Wells Fargo Bails Out S.F. Businesses, Tries to Show Big Banks Aren't That Bad

mission vadals.jpg
When all else fails, blame Wells Fargo
Since it had the $25K (of your money) to spare, Wells Fargo thought it might help out the Mission District businesses that were completely trashed during Monday evening's Occupy protests.

And the bank should, since some might say that mess is technically Wells Fargo's fault.

The bank announced yesterday evening that it would kick in big bucks to the businesses along the Valencia Corridor to help merchants, many who had to close shop, to replace broken windows, rub away anarchy symbols, and remove the dried egg yolk and paint from storefronts.

The kind grant will be filtered through the Valencia Corridor Merchants Association and the Lower 24th Street Merchants and Neighbors Association, which serve local businesses in the Mission District.
 
Police estimate that some 30-plus businesses were damaged as anarchists and protesters let loose on everything in site, including your car, if it happened to be parked on the street at that time. Merchants estimate they now need tens of thousands of dollars' worth of repairs before they can get back to businesses as usual.

Tired of being the 99 percent's enemy, Wells Fargo released the money along with this statement from Michael F. Billeci, president of Wells Fargo's San Francisco Bay Region:

As San Francisco's hometown bank, Wells Fargo is passionate about supporting the communities where we live and work, and it's important to help our local merchants make the repairs they need to reopen for business and serve their customers again. Helping small businesses right here in the Mission is a win for everyone in the community.

No matter how angry they are personally with Wells Fargo, merchants were pleased with the bank professionally. In fact, some merchants went as far as to call the big bank "caring," and "generous."
 
"Many small businesses in the Valencia Corridor don't have the cash reserves to handle unexpected expenses like vandalism," said Deena Davenport, president of the Valencia Corridor Merchants Association.  "Wells Fargo's generosity will provide timely access to capital to help our merchants open for business again."

Now, if only the bank was that "caring" and "generous" to San Francisco homeowners.

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14 comments
Empathy
Empathy

Compassion requires heart, soul and something money can't buy, Occupy.

Christopher Neal
Christopher Neal

A nice contrast in the concept of personal responsibility. Wells Fargo wants to help merchants so they can EARN money through working, encouraging personal responsibility and pride of ownership, while the occupiers want no personal responsibility: "Other people have money and I want it and I'm gonna throw a tantrum in an attempt to get it."

MrEricSir
MrEricSir

"Other people have money and I want it and I'm gonna throw a tantrum in an attempt to get it." That's exactly what the greedy assholes on Wall Street said who got us into this mess.

Christopher Neal
Christopher Neal

"Hopey-Changey" economy...

MrEricSir
MrEricSir

 Eh, 1/10 dude.  Try again.  You'll get the hang of it.  Go back to making ignorant remarks about politics, you were on roll there.

MrEricSir
MrEricSir

Not bad. Now you're getting the hang of it.  Keep it up, kiddo and eventually you'll learn how to troll like an old timer.

MrEricSir
MrEricSir

I hope you can do better than that. Trolling is an art. And you have the talent of a preschooler with finger paint.

MrEricSir
MrEricSir

Right, because why bother listening to what they're saying? Why bother looking at the high unemployment that's hit blue collar workers (ie Occupiers) particularly hard?

Who cares about "facts" when they don't correspond to a narrow-minded political prejudice?

____
____

I wonder if this would create a moral hazard scenario whereby vandals, anarchists and hoodlums destroy neighborhoods with hopes of similar monetary generosity.

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