this event today would not have been possible without the support of wells fargo bank. wells fargo has shown a commitment not only to the national aids memorial grove and many other h.i.v. and non-profits, but also to the community as a whole. wells fargo bank, year in and year out, is a leader in philanthropic agencies and individuals in need. help me in welcoming to the stage, martin. [applause] >> thank you, john. good morning. i am with wells fargo community bank, and i am very pleased to be with you here today. on behalf of our team members in the san francisco bay area, wells fargo is proud for the eighth consecutive year to be the lead sponsor for this world aids day effort. our lives are not measured by the number of years or days we exist, but by what we accomplish while we live. and the good we make render. these words, spoken in 1875 by one of our company founders, -- co-founders, henry wells, are as pertinent today as they were there. as wells fargo we believe it is our responsibility to promote the long-term economic viability of our communities and enhance

they want to pull it from the downtown wells fargo bank. he says he is authoring the proposal in response to the bank's role in the housing crisis that sent the economy spiraling. >> i feel this is one way in which we can make a statement and push for changes to promote the better banking practices and more equity in the society. >> but wells fargo says over the past three years wells fargo has donated more than $3 million to 89 non-profits in berkeley, and less than 2% of homeowner occupied loans in our servicing port folio have proceeded to foreclosure sale. the council wants to put its money in community banks or credit unions, but they need to know if they can handle a city the size of berkeley. >> it is possible for community banks to handle the business of the city of berkeley. >> the senior vice president points out that not all of them can offer the payment collections, the revenue sharing and the sophisticated money transfers. >> they have to be collateral liesed for the bank. we have to hold collateral. the insurance is not enough

they want to pull it from the downtown wells fargo bank. he says he is authoring the proposal in response to the bank's role in the housing crisis that sent the economy spiraling. >> i feel this is one way in which we can make a statement and push for changes to promote the better banking practices and more equity in the society. >> but wells fargo says over the past three years wells fargo has donated more than $3 million to 89 non-profits in berkeley, and less than 2% of homeowner occupied loans in our servicing port folio have proceeded to foreclosure sale. the council wants to put its money in community banks or credit unions, but they need to know if they can handle a city the size of berkeley. >> it is possible for community banks to handle the business of the city of berkeley. >> the senior vice president points out that not all of them can offer the payment collections, the revenue sharing and the sophisticated money transfers. >> they have to be collateral liesed for the bank. we have to hold collateral. the fdic insurance is not e

depending on whether you feel your credit situation is where you want to go to a bank like wells fargo or another regulated bank, and line of credit, or work for a working- capital type of loan, which is something you look to do, the opportunity fund. you probably want to try both avenues. as far as your credit scores, everyone realizes, everyone here has a credit score. the first thing any lender will look at is your credit score. after looking at that, they all do not do the same thing with it. an opportunity fund will look at your story in addition to your score. some are limited to your score, that if it is above or below a certain threshold, and they are may not work with you. not every one of the lenders is going to see your situation the same, so you should be shopping. >> [inaudible] >> you can do contract financing. that exists. but a line of credit is probably what you're looking for. >> thank you, marc. i have a question from the audience about a burgeoning market. any avenues for san francisco medical cannabis dispensaries? open to the panel. >> in terms of financing? i can

we mentioned currently that the cash management services contract is actually going be bank of america, wells fargo, union bank. is there more than one bank? do we expect to have a greater pool of respondents? >> we're certainly hopeful that we will see a much broader pool of respondents. we are still crafting the r fp. for example, some of the things we are looking at are actually allowing financial institutions to not have the bid on all of the various types of services we require, but maybe they can bid on one or another if they have specialty or capabilities in one area as opposed to all the areas. our goal is to allow for a a a broad variety and a broad number of financial and institutions to be able to respond and ultimately to give the city more flexibility and hopefully more options to choose from and evaluate as we are thinking about where we're going to contract to receive these services. to answer your question, our hope is that we will receive a broader list of things and we are currently working with. supervisor avalos: are you giving any special focus for local banks at all? we're loo

we are stepping up and announcing today, with the help of wells fargo bank, joining us with our money to do a public- private relationship, continuing a very successful effort of working solutions to lead this effort. we are announcing it today at a very successful business, brenda's, introducing to the board and $1.5 million revolving loan program as the first part of our way to the $5 million. i know it is good news, but something we have to do. we need to replenish this program. the city will put up $1 million. the other $430,000 will come from wells fargo, with their target to be the southeast corridor, a san bruno, our mission, third street corridor, and the likes. they have always been very strong in helping out distressed areas. those are distressed areas. they have historically been. i want to personally thank wells fargo for putting up this money and joining us in this effort to focus on our small businesses. it has been part of their tradition to help out. they have always done so, but they have taken the opportunity to join us. when brenda located herself here back in 2005

