Wells Fargo - Revision history

Florez4747: /* GEO Group and CoreCivic */

2023-06-17T05:54:16Z

GEO Group and CoreCivic

← Older revision		Revision as of 05:54, 17 June 2023
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	Wells Fargo has donated money to the Seattle Police Foundation, a private-public institution funneling money into the Seattle police department. <Ref>https://readsludge.com/2020/06/19/corporate-backers-of-the-blue-how-corporations-bankroll-u-s-police-foundations/</Ref>		Wells Fargo has donated money to the Seattle Police Foundation, a private-public institution funneling money into the Seattle police department. <Ref>https://readsludge.com/2020/06/19/corporate-backers-of-the-blue-how-corporations-bankroll-u-s-police-foundations/</Ref>
	=== GEO Group and CoreCivic ===		=== GEO Group and CoreCivic ===
	GEO Group and CoreCivic (previously Corrections Corporation of America) are the two largest private prison operators in the so called United States. They are both structured as Real Estate Investment Trusts, <blockquote>which allows them to pay very low taxes – GEO paid only $1.5 million in Federal taxes in 2015 – while giving 90% of their taxable income to shareholders. As a result of this structure these companies have limited cash reserves and rely wholly on these banks to extend credit to keep their operations going. Simply put, if the banks rescinded their credit agreements these companies would struggle to continue being operational.~~</blockquote>~~ <Ref>https://news.littlesis.org/2018/06/21/who-is-profiting-from-incarcerating-immigrant-families/</Ref>		GEO Group and CoreCivic (previously Corrections Corporation of America) are the two largest private prison operators in the so called United States. They are both structured as Real Estate Investment Trusts, <blockquote>which allows them to pay very low taxes – GEO paid only $1.5 million in Federal taxes in 2015 – while giving 90% of their taxable income to shareholders. As a result of this structure these companies have limited cash reserves and rely wholly on these banks to extend credit to keep their operations going. Simply put, if the banks rescinded their credit agreements these companies would struggle to continue being operational.<Ref>https://news.littlesis.org/2018/06/21/who-is-profiting-from-incarcerating-immigrant-families/</Ref></blockquote>
	GEO and CoreCivic depend upon revolving credit arrangements with a syndicate of banks including Wells Fargo. CoreCivic received 444 million dollars in loans through their revolving credit as of 2016- the largest contributors being SunTrust, Bank of America, Wells Fargo, and JPMorgan Chase. GEO Group recieved 450 million from BNP Parlbas, Bank of America, Barclays, JPmorgan Chase, SunTrust and Wells Fargo through 2016.<Ref>https://www.inthepublicinterest.org/wp-content/uploads/ITPI_BanksPrivatePrisonCompanies_Nov2016.pdf</Ref>		GEO and CoreCivic depend upon revolving credit arrangements with a syndicate of banks including Wells Fargo. CoreCivic received 444 million dollars in loans through their revolving credit as of 2016- the largest contributors being SunTrust, Bank of America, Wells Fargo, and JPMorgan Chase. GEO Group recieved 450 million from BNP Parlbas, Bank of America, Barclays, JPmorgan Chase, SunTrust and Wells Fargo through 2016.<Ref>https://www.inthepublicinterest.org/wp-content/uploads/ITPI_BanksPrivatePrisonCompanies_Nov2016.pdf</Ref>

	== Sources ==		== Sources ==

Florez4747: /* Atlanta */

2023-06-17T05:53:39Z

Atlanta

← Older revision		Revision as of 05:53, 17 June 2023
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	== Connections To Police Organizations ==		== Connections To Police Organizations ==
	=== Atlanta ===		=== Atlanta ===
			See [[Atlanta Forest Defenders]] <br>
	Wells Fargo is a donor and sponsor of the Atlanta Police Foundation, a private-public institution, which helps fund the Atlanta Police department, and is currently funding the new construction of a police training facility dubbed "cop city" by a loose coalition of individuals resisting its construction. <Ref>https://boingboing.net/2020/07/28/chevron-shell-wells-fargo-fu.html</Ref> <br>		Wells Fargo is a donor and sponsor of the Atlanta Police Foundation, a private-public institution, which helps fund the Atlanta Police department, and is currently funding the new construction of a police training facility dubbed "cop city" by a loose coalition of individuals resisting its construction. <Ref>https://boingboing.net/2020/07/28/chevron-shell-wells-fargo-fu.html</Ref> <br>

