Wells Fargo Given Ultimatum: No Business With NRA, Gun Companies Or…

By Dave Dolbee published on in News

The American Federation of Teachers (AFT) President Randi Weingarten is in negotiations to meet with Wells Fargo CEO Tim Sloan. The AFT’s purpose is to deliver an ultimatum regarding the bank’s ongoing financial support for the gun lobby and gun manufacturers. The AFT has publically taken the position that if Sloan continues Wells Fargo’s support of firearms businesses, the AFT will discontinue its popular Wells Fargo mortgage program offered to members.

Wells Fargo Bank red and yellow logo

Last week, the AFT released correspondence between Weingarten and Sloan. The release outlined the union’s concerns about Wells Fargo’s connections with the NRA—as well as its threat to stop offering Wells Fargo mortgages, if Wells Fargo continues being the NRA banker. The Wells Fargo mortgage program is part of the Union Privilege program and approximately 1,600 AFT members have opted for these mortgages annually.

More than 20,000 AFT members currently hold mortgages through the program. If Wells Fargo fails to budge, the AFT will urge other Union Privilege members to follow suit. The AFL-CIO was copied on the correspondence.

AFT President Randi Weingarten said: “The lives of students and educators must be valued more than guns. This is America—Wells Fargo has the right to be the NRA banker, but we have rights too. That’s why if Tim doesn’t ditch his guns business, we’ll ditch Wells Fargo. We are glad Tim wants to meet; but no words will dissuade us from our view that our society must value people over profits. We have a responsibility on behalf of our members and their students who face potential gun violence every day.

“We’re issuing Wells Fargo an ultimatum—they can have a mortgage market that includes America’s teachers, or they can continue to do business with the NRA and gun manufacturers. They can’t do both.”

I wonder how the members of the AFT feel about the move. I mean, did the membership vote for this? How many gun owners are by the default of their position members of the union, which is poorly representing their views based on the beliefs or politics of a few top leaders?

What do you think Wells Fargo CEO Tim Sloan should, or will, do at the meeting? Will this affect your banking relationship with Wells Fargo in the future? Share your answers in the comment section.

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Comments (454)

  • Arlo Greiss

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    As an NRA Life Member, with a nice chunk of change invested with Wells Fargo, I will be ke3eping an eye on the outcome of this effort by the left to intimidate a venerated American financial institution. I pray it does not succeed.

    Reply

  • tomnchrist

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    About time the actual Teachers stand up for themselves and ditch the Union, The Union did not protect them from having to teach Common Core, the False Religion of Evolution, Islamic Pillars, Sex education, including fornication and self pleasuring, and LGBT legitimacy. Not to mention forsaking the real History of the USA, the Constitution and the effect of Christian Moral and Values.

    Reply

  • Dave R

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    Tell the AFT to take a hike…………Wells Fargo doesn’t need them……

    Reply

  • Sammy Jeter

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    If wells Fargo bows to the UFT, Then WF doesn’t need or want my business.

    Reply

  • Dean McKearney

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    I have cancelled my membership to Lifelock and closed all of my accounts with Bank of America for caving in to the same kind of bull crap. If Wells Fargo has the same lack of back bone I will cease dealing with them also. Businesses and corporations have no place taking sides in the war for our rights and firearms. You need me so much more than I need you.

    Reply

  • Dan G

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    I agree with you 100%, a 100% Disabled Vet, I have a VA Mortgage with WellsFargo, I am also a NRA Endowment Member, VietNam Vets of America Life Member, USLawShield Member, CCWSafe Member and US Concealed Carry Association Member, and do not think WF should bow to these demands. If they do, what is next??? ALL MAJOR BANKS. There are more Gun Owners than Teachers.

    Reply

  • Djack

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    Stand your ground.Guns save more lives then they take in this country period. Also consider joining guns of america along with NRA that will show where we stand ….

    Reply

  • ARt

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    Wells Fargo will do just fine with out AFT’s business, Just fine, They don’t need it.

    Reply

  • Stan Crawford

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    Just another attempt by the Liberal Left to attack Good Companies and blame these Companies , like Wells Fargo , for what a criminal does ! How foolish and so predictable ! If Wells Fargo backs an Auto Manufacturer whose car or truck is used to mow down people on a crowded street , are you going to blame Wells Fargo for that as well?
    No , this is just another attack on our Constitution. And when you start to blame the good guys for what the criminals do , you have reached an all time low ! Stand your ground Wells Fargo and stay with the NRA ,whose fight for our freedom and right to bear arms is un paralleled ! Our School System needs someone to blame , instead they should be more concerned about getting God back in schools and less cincerned about keeping Guns out !
    AMEN !

    Reply

  • Pa John

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    “The definition of fascism is ‘The marriage of corporation and state’ ” – Benito Mussolini
    https://en.wikipedia.org/wiki/Benito_Mussolini

    Under communism, the government owns everything including the means of production. Under fascism and it’s identical / conjoined twin socialism, the government allows for private ownership but works tightly together with big business to essentially rule with an iron fist just the same. All is coordinated by the elites to effectively rule over the masses however they see fit. History repeats and here we go again.

    So we have the marriage of leftists in government with leftists in the big banking and internet corporations, working together as Domestic Enemies of the U.S. Constitution, striving to deprive American citizens of their Constitutional rights. Fascism, pure and simple.

    Just thought someone out there might like to know how we really are experiencing true fascism as so clearly defined by Mussolini himself, the original head of the Italian Fascist party and author of “The Doctrine of Fascism”. The guy who went from elected leader to outright dictator and who aligned Italy with Hitler’s Nazi Germany during WWII.
    https://www.goodreads.com/book/show/1184142.The_Doctrine_of_Fascism

    If you ever doubt the power of propaganda, consider that just a few decades ago, most people would never have taken the bet that it would ever again be possible to indoctrinate a free people – in spite of all of human history proving the contrary – into seriously believing that they will not be “safe” and “free” until they are silenced and disarmed. But now we see _many_ well indoctrinated victims of very expensive college mis-educations, loudly demanding this very thing via “hate speech” laws and calling for a repeal the 2nd Amendment and so forth.

    Our people die for lack of knowledge.

    Reply

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