 28. thanks to videovian, she took us in. she took in three or fence -- orphans. we had no place to go. please, please, please stop these foreclosures. i do not want...
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committed they really order their transactions to create more overdraft fees wells fargo's well coby also got a secret one hundred fifty nine billion dollar bailout from the federal reserve they keep you know the crunch and they keep going to the discount window to finance more and more derivatives to put the economy at greater greater risk that's right and now guess who the daddy of all the derivatives holders are i got a feeling no no to the fact that he tomorrow yes yes yes max jamie's done it over j.p. morgan that's right is j.p. morgan who look at those giant pile that feeds you morgan chase man yeah those are nasty losing disgusting piles of the residence k.p. morgan chase has a derivative exposure of seventy point one five one trillion dollars seventy trillion is roughly the size of the entire world economy the one trillion dollar towers you see in this info graphics are double taxed at nine hundred thirty feet i want to call the empire state building is behind us well it's a lot of the river the biggest service position in the world so it's a bank by the way has another huge
committed they really order their transactions to create more overdraft fees wells fargo's well coby also got a secret one hundred fifty nine billion dollar bailout from the federal reserve they keep you know the crunch and they keep going to the discount window to finance more and more derivatives to put the economy at greater greater risk that's right and now guess who the daddy of all the derivatives holders are i got a feeling no no to the fact that he tomorrow yes yes yes max jamie's done...
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Apr 13, 2012
04/12
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CNBC
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. >>> jpmorgan and wells fargo is beasting estimates.ng with a weaker gdp out of china could mean headwinds. the day after the best two day advance for stocks in twot. google in the spotlight this morning after a mixed earnings report and effective two for one stock split that keeps the company firmly in control of r sergey brin. >> let's start off with jpmorgan. looks like a very strong quarter across the board for jpmorgan. there's a couple of, not complications, but things you need to keep in mind. >> one of them is reversal of loan loss provisions. we've seen this over a number of quarters. it's not real earnings. he didn't say that on the press call we had this morning. he did say about us, at least a year ago it's not real earnings. it helps when you can reverse loan loss reserves back in. it's a sign of improving credit and that was a theme again. those of us in the press had a chance to talk to jamie and doug. and credit is getting better. that was one of the key things that he mentioned in the call. the analysts call is ongoing
. >>> jpmorgan and wells fargo is beasting estimates.ng with a weaker gdp out of china could mean headwinds. the day after the best two day advance for stocks in twot. google in the spotlight this morning after a mixed earnings report and effective two for one stock split that keeps the company firmly in control of r sergey brin. >> let's start off with jpmorgan. looks like a very strong quarter across the board for jpmorgan. there's a couple of, not complications, but things you...
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Apr 27, 2012
04/12
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KPIX
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wells fargo. >> who has it better than the 40 niners? andrew lock for one ... >> the indianapolis colts select andrew luck. quarterback from stamford. >> with the colts pick him for the first pick in the draft. >> andrew, how did the reality match the dream? >> it was great. everything i ever thought it would be. i feel so fortunate to be in the situation and i cannot wait to start with the colts. >> meanwhile, baylor quarterback robert griffin the third headed to the washington redskins. they traded at three first-round picks and a second round pick to trade up to get this quarterback. griffin will be compared to each other for of their entire career. the 49ers have the 30th pick in the draft tonight if. where are we now anthony? here's a live update. we are at 18. a while to go. the team is hosting a draft party in santa clara. the fans would not let the coach off the stage. >> i'm going to go and watch the draft ... >> know! >> you guys are so enthusiastic ... who has a better than us? >> nobody. >> that guy cockpit he is the king. i
wells fargo. >> who has it better than the 40 niners? andrew lock for one ... >> the indianapolis colts select andrew luck. quarterback from stamford. >> with the colts pick him for the first pick in the draft. >> andrew, how did the reality match the dream? >> it was great. everything i ever thought it would be. i feel so fortunate to be in the situation and i cannot wait to start with the colts. >> meanwhile, baylor quarterback robert griffin the third...
