Tell Wells Fargo: Stop suing and start negotiating

On August 7th Wells Fargo and Deutsche Bank named the City of Richmond in a lawsuit filed to attempt to block Local Principal Reduction from moving forward.

Please call Wells Fargo CEO John Stumpf and tell him to stop suing and start negotiating.

Here’s his office number: 415-396-7018

Here’s a sample script:

“Hi, my name is __________. I wanted to let John Stumpf know that I support the city of Richmond’s common sense approach to local principal reduction. Wells Fargo needs to drop the lawsuit it filed against Richmond. The foreclosure crisis has hit cities like Richmond tremendously hard. Sell these underwater loans to the city so that we can stop the crisis now!”

You can report how the call went by leaving a comment below.

Showing 18 reactions

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  • followed this page 2013-08-27 01:42:20 -0700
  • followed this page 2013-08-26 18:37:57 -0700
  • commented 2013-08-26 16:55:59 -0700
    So happy I no longer do business with Wells Fargo, and will never EVER do so again.

    And while I know your bank didn’t need the bailout, your bank still took the money. The least you could do is help taxpayers out in return—seeing as how you took their money. I mean the bailout, not their mortgage payment.
  • commented 2013-08-26 10:36:35 -0700
    I just made the call to CEO, John Stumph of Wells Fargo. I spoke with a very nice woman who listened patiently to me state the reason for my call. They seem to be keeping a tally of the people that call… here’s hoping that it makes a difference to someone over there.
  • commented 2013-08-26 10:13:26 -0700
    They took my name, city, and state. I gave them my phone# and told them if Stumpf had anything to say, have him call me. I’ll bet I receive no call.
  • commented 2013-08-19 15:15:50 -0700
    I have removed all my business from Wells Fargo, Bank of America, Citicorp, HSBC, etc. a couple of years ago. I have also rolled all my retirement accounts over to a locally owned bank. I have placed all my retirement accounts into a money market account. I don’t get the kind of return that I would get if I had the money in a Mutual Fund like it used to be) but I no longer want to contribute to helping the Wall Street crooks destroy our country! I used to be a stock broker back in 1987 when the first big crash happened. Since then I have seen the United States financial market manipulated twice, The Savings and Loan Crisis (Pres. Geo. H.W. Bush) and then again in 2008, The Mortgage crisis (Pres. Geo. W. Bush), Money just doesn’t disappear, it has to go somewhere. And that place was into our elected officials and the crooked Banks hands (That pulled off this giant theft). The revolving door between the banking industry and the Government agencies that are supposed to oversee it have not been closed. This is a grave danger to all of us! I would suggest that you pull your money out of the Market. This is going to happen again and probably soon! Nothing has changed legally since the 2008 crash leaving the door open to rape the public again!
  • commented 2013-08-19 14:53:03 -0700
    Talk is a good thing.
  • commented 2013-08-19 14:52:18 -0700
    I just made a call using the number provided for John Stumpf. I spoke with a very cordial gentleman who confirmed that they had gotten many calls today regarding the issue with Richmond CA and eminent domain. He took my name and I got the impression that he was keeping a list/tally of some sort.
  • commented 2013-08-19 14:18:16 -0700
    Walter, have you given any thought toward withdrawing your commerce away from Wells Fargo like I did?
  • commented 2013-08-19 14:11:23 -0700
    I called and was allowed to complete the script. I was told that I was cutting out (which the phone call sounded perfectly clear to me) and was told that they will make not of my concerns. (yet they had said to me that my phone call was breaking up) I was interrupted several times and then hung up on! Very Rude! I am glad that I made the phone call. This shows that the pressure is working to unnerve them! I was also glad that this was the Corporate office number!!!
  • commented 2013-08-19 14:03:22 -0700
    I just called (8/19/13 2:00 PDT) John Stumpf’s office and left a message with Michelle…

    How can we get this idea to spread? LIke to Memphis TN where I own underwater property?
  • commented 2013-08-19 12:19:22 -0700
    I got through to an actual person that heard me out and promised to pass along my insistence against Wells Fargo continuing with its civil litigation. Richmond (CA) has stumbled upon a wonderful idea and it needs time to work. I also walked away from Wells Fargo when I learned of all its treachery. We will slam on the brakes and get this out of the ditch one way or another!
  • commented 2013-08-19 11:26:19 -0700
    The gatekeeper who took my call was impatient, almost rude. She interrupted me from the beginning of my first sentence. It was a struggle to finish what I had to say. She did say that she’d take my name and add it to the list.
  • commented 2013-08-19 10:41:33 -0700
    The phone number is an actual working number – not voicemail or a recording! Mr. Stumpf’s assistant took my call, said that they are aware of our concerns. I said, please add my name to the list, and please tell your boss, to hell with Wells Fargo. Boy it felt good! Then I turned around and sent the email to a couple email lists I belong to!
  • commented 2013-08-19 10:36:16 -0700
    Person who took call said “Thank you for expressing your concern.” in response to my fairly garbled comments against their lawsuit.
  • commented 2013-08-19 10:02:00 -0700
    I made the call to Michel Smith who answer the phone,said she will pass the message to John Stump.
  • commented 2013-08-19 09:46:15 -0700
    People over banks!
  • commented 2013-08-19 09:23:29 -0700
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