. >>> it's ash wednesday and the ash was spread to wells fargo bank. nearly 50 clergy members gathered outside the headquarters in san francisco to protest what they call rampant forclosure abuse. the group sprinkled ashes in front of the bank, symbolizing for the bank to repent. it comes after last week's release of a report that found 84% of foreclosures in san francisco homes violated at least one state foreclosure law. protesters called for a freeze on foreclosures and did their best to urge people to move their money out of wells fargo accounts. >> we are also launching a campaign and we invite communities in san francisco to move their money to institutions that honor our values. wells fargo spokesmen says the bank has foreclosed on less than 2% of homeowners. >> one day after marie colvin was reporting on the killing of a 2-year-old syrian boy -- she was a victim. they were among a group of reporters who snuck into the country to report. 56-year-old colvin was from new york and had been a correspondent for britain's sunday times for more than 25

if approved, wells fargo, bank of america ally and jp morgan chase would reduce the loans to a million borrowers. >>> and in a central valley plane crash, it happened on sunday and the 52-year-old pilot died on impact. now the pilot stole the plane from concord's airport. the owner is actually a walnut creek insurance agent. he said his plane was missing on saturday but he didn't know what happened until the faa called him on sunday following the crash. a man suspected of killing a santa rosa woman after he killed somebody in stockton. he is the man suspected of killing marie brooks in her home saturday morning. it happened on interstate 5 and pulled him over. she got out of the car and told officers to shoot him. ellis ran into traffic and police have not identified the victim. >>> and 30-year-old brandon mcdaniel was a wrapper who performed under the name sutter boy. he was shot to death on saturday on 105th avenue near 9th street in east oakland. no arrests have been made. >>> a warping and they are telling their students to be on high alert. the three things students are being urge

wells fargo, bank of america, j.p. morgan chase, and allied bank have agreed to the settlement in response to a nationwide investigation. this is just a first step, a little down payment for the havoc caused by the behavior of the banks. >> it is the largest agreement of its kind in maryland history. the biggest part of the money, more than $800 billion of a, will go towards homeowner programs and the rest will be split between helping distressed homeowners and various state housing initiatives. after spending $15,000, kevin's foreclosure was overturned but it is still in litigation. he is happy the settlement will help others avoid the hardship he has endured. >> i hope i am the last this happens to. >> if you think he may be a victim and like to file a claim, you can call the state attorney general's office. shelton dutes, wbal-tv 11 news. >> good news from b g e could be more pockets in the money -- more money in the pockets of ratepayers. bge said falling prices for natural gas and electricity are also helping keep

statement and push for changes to promote better banking practices. >> bank released this statement: over the past three years, wells fargoas donated more than three million dollars to 89 non-profits in berkeley. the city council wants to put the city's money in community banks or credit unions. it needs to know if they can handle assets from the city. >>> guilty plea in terror plot to strike at heart of london. the target that could have dealt a financial blow around the world. >>> a california teacher accused ever blind folding children and other acts of bondage. police think there maybe more victims. >> reporter: mitt romney picks up a decisive win in florida. where the campaign heads, next. >>> cal -- caltrans marks another milestone at devil's slide. >>> hollywood! less than a month away from oscar sunday. we wanted to remind you about -- [ unintelligible ] you eec3q i can't stand these spots. those spots are actually leftover food and detergent residue that can redeposit on your dishware during the rinse cycle. gross. jet-dry rinse agent helps wash them away so the only thing left behind is the shine. jet-dry rinses

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wells fargo, bank of america, allied, and citibank and jpmorgan chase would reduce the amount borrowers owed. >>> voters in colorado and minnesota are holding caucuses while missouri has the non- binding primary today. frontrunner mitt romney held a rally in loveland, colorado taking aim at president obama. romney criticized the president for cutting the defense benefit. >>> rick santorum is in colorado springs hoping his weeks of criticism of romney will catapult him to victory, and polls show that santorum leads in minnesota. >>> newt gingrich is campaigning in ohio saying heed not expect to win in colorado and win win and heed not qualify on time to be on the ballot in missouri. the chronicle reports that gingrich will be in the bay area later this month. the former house speaker will reportedly be speaking at the california gop convention held in burlingame february 24 through the 26th. >>> the u.s. senate has passed a more long-term funding bill for the federal aviation administration. since 2007, there have been 23 stop-gap faa funding measures. the $63.4 billion bill funds the fa

