This news blog is an educational exercise involving students at the University of Minnesota. It is not intended to be a source of news.

Macalester students protest Wells Fargo ties

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A group of Macalester students refused to leave administrative offices Tuesday after the college decided not to cut ties with Wells Fargo bank, Twin Cities Daily Planet said.

The group initially consisted of 15 students who entered Macalester President Brian Rosenberg's office, the Pioneer Press said. The crowd increased to 35 students by the evening, the Pioneer Press said.

Students told the Pioneer Press that Wells Fargo was the biggest forecloser in Minnesota. The Kick Wall Street Off Campus movement at Macalester accuses Wells Fargo of refusing to help homeowners, during the mortgage crisis, who are in foreclosure on their mortgages, the Twin Cities Daily planet said.

Students believe that community banks would be able to handle the relationship that the school currently has with Wells Fargo, and the switch would help the community, the Pioneer Press said.

"Kick Wall Street Off Campus," a student group on campus, also organized a rally outside a building on campus, which 80 to 90 students showed up in support of the cause, the Pioneer Press said.

The student group is associated with Occupy Homes MN, a group that fights foreclosures by large banks, such as Wells Fargo, the Pioneer Press said.

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This page contains a single entry by leret004 published on April 23, 2013 10:29 PM.

Possible poisoned letter sent to senator was the previous entry in this blog.

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