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Tag: Coloradans for Financial Reform

Denver crowd protests ‘too big to fail’ Wells Fargo

DENVER-- Roughly 200 people gathered in front of the Wells Fargo "Cash Register" building downtown here Wednesday to protest "too big to fail" banks in general and Wells Fargo in particular-- financial institutions that outrageously mismanaged depositor savings and fueled the global economic crisis last year. The banks received taxpayer bailout funds to the tune of $700 billion, which they used at first to stay afloat but ultimately to increase profits and even lobby lawmakers to vote against consumer protections. Protesters took turns withdrawing their Wells Fargo savings.