	~~See [[Atlanta Forest Defenders]] <br>~~		The Atlanta Police Foundation is a public-private partnership model organization that privately funds and implements programming which according to their website "creates a safe and just city for every citizen of Atlanta, driving out crime and enhancing the safety of our neighborhoods." <Ref>https://atlantapolicefoundation.org/</Ref> <br><br> The APF refused to disclose the private donors funding Cop City when the Atlanta City Council was holding discussions about approving the project. '''add source''' <br><br> In 2021 LittleSis and Color of Changed profiled 1,400 corporate connections to 22 major police foundations, including the APF. <Ref>https://policefoundations.org/</Ref> <br><br> The institutions donating to the Atlanta Police Foundation span across many industries and include: [[Amazon]], [[Wells Fargo]], [[JPMorgan Chase]], [[Waffle House]], Axon Enterprises, Atlanta Hawks & State Farm Arena, Georgia State University, Inspire Brands, [[The Home Depot]], [[UPS]], [[Delta Air Lines]], and Chick-Fill-A. <Ref>https://news.littlesis.org/2022/11/15/meet-the-major-corporations-and-cultural-institutions-helping-build-cop-city-in-atlanta/</Ref> [[Cox Enterprises]] is also an investor in the APF and is the owner of the Atlanta Journal-Constitution.<Ref>https://theintercept.com/2021/08/11/atlanta-police-training-center/</Ref>
	The Atlanta Police Foundation is a public-private partnership model organization that privately funds and implements programming which according to their website "creates a safe and just city for every citizen of Atlanta, driving out crime and enhancing the safety of our neighborhoods." <Ref>https://atlantapolicefoundation.org/</Ref> <br> <br> The APF refused to disclose the private donors funding Cop City when the Atlanta City Council was holding discussions about approving the project. add source <br> <br> In 2021 LittleSis and Color of Changed profiled 1,400 corporate connections to 22 major police foundations, including the APF. <Ref>https://policefoundations.org/</Ref> <br> <br> The institutions donating to the Atlanta Police Foundation span across many industries and include: [[Amazon]], [[Wells Fargo]], [[JPMorgan Chase]], [[Waffle House]], Axon Enterprises, Atlanta Hawks & State Farm Arena, Georgia State University, Inspire Brands, [[The Home Depot]], [[UPS]], [[Delta Air Lines]], and Chick-Fill-A. <Ref>https://news.littlesis.org/2022/11/15/meet-the-major-corporations-and-cultural-institutions-helping-build-cop-city-in-atlanta/</Ref> [[Cox Enterprises]] is also an investor in the APF and is the owner of the Atlanta Journal-Constitution.<Ref>https://theintercept.com/2021/08/11/atlanta-police-training-center/</Ref>

	=== Seattle ===		=== Seattle ===

Florez4747: /* Atlanta */

2023-06-17T05:52:19Z

Atlanta

← Older revision		Revision as of 05:52, 17 June 2023
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	== Connections To Police Organizations ==		== Connections To Police Organizations ==
	=== Atlanta ===		=== Atlanta ===
	Wells Fargo is a donor and sponsor of the Atlanta Police Foundation, a private-public institution, which helps fund the Atlanta Police department, and is currently funding the new construction of a police training facility dubbed "cop city" by a loose coalition of individuals resisting its construction. <Ref>https://boingboing.net/2020/07/28/chevron-shell-wells-fargo-fu.html</Ref>		Wells Fargo is a donor and sponsor of the Atlanta Police Foundation, a private-public institution, which helps fund the Atlanta Police department, and is currently funding the new construction of a police training facility dubbed "cop city" by a loose coalition of individuals resisting its construction. <Ref>https://boingboing.net/2020/07/28/chevron-shell-wells-fargo-fu.html</Ref> <br>

