CITY OF SANTA MONICA TAKES 1 BILLION DOLLARS AWAY FROM WELLS FARGO AFTER STANDING ROCK PROTESTS

 FILE THIS UNDER PROTEST WORKS
ESPECIALLY IN PROGRESSIVE CITIES
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In a show of support to activists protesting the Dakota Access Pipeline, the Santa Monica City Council moved forward with plans to end the City’s banking relationship with Wells Fargo bank.

The City currently has $1 billion in annual transactions with the bank, including deposits and payments, according to spokeswoman Constance Farrell. Santa Monica’s investment portfolio includes $4.6 million in Wells Fargo bonds.

During a midnight discussion and a lengthy public comment period, Mayor Ted Winterer reminded supporters of the divestment that applause is forbidden at City Council meetings, so when five out of seven members voted to move forward with the motion a wave of jazz hands shot up into the air – a vigorous sign of approval from attendees who pushed for the motion into the early morning hours.

Read More:

http://smdp.com/in-solidarity-with-standing-rock-city-moves-forward-to-cut-ties-with-wells-fargo/159811

At the beginning of the month, the city of Seattle also voted to divest from Wells Fargo Bank. Seattle decided to take 3 billion dollars worth of business elsewhere.

Read More:

http://fossilfreeca.org/2017/02/09/seattle-divests-3-billion-wells-fargo-over-dapl-financing/

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When we were just little kids, pre-teen, learning to cuss, we used to say "Money talks and bullsh** walks."  Never has a statement been more appropriate.