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Apr 25, 2012
04/12
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KNTV
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the harrowing ordeal at the as well as fargo in downtown hayward. a man walk with a note and demanded money and told every ton drop to the ground, saying he was going to blow things up. police say the still unidentified suspect held the knife to the threat of a pregnant woman. after she told him she was pregnant and after further pleas from the crisis negotiator, the bank robber let the woman go and was taken into custody himself with not one person in the bank physically hurt. >>> hundreds of protesters marched down to wells fargo headquarters where a shareholder meeting was underway. 24 people were arrested for had trespassing, including the 14 who had to be escorted out of the meeting. many hold certificates to prove they own shares or were there serving as proxies for other shareholders. despite waiting for hours, many were not allowed inside to speak directly to bank execs. >> wells fargo has made some decisions about who they think should have a voice in their shareholder meeting and who they think shouldn't have a voice in their shareholder m
the harrowing ordeal at the as well as fargo in downtown hayward. a man walk with a note and demanded money and told every ton drop to the ground, saying he was going to blow things up. police say the still unidentified suspect held the knife to the threat of a pregnant woman. after she told him she was pregnant and after further pleas from the crisis negotiator, the bank robber let the woman go and was taken into custody himself with not one person in the bank physically hurt. >>>...
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Apr 25, 2012
04/12
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KTVU
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. >> occupiers targeted wells fargo protesting outside san francisco. david stevenson was there. david. >> reporter: the wells fargo share holders meeting lasted about an hour and we are told that the disruption inside matched the disruption in the street below. hundreds of protesters crowded the streets out side a meeting anxious to make their voices heard in the streets and the meeting room. many purchased shares just to gain access, others linked arms and lay on the sidewalk so disrupt thicks. >> we are here to make -- hope to get a little attention for what's happening to us. we really are outrage that the banks work they are doing to the economy, foreclosing on so many homes. . >> reporter: >> reporter: a bank spokesman said they have helped 740,000 norths with loans and are forgiven 4.1 billion in principal. the unfortunate reality is that some customers are in homes they can't afford even with substantially reduced payments. >> you can't stop me from going through. officer. >> reporter: protesters tried to keep workers away from the site as share holders struggled to get i
. >> occupiers targeted wells fargo protesting outside san francisco. david stevenson was there. david. >> reporter: the wells fargo share holders meeting lasted about an hour and we are told that the disruption inside matched the disruption in the street below. hundreds of protesters crowded the streets out side a meeting anxious to make their voices heard in the streets and the meeting room. many purchased shares just to gain access, others linked arms and lay on the sidewalk so...
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Apr 23, 2012
04/12
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WTTG
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wells fargo.ith you when you're ready to move. >>> france's president came up short of the lead in the first round of his re-election bid. analysts said it was a day with a surprisingly high voter turnout. run off election will be held may 6th. >>> here in the states, the question has turned towards the vice presidential possibilities. the official nominees won't happen for months. but that's not stopping pundits from wondering who will be romney's running mate. peter doocy has more. >> reporter: florida's senator mar co-rubio's name -- he says he's now done talking about it saying -- >> reporter: but at the end of the process, how much does a running mate really matter? >> the vice presidential nominee reinforces the themes the presidential candidate sets down of the the impact of the election by himself or herself is minimal. >> reporter: romney has to pick somebody, and another possibility said today if approached he'll run the other way. >> you remember what william f. buckley said when he ran
wells fargo.ith you when you're ready to move. >>> france's president came up short of the lead in the first round of his re-election bid. analysts said it was a day with a surprisingly high voter turnout. run off election will be held may 6th. >>> here in the states, the question has turned towards the vice presidential possibilities. the official nominees won't happen for months. but that's not stopping pundits from wondering who will be romney's running mate. peter doocy...
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Apr 25, 2012
04/12
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KPIX
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they want wells fargo, among other things, to halt foreclosures. but are we seeing a shift in tactics from the occupied movement? joe vasquez in san fransisco with more. >> for most of the day, hundreds of demonstrators took over the streetside including 14 of them that managed to get inside of the shareholders meeting today and loudly disrupted. they were promptly arrested as were 10 others outside. >> well cops blocked off streets, demonstrators blocked off entrances to the wells fargo bank building. anchoring many of the employees and shareholders that were trying to get to their annual meeting. >> i get to walk or ever want to!. >> if it were not formally you would not be here. >> the demonstration included a diverse range of community activist groups as well as union members and even a former supervisor that was a wells fargo shareholder himself. >> we're here to call attention to several of the practices that we disapprove of. that wells fargo and many other banks are taking part in. >> today the action coincides with action in albany that be
they want wells fargo, among other things, to halt foreclosures. but are we seeing a shift in tactics from the occupied movement? joe vasquez in san fransisco with more. >> for most of the day, hundreds of demonstrators took over the streetside including 14 of them that managed to get inside of the shareholders meeting today and loudly disrupted. they were promptly arrested as were 10 others outside. >> well cops blocked off streets, demonstrators blocked off entrances to the wells...
