"Make banks pay!" and other chants were proclaimed by the group Refund California and others Wednesday night as they occupied the front lawn outside the San Marino home of CFO Tim Sloan, who lives on Woodstock Road.
Peggy Mears, the Refund California organizer for Alliance California for Community Empowerment (ACCE), said Wednesay that the group is in solidarity with Occupy L.A., though they are not affiliated.
The People Organized for Westside Renewal (POWER) led the protest with Refund California and said in a release that they were protesting outside Sloan's home for the following reasons:
- To demand that Wells Fargo divest from private prison companies that contract with the government to deport immigrant workers and redirect that money to the real economy, creating jobs, rebuilding housing and refunding government coffers.
- To protest Wells Fargo for leading the major banks in peddling bad sub-prime mortgages to minority communities throughout the nation
- To highlight that Wells Fargo pays the lowest corporate tax rate of any major bank (around 11 percent) and paid no taxes in 2009.
A officer was at the protest, which lasted about a half hour and at no point got violent, but the officer eventually told an organizer that protesters needed to move a charter bus and vehicles parked on Woodstock Road, which does not allow street parking.
As protesters left in two large charter buses and a few cars, four South Pasadena Police Department cars arrived near the scene since SMPD had called them for assistance, but it was not needed at that point.
The protest is part of an ongoing week of actions in Los Angeles that have included other protests and is part of a larger movement called New Bottom Line that began Sept. 20 in Washington state and calls for "an economy that works for everyday people, not just big corporations."
The week of actions is planned to culminate Thursday afternoon with thousands of people marching in Downtown Los Angeles.