			See [[Atlanta Forest Defenders]] <br>
			The Atlanta Police Foundation is a public-private partnership model organization that privately funds and implements programming which according to their website "creates a safe and just city for every citizen of Atlanta, driving out crime and enhancing the safety of our neighborhoods." <Ref>https://atlantapolicefoundation.org/</Ref> <br> <br> The APF refused to disclose the private donors funding Cop City when the Atlanta City Council was holding discussions about approving the project. add source <br> <br> In 2021 LittleSis and Color of Changed profiled 1,400 corporate connections to 22 major police foundations, including the APF. <Ref>https://policefoundations.org/</Ref> <br> <br> The institutions donating to the Atlanta Police Foundation span across many industries and include: [[Amazon]], [[Wells Fargo]], [[JPMorgan Chase]], [[Waffle House]], Axon Enterprises, Atlanta Hawks & State Farm Arena, Georgia State University, Inspire Brands, [[The Home Depot]], [[UPS]], [[Delta Air Lines]], and Chick-Fill-A. <Ref>https://news.littlesis.org/2022/11/15/meet-the-major-corporations-and-cultural-institutions-helping-build-cop-city-in-atlanta/</Ref> [[Cox Enterprises]] is also an investor in the APF and is the owner of the Atlanta Journal-Constitution.<Ref>https://theintercept.com/2021/08/11/atlanta-police-training-center/</Ref>

	=== Seattle ===		=== Seattle ===

TH at 00:21, 30 December 2022

2022-12-30T00:21:35Z

@@ Line 1: / Line 1: @@
 == Gold Rush Origins ==
 Wells Fargo was founded by Henry Wells and William Fargo in 1852 during the [[California Gold Rush]]. The company began as a shipping company, to transport gold and other valuable products, and as a bank. <Ref>https://www.history.com/this-day-in-history/wells-and-fargo-start-shipping-and-banking-company</Ref> Wells Fargo was able to capitalize upon the gold rush, which resulted in the murder, rape, enslavement, genocide and mass displacement of the original Indigenous inhabitants of California. Indigenous populations decreased from as many as 300,000 people to around 30,000 most of which were forcefully displaced onto reservations. <Ref>https://newsroom.ucla.edu/stories/revealing-the-history-of-genocide-against-californias-native-americans</Ref> <Ref>https://www.pbs.org/wgbh/americanexperience/features/goldrush-value-land/</Ref>
 == Lawsuits against Wells Fargo ==
@@ Line 28: / Line 46: @@
 GEO Group and CoreCivic (previously Corrections Corporation of America) are the two largest private prison operators in the so called United States. They are both structured as Real Estate Investment Trusts, <blockquote>which allows them to pay very low taxes – GEO paid only $1.5 million in Federal taxes in 2015 – while giving 90% of their taxable income to shareholders. As a result of this structure these companies have limited cash reserves and rely wholly on these banks to extend credit to keep their operations going. Simply put, if the banks rescinded their credit agreements these companies would struggle to continue being operational.</blockquote> <Ref>https://news.littlesis.org/2018/06/21/who-is-profiting-from-incarcerating-immigrant-families/</Ref>
 GEO and CoreCivic depend upon revolving credit arrangements with a syndicate of banks including Wells Fargo. CoreCivic received 444 million dollars in loans through their revolving credit as of 2016- the largest contributors being SunTrust, Bank of America, Wells Fargo, and JPMorgan Chase. GEO Group  recieved 450 million from BNP Parlbas, Bank of America, Barclays, JPmorgan Chase, SunTrust and Wells Fargo through 2016.<Ref>https://www.inthepublicinterest.org/wp-content/uploads/ITPI_BanksPrivatePrisonCompanies_Nov2016.pdf</Ref>
 == Sources ==