. >> wells fargo. bankf america. >> reporter: founder and ceo of naca welcomes every customer by relaying the lending institution which carries their loan. sean slept at the cow palace overnight so he would be among the first served this morning. >> i owe $500,000 on a house that is worse $58,000. >> reporter: naca holds lending company executives responsible for their actions and it has legally binding agreements with major lenders to make special deals with aca clients. >> it is based on what you can afford. the lender will reduce the rate to as low as 2% now we are going reductions of tens of thousands, sometimes over $100,000. >> reporter: mr. barnett updated us after presenting his documentation. the final step before taken the written offer to the loan company representatives. >> i have to talk to a counselor again. it is going quickly. >> reporter: mark says it is an opportunity where people have nothing to lose except for a little time. the entire event is free to the public. speaking of time, we've

it would involve wells fargo, bank of america, citi and jp morgan chase. some of it would go to foreclosure prevention measures. other provisions could lower interest rates for home owners. some may get payouts of up to $2,000. pierre thomas, abc news, washington. >>> and details are being worked out right now. it could push the announcement back to tomorrow. the deal would be the biggest involving a single industry since the 1998 tobacco deal. >>> welcome news for air travele travelers. going through the security process will soon take a lot less time. it will only affect certain passengers. >> for years, travelers have faced airport security lines. >> i hate taking off my shoes, my belt. pretty soon i'll be stripped naked. >> reporter: the tsa has unveiled a new program. >> this is our risk-based approach to security. programs that not only help us make sure the aviation environment remains safe but also makes travel more pleasant. >> reporter: from boston and new york, miami and atlanta, chicago and denver, seattle, san francisco, in most major airports

there is a starbucks, a wells fargo bank parking lot but is open. i have been dealing with this for 12 years. i am going to give you a couple of things. we have 30 employees. 15 our security. our patrons park close to an a block away. going back to finding out if there are incidents, you can check with the sfpd. we have been sued for having confrontations' because our security is trying to keep the neighborhood quiet because we have a condo on all four sides. they are coming across the bay. they cruised into the lot. they wait until our patrons finely go to the parking lot, and and they end up parking themselves there and start making noise. we have to send security to try to mitigate the problem and keep the noise and down a period of police and everyone puts pressure on us in that situation. sometimes if there are no altercations and we find out our customers' cars got broken into and they are crying and screaming that they lost their credit cards and purses and all about. there is an attendant in the beginning, and at 12:00 they take up and split

. >> wells fargo. bankf america. >> reporter: founder and ceo of naca welcomes every customer by relaying the lending institution which carries their loan. sean slept at the cow palace overnight so he would be among the first served this morning. >> i owe $500,000 on a house that is worse $58,000. >> reporter: naca holds lending company executives responsible for their actions and it has legally binding agreements with major lenders to make special deals with aca clients. >> it is based on what you can afford. the lender will reduce the rate to as low as 2% now we are going reductions of tens of thousands, sometimes over $100,000. >> reporter: mr. barnett updated us after presenting his documentation. the final step before taken the written offer to the loan company representatives. >> i have to talk to a counselor again. it is going quickly. >> reporter: mark says it is an opportunity where people have nothing to lose except for a little time. the entire event is free to the public. speaking of time, we've

now is that there be some public input on these rfp's then there is verification by the bank of america, by wells fargo, and by union bank that what they're saying israel. and is accurate. i would love to have public input. some verification that the banks are doing what they say they're doing. supervisor kim: thank you. nicks speaker, please. >> good afternoon. my name is gary brown and i am a long-term residents. i am one of the residents that went into foreclosure. i would like to see the city system in contracts -- sustain contracts with banks -- bank of america bought out countrywide. i would like to see this city look over the contract before they signed to make sure that all the finance institutions are willing to fit the criteria there that will help the people, homeowners, small business people. and before there would give bankamerica one, i would like to see them make sure they consider or offers. thank you. >> last week the city council voted to find a more socially minded institution to hold over $300 million in city assets. the council members said they hoped the decision would send a mess

oklahoma signed the 26 billion dollar settlement with the nation 5 largest lenders including wells fargo, bank of america and chase. california will get a hefty 18 billion dollars. among bay area county alameda will receive the most 7 57 million followed by contra costa county. we have some important link and contact information for all the loan services on our web sit at 7 news.com. find that under see it on tv. >> bart board of director took a major step toward extending service to livermore. the vote starts environmental review process. first step 5 mile project could cost between 800 million to 1.2 bill i don't know dollars to build. now that breaks down to about 3700 dollars per inch. >> there is a new government warning about a popular baby chair. it's the same seat we are told about 5 years ago. what parents say tonight about the chair. >> secret fbi file on a el co-founder steve jobs. what they were lacking for and what they found out. >> and inside the comfy new office at facebook menlo park headquarters. >> all that coming later on "nightline". >> coming up next on "nightline". his r