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there was a ruling in this one case but what it found was that it's representative that wells fargo was routinely misapplying payments on loans improperly charging fees refused to correct past errors even though they were already you know found to be doing the wrong thing does this show that banks this bank in particular is not only on board with institutionalized theft from their customers but also they just have no respect for the law period. i think with the look the courts found was this was not only slowly did incident that it was taking place in a socially pieces where the bank loans a reader into sort of foreclosure that it was to there being a change in each case that it was not in any way open across the were. they slapped the bank with a huge punitive damage award and that typically doesn't happen in american courts and we should do something really outrageous so the judge found that there was truly already just conduct here and when we come back i want to ask about punitive damage of that size is the kind of punishment that will stop this behavior or if we need something
there was a ruling in this one case but what it found was that it's representative that wells fargo was routinely misapplying payments on loans improperly charging fees refused to correct past errors even though they were already you know found to be doing the wrong thing does this show that banks this bank in particular is not only on board with institutionalized theft from their customers but also they just have no respect for the law period. i think with the look the courts found was this...
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Apr 24, 2012
04/12
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KTVU
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and will march on california street. >>> they issued a statement saying in part wells fargo respects the rights of all americans to peacefully assemble. it will be on focusing on the safety of our customers, team members and shareholders. >>> mitt romney is expected to sweep all five primaries, coming up at 6:15, the one state where newt gingrich says he has a chance of winning and what he says his campaign will do if he doesn't. >>> alameda county board of supervisors is talking about whether or not to accept that do lock -- nadia lockyer's resignation. today's meeting gets underway at 9:30 a.m. in oakland. >>> suspended sheriff ross mirkarimi said he is optimistic he will get to keep his job. the ethic's commission held a meeting on whether or not sheriff ross mirkarimi should continue at his job. he was charged with domestic violence involving his wife. they will recommend to the board of supervisors whether sheriff ross mirkarimi should stay or go and another public meeting is set for may 29thth. >>> well the san jose city council is set to vote on a band on tire a foam. that ban
and will march on california street. >>> they issued a statement saying in part wells fargo respects the rights of all americans to peacefully assemble. it will be on focusing on the safety of our customers, team members and shareholders. >>> mitt romney is expected to sweep all five primaries, coming up at 6:15, the one state where newt gingrich says he has a chance of winning and what he says his campaign will do if he doesn't. >>> alameda county board of...
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Apr 25, 2012
04/12
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CURRENT
tv
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what do you want wells fargo to do?take responsibility for the pain and damage they have caused to so many people across the country, including in my own community. the devastation not just from foreclosure, but also from their funding of detention centers that house undocumented workers, the abuses that have gone on in there, the rapes, people told to eat out of the trash cans denied medical attention, the list goes on and on and on and it's time for wells fargo to take responsibility for this damage. >> matt, let me turn to you, you are one of my favorite writers about corporate corruption and the lack of ethics in the board room. i have heard father smith's materials and who admissions jump out at me. reduce the principals on mortgages that are outstanding, and two, get dollars out of politics. is shareholder power and is using shareholder power the smart next step in the lever we can use? >> i think it has to be because the government can't doing the job. and they are not doing the job we need them to do. i think sh
what do you want wells fargo to do?take responsibility for the pain and damage they have caused to so many people across the country, including in my own community. the devastation not just from foreclosure, but also from their funding of detention centers that house undocumented workers, the abuses that have gone on in there, the rapes, people told to eat out of the trash cans denied medical attention, the list goes on and on and on and it's time for wells fargo to take responsibility for this...
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Apr 25, 2012
04/12
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KICU
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david stevenson, ktvu channel 2 news. >>> more details now on wells fargo and etc. role in the -- and its role in the financial crisis. two years ago the bank was fined for p pushing some customers to high prized sub prime loans. the bank paid 6 billion in taxes last year but no taxes in the three years prior. last year the bank earned $15.9 billion in profits. >>> alameda board of supervisors voted unanimously to accept the resignation of nadia lockyer. if they can't agree governor brown would name a replacement. >>> those two spills happened in december of that year releasing a total of 3 million- gallons of waste water around kenfield. the district will pay $800,000 in fines the rest of the money is to go toward improving infrastructure and improving wildlife habitat in the area. >>> a former bp engineer is the first person to face criminal charges in connection with that massive oil spill in the gulf of mexico. kurtmicks was charged with obstruction of justice today. prosecutors say he deleted hundreds of text messages discussing the failed efforts to control th
david stevenson, ktvu channel 2 news. >>> more details now on wells fargo and etc. role in the -- and its role in the financial crisis. two years ago the bank was fined for p pushing some customers to high prized sub prime loans. the bank paid 6 billion in taxes last year but no taxes in the three years prior. last year the bank earned $15.9 billion in profits. >>> alameda board of supervisors voted unanimously to accept the resignation of nadia lockyer. if they can't agree...
