It seems that Occupy Oakland has opened a account at Wells Fargo and deposited twenty thousand dollars. So with the Occupy movement has been has been telling the public to withdraw their money from the banks has opened a account in a bank that has been labeled as part of the one percent.
The general assembly voted 162-8 to place the money with San Francisco-based Wells Fargo. The assembly minutes indicate that placement with Wells Fargo, which the group has referred to as a “bankster,” might be only temporary.
Occupy Oakland intends to eventually place the funds with a credit union. The money, the minutes indicate, was donated by Occupy Wall Street, a protest effort that sprouted in Lower Manhattan.
The cash is to be used to assist in helping individuals who might have been jailed in connection with Occupy Oakland actions, the minutes of the general assembly stated.
Also consider that a branch of Wells Fargo was damaged during the recent Occupy protests.
“I understand that people aren’t comfortable with that, but this is a time-sensitive issue,” one of the leaders of the general assembly stated, according to the minutes.
Occupy Oakland has pilloried Chase Bank, Citibank, Bank of America, Wells Fargo Bank and other major American financial companies for triggering some of the nation’s economic ailments.
“It takes time to transfer funds to a credit union,” one of the general assembly members stated, according to the minutes posted on the website. “We need to help people in jail now.”
So once again the Occupy movement gets hit in the face by reality. Thanks to UpNorth for the link.
