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'Occupy' protesters target Wells Fargo in San Francisco

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  • Description

    Demonstrators rally outside bank's shareholder meeting

  • Duration 1:39
  • Date

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This transcript is automatically generated

Yeah.

San Francisco based thus -- with the nation's largest bank received and repaid with interest.

It's 45 billion dollars -- -- But was the kingpin in the nation's financial collapse.

Not a real -- they were like a countrywide oracle must finance that -- World Bank to -- a looked nothing like that I don't think they were as bad as countrywide countrywide.

Was probably the biggest and the baddest of the of the banks I don't think there's any one person.

In the whole slew of people that have -- it.

The collapse -- -- this action to deal with distressed homeowners.

Caused it to be one of the five major banks to settle with government lawyers.

That was because of widespread violations of both law and process.

When it came to providing services to borrowers who were in default are at risk of foreclosure.

Two years ago -- was also -- 85 million dollars for falsifying loan documents.

In the early pushing some customers -- higher priced subprime loans they're not helping clean up the mess.

What -- released a statement saying that it paid six billion dollars in taxes last year but it paid no taxes in 2008.

Nine and ten receiving instead almost 700 million in tax rebates.

And since then it's made a profit of 49 billion dollars but has laid off 6400 workers.

Last year it's already well paid top five executives got a 180%.

Increase.

-- doesn't make sense that all these people are still being rewarded along the chain.

Those -- executives.

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