Florez4747: /* Greenwashing */

2022-12-29T20:16:28Z

Greenwashing

← Older revision		Revision as of 20:16, 29 December 2022
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	=== Greenwashing ===		=== Greenwashing ===
	Wells Fargo's website boasts <blockquote>At Wells Fargo, we are working to embed environmental sustainability throughout our products, services, operations, and culture to drive efficiencies and responsible resource use while creating comfortable, safe, and healthy workplaces. We believe that climate change continues to be one of the most urgent environmental and social issues of our time, and we are working across our value chain to help accelerate the transition to a low-carbon economy and reduce the impacts of climate change on our business, communities, employees, and customers.</blockquote> <Ref>https://www.wellsfargo.com/about/corporate-responsibility/environment/</Ref> Wells Fargo has made a pledge to become net zero by 2050, <Ref>https://sites.wf.com/co2emission/?_ga=2.44122530.748654062.1672340274-1590163341.1672172037</Ref> but environmental groups have said this pledge is meaningless without directly reducing fossil fuel investments in the present, which Wells Fargo has not done. <Ref>https://www.ran.org/wp-content/uploads/2022/03/BOCC_2022_vSPREAD-1.pdf</Ref>		Wells Fargo's website boasts <blockquote>At Wells Fargo, we are working to embed environmental sustainability throughout our products, services, operations, and culture to drive efficiencies and responsible resource use while creating comfortable, safe, and healthy workplaces. We believe that climate change continues to be one of the most urgent environmental and social issues of our time, and we are working across our value chain to help accelerate the transition to a low-carbon economy and reduce the impacts of climate change on our business, communities, employees, and customers.</blockquote> <Ref>https://www.wellsfargo.com/about/corporate-responsibility/environment/</Ref> Wells Fargo has made a pledge to become net zero by 2050, <Ref>https://sites.wf.com/co2emission/?_ga=2.44122530.748654062.1672340274-1590163341.1672172037</Ref> but environmental groups have said this pledge is meaningless without directly reducing fossil fuel investments in the present, which Wells Fargo has not done. <Ref>https://www.ran.org/wp-content/uploads/2022/03/BOCC_2022_vSPREAD-1.pdf</Ref> <Ref>https://newrepublic.com/article/166208/bank-america-citigroup-wells-fargo-fossil-fuels</Ref>

	=== Enbridge ===		=== Enbridge ===

Florez4747: /* Gold Rush Origins */

2022-12-29T20:12:07Z

Gold Rush Origins

← Older revision		Revision as of 20:12, 29 December 2022
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	== Gold Rush Origins ==		== Gold Rush Origins ==
	Wells Fargo was founded by Henry Wells and William Fargo in 1852 during the [[California Gold Rush]]. The company began as a shipping company, to transport gold and other valuable products, and as a bank. <Ref>https://www.history.com/this-day-in-history/wells-and-fargo-start-shipping-and-banking-company</Ref> Wells Fargo was able to capitalize upon the gold rush, which resulted in the murder, rape, enslavement, genocide and mass displacement of the original Indigenous inhabitants of California. Indigenous populations decreased from as many as ~~150~~,000 people to around 30,000. <Ref>https://newsroom.ucla.edu/stories/revealing-the-history-of-genocide-against-californias-native-americans</Ref>		Wells Fargo was founded by Henry Wells and William Fargo in 1852 during the [[California Gold Rush]]. The company began as a shipping company, to transport gold and other valuable products, and as a bank. <Ref>https://www.history.com/this-day-in-history/wells-and-fargo-start-shipping-and-banking-company</Ref> Wells Fargo was able to capitalize upon the gold rush, which resulted in the murder, rape, enslavement, genocide and mass displacement of the original Indigenous inhabitants of California. Indigenous populations decreased from as many as 300,000 people to around 30,000 most of which were forcefully displaced onto reservations. <Ref>https://newsroom.ucla.edu/stories/revealing-the-history-of-genocide-against-californias-native-americans</Ref> <Ref>https://www.pbs.org/wgbh/americanexperience/features/goldrush-value-land/</Ref>

