Insight News. May 24, 2011
"At the Minneapolis Club, 200 people called on Wells Fargo CEO Jon R. Campbell, a member of the club’s Board of Governors and the Chair of the Board of Directors of the Chamber of Commerce, to pay his fair share. Wells Fargo received a taxpayer bailout, made $12 billion in profits in 2009 and 2010, then laid of more than 300 Twin Cities-area workers this spring.
“Wells Fargo received a bailout, got a huge tax refund, and then turned around and killed jobs for the very same people who made that money possible. Now, they tell us the state is broke and we need to fire teachers, cops and healthcare workers? CEO's and executives like those at Wells Fargo need to do their fair share like the rest of us,” said Kerry Felder, a North Minneapolis education activist and organizer with Neighbors Organizing for Change, whose neighborhood has been hard hit by foreclosures."