Divesting from Wells Fargo

Fellow active Adventists,

After months of clergy organizing through sfop(.org), two days ago something powerful and beautiful happened in downtown SF:

• http://abclocal.go.com/kgo/story?section=news%2Flocal%2Fsan_francisco&id=8553886&rss=rss-kgo-article-8553886
• http://sanfrancisco.cbslocal.com/2012/02/22/clergy-members-ask-wells-fargo-to-repent-during-sf-foreclosure-protest/#comments
• http://www.bizjournals.com/sanfrancisco/blog/2012/02/wells-fargo-foreclosures-clergy-protest.html?s=image_gallery
• http://www.mercurynews.com/breaking-news/ci_20019502
• http://www.sfgate.com/cgi-bin/article.cgi?f=%2Fbaycitynews%2Froundup.DTL&ao=all

After a multi-billion dollar taxpayer bailout, Wells Fargo continues to divest from the community–refusing to help families stay in their homes through mortgage principal reductions, supporting for-profit immigrant detention centers, and largely funding the payday loan industry. For this reason, we at SFOP are compiling a list of SF congregations and non-profits who are deciding to move their money out of SF-based Wells Fargo. Wells Fargo has divested from us, now we’re divesting from Wells Fargo.

Feliz Sabado,

Geoffrey Nelson-Blake