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Apr 24, 2012
04/12
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KGO
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she asked her sister who happens to be a wells fargo customer to take the statements into her branch. >> so we thought that is the end of it and i would never see them again. >> next month, she received more from the bank. and this time, she opened it hoping to find contact information but found something else. >> we have received her social security number, and her credit card and her pin number. >> determined she took all of the mail into a wells fargo branch herself. the manager promised to take care of it. but again... no luck. >> and to continue to repeat the error after talking to managers in different branches and different locations, i'm very angry. >> she decided to contact 7 on your side and we alerted wells fargo. >> and i'm proud to say i did get a response, immediately. and i'm excited about it wells fargo told us we appreciate the effort and are pleased it's been resolved. address is now corrected and yolanda shouldn't be getting anyone else's personal information any longer. >> i'm happy it was me norkts someone else that this poor money, her money would be gone. >> and
she asked her sister who happens to be a wells fargo customer to take the statements into her branch. >> so we thought that is the end of it and i would never see them again. >> next month, she received more from the bank. and this time, she opened it hoping to find contact information but found something else. >> we have received her social security number, and her credit card and her pin number. >> determined she took all of the mail into a wells fargo branch herself....
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Apr 18, 2012
04/12
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WBAL
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but it has to have been originated by wells fargo.nfortunately her loan was originated by a separate third party private mortgage company. it's still owned by them. so with this new program you don't qualify, unfortunately. and a lot of people are in her shoes. about 10% of wells fargo's loans are not theirs. they're owned by an outside third party. what you could do and this is what wells fargo has told me to tell you, and they're going to call you, is that you should stay in touch. frankly these rules could change. and the people that you talk to, the education, unfortunately, is kind of thin right now because the rules are changing, they're new. stay in touch, talk about maybe an alternative program. of course, this is a harder option, you could take, which is to pay down your debt so that you have some equity, so you can qualify for a traditional refi, which we know we need at least 20% equity. that's a harder thing to do, but stay in touch with wells fargo. >> thanks so much. now let's get one more call in from alicia, from mark
but it has to have been originated by wells fargo.nfortunately her loan was originated by a separate third party private mortgage company. it's still owned by them. so with this new program you don't qualify, unfortunately. and a lot of people are in her shoes. about 10% of wells fargo's loans are not theirs. they're owned by an outside third party. what you could do and this is what wells fargo has told me to tell you, and they're going to call you, is that you should stay in touch. frankly...
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Apr 25, 2012
04/12
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KGO
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they were upset about wells fargo's pursuit of home foreclosures.they also claim that the company does not pay its fair share of taxes. >>> asian stock markets rose this morning after earnings from apple and other u.s. companies blew way past expectations. apple defied expectations yet again. the computer giant reported quarterly profits of nearly $12 billion. that is nearly double from last year. iphone sales contributed most to that bottom line. good times at apple. >> absolutely. >> to say the least. >>> here's a story about how technology can come back to bite you. a texas college student ended up behind bars after using twitter to taunt police. 20-year-old mahogany mason-kelly had several outstanding traffic warrants and she was brazen enough to tweet this. i still got a warrant in pearland. those pigs will never catch me. never. guess what? police in suburban houston were not amused. >> some of the regular patrol officers found her twitter page and they found that tweet about apparently not being able to find her. it was kind of a little offen
they were upset about wells fargo's pursuit of home foreclosures.they also claim that the company does not pay its fair share of taxes. >>> asian stock markets rose this morning after earnings from apple and other u.s. companies blew way past expectations. apple defied expectations yet again. the computer giant reported quarterly profits of nearly $12 billion. that is nearly double from last year. iphone sales contributed most to that bottom line. good times at apple. >>...
