Wells Fargo costs Minneapolis Public Schools $28 million
  • Petitioned Alberto Monserrate

This petition was delivered to:

Minneapolis School Board member
Alberto Monserrate
Minneapolis School Board member
Jenny Arenson
Minneapolis School Board member
Rebecca Gagnon
Minneapolis School Board member
Lydia Lee
Minneapolis School Board member
Richard Mammen
Minneapolis School Board member
Hussein Samatar
Minneapolis School Board President
Jill Davis
Minneapolis School Board Treasurer
Carla Bates

Wells Fargo costs Minneapolis Public Schools $28 million

    1. Petition by

      Steve Fletcher

      Minneapolis, MN

The foreclosure crisis has drained $150 million from the Minneapolis Public Schools. Wells Fargo bank is responsible for nearly 20% of this ($28 million) as well as making a disproportionate number of equity-stripping subprime loans to people of color in Minneapolis. The negative impact of these actions is now evident to people not just in here in Minneapolis and not just in education but in all aspects of our lives across the entire country. We think that, therefore, it is just and fair to ask the Minneapolis Public Schools move their checking account ($20 million per month for payroll) from Wells Fargo into a responsible community bank.

Recent signatures

    News

    1. We're presenting your petitions signature tomorrow

      Steve Fletcher
      Petition Organizer

      Friends -

      Last month, Neighborhoods Organizing for Change (NOC) made a presentation to the Minneapolis Public Schools asking them to move their money from Wells Fargo to a community bank that invests in our neighborhoods, instead of foreclosing on our homes.

      Although we got a supportive response, we knew we needed to keep up the pressure to make sure they actually follow through. That's why we invited you to show your support through out petition on change.org. Thanks to you and over 11,000 others who responded to our call, we now have a tangible way to show the school board that the community is standing with us in our fight for economic justice.

      Tomorrow evening at 5:30, we're presenting your petition signatures at the board meeting. You can help make that presentation stronger by taking a moment to share this petition with a friend or two (or twenty!) and asking them to add their names right now by going to our website.

      Thanks,
      Steve Fletcher
      NOC Executive Director

    2. Reached 10,000 signatures

    Supporters

    Reasons for signing

    • TJ Mersino GRANTS PASS, OR
      • almost 3 years ago

      How dumb do you have to be to millions of dollars in the hands of thieves? Think People!! Isn't that what teachers used to say in school?

      Oh yeah, thinking is no longer allowed in school. Obviously this rule extends to the adults who run schools now as well.

      REPORT THIS COMMENT:
    • James Shelton RAVEN, VA
      • almost 3 years ago

      They need to quit trying to be greedy people and start being charity people.

      REPORT THIS COMMENT:
    • Leslie Chaffin MULVANE, KS
      • almost 3 years ago

      Sounds reasonable to me. Bet there are local banks that would welcome them who did not participate in the subprime lending and can manage this size of an account.

      REPORT THIS COMMENT:
    • Thomas Gage WARREN, NJ
      • almost 3 years ago

      Wells Fargo’s fraudulent actions are well documented in many State Courts, federal Courts and U.S. Attorney General Offices' files and still nobody is stopping this bank to further victimize other people. It is a fact that for years Wells Fargo has used the so called robo-signers in fraudulent practices of foreclosure. My family and I among the many victims of Wells Fargo Bank's fraudulent practices as, on August 8, 2011, our home was stolen from us by an act of “Fraud” by Wells Fargo Bank. Please, Go to: ( www.change.org/petitions/corrupt-township-officers-of-warren-nj-eviction ) and help vote to investigate Wells Fargo’s fraudulent actions.

      REPORT THIS COMMENT:
    • Anne Absalom GERMANTOWN, MD
      • almost 3 years ago

      Public Institutions should not support banks which don't support them and the communities they serve.

      REPORT THIS COMMENT:

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