oklahoma signed the 26 billion dollar settlement with the nation 5 largest lenders including wells fargo, bank of america and chase. california will get a hefty 18 billion dollars. among bay area county alameda will receive the most 7 57 million followed by contra costa county. we have some important link and contact information for all the loan services on our web sit at 7 news.com. find that under see it on tv. >> bart board of director took a major step toward extending service to livermore. the vote starts environmental review process. first step 5 mile project could cost between 800 million to 1.2 bill i don't know dollars to build. now that breaks down to about 3700 dollars per inch. >> there is a new government warning about a popular baby chair. it's the same seat we are told about 5 years ago. what parents say tonight about the chair. >> secret fbi file on a el co-founder steve jobs. what they were lacking for and what they found out. >> and inside the comfy new office at facebook menlo park headquarters. >> all that coming later on "nightline". >> coming up next on "nightline". his r

now in a in in terms of these banks that bank well then these are investors so wells fargo happens to be one of the chief investors in the g.o.p. so both partners is basically you know indirectly making money off of you know the geo group making money off of you know how being prisoners in the u.s. and the g.o.p. possible replant five million shares and while the wells fargo has about three point five million shares in the g.e. a group you can imagine you know they're they are very invested in this idea of incarcerating immigrants and prisoners and whatever that may be seems like it's no accident that this does have the largest prison population in the world here in the u.s. when you think about it i think one statistic i read it costs forty thousand dollars to incarcerate somebody for a year that's more than college tuition and a whole lot more than a lot of american families make ronnie pollack and a pen journalist joining us from fairfax virginia. thanks for having me well today is presidents' day and of course were thick into campaign season with the four remaining g.o.p. candidat

three days ago the veteran was a civilian when he saw a robbery going down at a wells fargo bank in southan jose. that's when his instinct kicked in and he followed the robbers getting their license plate number so he could forward it to police. two hours later police arrested the three suspects. >> my initial thought was i wanted to do something, i wish i had this, i wish i had that. given the situation i was in i had nothing better to do but than to be a good witness. >> he left the police department for the palo alto department last summer because he was worried he would be laid off. when he learned he could come back to san jose, their department, he jumped at the chance. >> all right. it's time to check the forecast now with meteorologist christina loren. how are we looking? >> we're looking good. the friday before a three-day weekend for many of you. good morning. temperatures are running cold so make sure you grab your jacket. something you can peel off as this will be the warmest day of the week. it's nice and clear throughout so far this morning. we are expecting a little fog to

. >> reporter: then something happened right here just two days ago at this wells fargo bank that would change everything. on the way to the gym, he saw an armed robbery taking place. >> i backed into a parking space and as i started to dial, i basically noticed three subjects run into the bank. >> reporter: he had not yet been sworn back into san jose. he was literally between jobs with no badge and no gun. >> three guys ran out of the bank and started running to the parking lot so i pretty much just followed them parallel to them as they were running watching where they were going. >> reporter: nasser didn't confront them just kept them in his sights and gathered information. >> i got the plate and then the driver's window was down which gave me a good look at his face. >> officer nasser did an excellent job. he experienced firsthand the pain and the uncertainty of receiving a pink slip he didn't know whether or not he was going to have a job. >> reporter: today, michael rejoined the san jose police force. >> it was our loss temporarily. we're glad that he's coming back. but we invest

you have to have a loan with wells fargo, bank of america, citibank, jpmorgan chase, a allied financial, they have on own your loan and not have sold it to somebody else. if you've already lost your home all you're going to get is about $6,000. 60% of the loans are fannie mae or freddie mac. only 20% of the loans are covered by the settlement. >> i remember when the crisis began, there was discussion what to do. people felt like, people who could never have afforded this in the first place, who shouldn't have had a mortgage, who were using it as an atm, they shouldn't get benefit from bailout or any help. in this case are those foem folks going to be helped by this? what's the criteria, who's going to decide whether or not you're eligible? >> you have to be underwater on your mortgage, you have to have your loan from one of these five banks, and theoretically you should have access to this pot of money. $12 billion is for reworks on loans here in the state of california. it should help hundreds of thousands of people. and then there's hundreds of thousands more who are just going to get

promote better banking practices and more equity in our society. >> the bank released this statement: over the past three years wells fargo89 non-profits in berkeley. the city council wants to put the city's money in community banks or credit unions. it needs to know if they can handle assets from a city the size of berkeley. >>> mike nicco checking out our wet commute. >> you can see on the golden gate bridge even though the radar returns aren't as robust as they were earlier we have a moist atmosphere and drizzle until 9:00 this morning. good morning. let's take a look at live doppler, bulk of the radar returns moving south with the boundary creating this moist morning. a couple of hundredths is about all we are going to get but enough to make things slick this morning. we'll talk to frances dinglasan in a minute. around the monterey bay and inland temperatures in the mid to upper 40s with cloudy conditions and drizzle. by the afternoon, partly cloudy and we'll see this trend continue as we need tomorrow even more sunshine before that it will be cooler tonight with patchy fog and warmer than average weekend afternoons i