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Apr 24, 2012
04/12
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MSNBCW
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wells fargo, the 2345igs's largest mortgage servicer.re demanding relief for the 11 million homeowners currently under water. our next guest has been on the front lines of this fight and just 24 hours ago was arrested for participating in a sit-in. joining us, george gail. how much does this spring rise that we're seeing in some of these shareholder meetings foretell of increasing engagement from sort of the occupation 2.0 or maybe even that's the wrong word to use, forget the occupation, just ideas of justice regardless of your group identity becoming more a present? >> i think this is the year we'll see takeoff. last time i was on your show, it was right after the jpmorgan shareholder meeting last year in columbus, ohio. and that was one of maybe four or five demonstrations at corporate shareholder meetings that spring. this year, there are demonstrations planned at 32 shareholder meetings across the country. more people will mobilize leading up to and at corporate shareholder meetings this spring than at any point in history. and i kn
wells fargo, the 2345igs's largest mortgage servicer.re demanding relief for the 11 million homeowners currently under water. our next guest has been on the front lines of this fight and just 24 hours ago was arrested for participating in a sit-in. joining us, george gail. how much does this spring rise that we're seeing in some of these shareholder meetings foretell of increasing engagement from sort of the occupation 2.0 or maybe even that's the wrong word to use, forget the occupation, just...
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Apr 25, 2012
04/12
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KRON
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wells fargo and that's all walks of life. i do not want to leave that legacy or be responsible for the legacy. >>charles: clifford, kron 4. >> catherine: with for more secrecy secret service agents. that total prince the nine. with prostitution that total brings the total to nine people. to employees have resigned. there have been to the employees that have resigned. there have been two employes that have resigned the first person arrested from the bp oil spill has been released. this happened in the gulf of mexico two years ago. in the days after the explosion in the immediate tragedy was clear. 11 men had been killed. but what was not clear is the extent of the oil spill that followed. with weeks and months. birds, fish and destroying coastal marshes and beaches. this impacted tourism and fissio kurt was being obstructed two different accounts. the amount of oil was far than what the company reported record for the next couple of months millions of oil spilled into the gulf of mexico. the following year there was legal noti
wells fargo and that's all walks of life. i do not want to leave that legacy or be responsible for the legacy. >>charles: clifford, kron 4. >> catherine: with for more secrecy secret service agents. that total prince the nine. with prostitution that total brings the total to nine people. to employees have resigned. there have been to the employees that have resigned. there have been two employes that have resigned the first person arrested from the bp oil spill has been released....
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Apr 25, 2012
04/12
by
KTVU
tv
eye 234
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david stevenson, ktvu channel 2 news. >>> more details now on wells fargo and etc.e in the -- and its role in the financial crisis. two years ago the bank was fined for p pushing some customers to high prized sub prime loans. the bank paid 6 billion in taxes last year but no taxes in the three years prior. last year the bank earned $15.9 billion in profits. >>> alameda board of supervisors voted unanimously to accept the resignation of nadia lockyer. if they can't agree governor brown would name a replacement. >>> those two spills happened in december of that year releasing a total of 3 million- gallons of waste water around kenfield. the district will pay $800,000 in fines the rest of the money is to go toward improving infrastructure and improving wildlife habitat in the area. >>> a former bp engineer is the first person to face criminal charges in connection with that massive oil spill in the gulf of mexico. kurtmicks was charged with obstruction of justice today. prosecutors say he deleted hundreds of text messages discussing the failed efforts to control the sp
david stevenson, ktvu channel 2 news. >>> more details now on wells fargo and etc.e in the -- and its role in the financial crisis. two years ago the bank was fined for p pushing some customers to high prized sub prime loans. the bank paid 6 billion in taxes last year but no taxes in the three years prior. last year the bank earned $15.9 billion in profits. >>> alameda board of supervisors voted unanimously to accept the resignation of nadia lockyer. if they can't agree...
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Apr 25, 2012
04/12
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KTVU
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hundreds of protesters showed up and tried to disrupt the wells fargo share holders meeting. we have live team coverage starting with david stevenson on the ground there in san francisco. >> reporter: take a look. you can see the police barricades that were left behind. by the time the protest wrapped up 24 people had been arrested many of them for trespassing, the street had been blocked the share holders meeting had been disrupted. hundreds of people marched through san francisco's financial district this morning, aiming to occupy the share holders meeting. >> robo signing and people are losing their homes and it's ruining the economy. while they are making out with the largest first quarter profit that they just announced. >> reporter: protesters plan to use stock certificates to gain access to the meeting speak out on economic injustices. >> we were told that they were -- letting their share holders in to the meeting and then what they did was send us to an empty building. >> reporter: many never made it in. 14 were escorted. each person who stood up was escorted out of t
hundreds of protesters showed up and tried to disrupt the wells fargo share holders meeting. we have live team coverage starting with david stevenson on the ground there in san francisco. >> reporter: take a look. you can see the police barricades that were left behind. by the time the protest wrapped up 24 people had been arrested many of them for trespassing, the street had been blocked the share holders meeting had been disrupted. hundreds of people marched through san francisco's...