	== Lawsuits against Wells Fargo ==		== Lawsuits against Wells Fargo ==

Florez4747: /* Gold Rush Origins */

2022-12-29T20:08:08Z

Gold Rush Origins

← Older revision		Revision as of 20:08, 29 December 2022
Line 1:		Line 1:
	== Gold Rush Origins ==		== Gold Rush Origins ==
	Wells Fargo was founded by Henry Wells and William Fargo in 1852 during the [[California Gold Rush]]. The company began as a shipping company, to transport gold and other valuable products, and as a bank. <Ref>https://www.history.com/this-day-in-history/wells-and-fargo-start-shipping-and-banking-company</Ref>		Wells Fargo was founded by Henry Wells and William Fargo in 1852 during the [[California Gold Rush]]. The company began as a shipping company, to transport gold and other valuable products, and as a bank. <Ref>https://www.history.com/this-day-in-history/wells-and-fargo-start-shipping-and-banking-company</Ref> Wells Fargo was able to capitalize upon the gold rush, which resulted in the murder, rape, enslavement, genocide and mass displacement of the original Indigenous inhabitants of California. Indigenous populations decreased from as many as 150,000 people to around 30,000. <Ref>https://newsroom.ucla.edu/stories/revealing-the-history-of-genocide-against-californias-native-americans</Ref>

	== Lawsuits against Wells Fargo ==		== Lawsuits against Wells Fargo ==

Florez4747: /* Greenwashing */

2022-12-29T20:02:49Z

Greenwashing

← Older revision		Revision as of 20:02, 29 December 2022
Line 33:		Line 33:

	=== Greenwashing ===		=== Greenwashing ===
			Wells Fargo's website boasts <blockquote>At Wells Fargo, we are working to embed environmental sustainability throughout our products, services, operations, and culture to drive efficiencies and responsible resource use while creating comfortable, safe, and healthy workplaces. We believe that climate change continues to be one of the most urgent environmental and social issues of our time, and we are working across our value chain to help accelerate the transition to a low-carbon economy and reduce the impacts of climate change on our business, communities, employees, and customers.</blockquote> <Ref>https://www.wellsfargo.com/about/corporate-responsibility/environment/</Ref> Wells Fargo has made a pledge to become net zero by 2050, <Ref>https://sites.wf.com/co2emission/?_ga=2.44122530.748654062.1672340274-1590163341.1672172037</Ref> but environmental groups have said this pledge is meaningless without directly reducing fossil fuel investments in the present, which Wells Fargo has not done. <Ref>https://www.ran.org/wp-content/uploads/2022/03/BOCC_2022_vSPREAD-1.pdf</Ref>

	=== Enbridge ===		=== Enbridge ===

Florez4747: /* Gold Rush Origins */

2022-12-29T19:57:10Z

Gold Rush Origins

← Older revision		Revision as of 19:57, 29 December 2022
Line 1:		Line 1:
	== Gold Rush Origins ==		== Gold Rush Origins ==
	Wells Fargo was founded by Henry Wells and William Fargo in 1852 during the California ~~gold rush~~. The company began as a shipping company, to transport gold and other valuable products, and as a bank. <Ref>https://www.history.com/this-day-in-history/wells-and-fargo-start-shipping-and-banking-company</Ref>		Wells Fargo was founded by Henry Wells and William Fargo in 1852 during the [[California Gold Rush]]. The company began as a shipping company, to transport gold and other valuable products, and as a bank. <Ref>https://www.history.com/this-day-in-history/wells-and-fargo-start-shipping-and-banking-company</Ref>

	== Lawsuits against Wells Fargo ==		== Lawsuits against Wells Fargo ==

Florez4747: /* Gold Rush Origins */

2022-12-29T19:55:50Z

Gold Rush Origins

← Older revision		Revision as of 19:55, 29 December 2022
Line 1:		Line 1:
	== Gold Rush Origins ==		== Gold Rush Origins ==
			Wells Fargo was founded by Henry Wells and William Fargo in 1852 during the California gold rush. The company began as a shipping company, to transport gold and other valuable products, and as a bank. <Ref>https://www.history.com/this-day-in-history/wells-and-fargo-start-shipping-and-banking-company</Ref>

	== Lawsuits against Wells Fargo ==		== Lawsuits against Wells Fargo ==
	=== 2008 Baltimore lawsuit ===		=== 2008 Baltimore lawsuit ===