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Wednesday, November 9, 2011

Occupy Oakland and Wells Fargo -- BFFs

Posted By on Wed, Nov 9, 2011 at 4:35 PM

You could drive this stagecoach through the gap in Occupy Oakland's logic
  • You could drive this stagecoach through the gap in Occupy Oakland's logic

In a bizarre twist of events, the Occupy Oakland movement -- which has made national news in confronting big banks downtown -- voted to deposit a generous $20,000 donation it received at, of all places, Wells Fargo. 

Had occupiers made that deposit last week, they would have been shutting down their own bank when they blocked entrances during last Wednesday's general strike.

Don't think this has gone unnoticed by 100 percent of the 99 percent. As the Examiner pointed out earlier today, the Twittersphere was buzzing with pissed-off people who felt somewhat betrayed by the group of squatters.

"ARE YOU F------ SERIOUS?!," @graceface astutely noted.

"I can see the ad now: 'People's money is so safe here at Wells Fargo,

even our sworn enemies use us for their banking needs!'" wrote


Occupy Oakland sent out a release today defending its decision, which was voted on during the group's Tuesday night meeting.

According to the group, Occupy Oakland is in the process of opening an unincoporated association in its name in California.

"The money is temporarily being placed into the Wells Fargo trust fund of lawyer Timothy Fong. It will stay there for less than two weeks while Occupy Oakland establishes a new, unincorporated account with wither a credit union or a community bank. Timothy Fong is in the process of transferring his entire account into a credit union, and he -- as well as Occupy Oakland as a whole -- urges other people to leave the multinational banks as well."

Basically, we should do as they say, not as they do.

Follow us on Twitter at @TheSnitchSF and @SFWeekly

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About The Author

Erin Sherbert

Erin Sherbert

Erin Sherbert was the Online News Editor for SF Weekly from 2010 to 2015. She's a Texas native and has a closet full of cowboy boots to prove it.


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