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)

  • Steve Govednik

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    I believe that the teachers union or any other group has the right to their opinion but when you bully anyone or thing such as a company into taking away the rights of others you are wrong. Be very careful what you take away today may end up taking away your rights in the future. Lets face the problem of mental health together. Solving this problem by taking away the rights of good people is WRONG.

    Reply

  • Randy

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    Teachers unions pose a threat far, far, greater to this country than every single gun, bullet, knife, and baseball bat in it.

    Where guns are used (in infinitesimal numbers, frankly) to carry out attacks against innocent people, teachers are attacking the minds of innocent children and doing much greater damage to our future.

    Excuse my language, but screw teachers unions.

    Reply

  • Keith

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    The Union doesn’t have a whole lot of power here. There are a lot more teachers that don’t belong to that union than do. The Teachers themselves can pick and choose which mortgage company they choose to do business with.

    What the Union is really doing, is pulling their recommendation and union discounts their teachers get. They are hurting their teachers more than Wells Fargo.

    Reply

  • Lyn Lindstrom

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    I shall try to contain my temper, but I have had about ENOUGH of any businesses kowtowing to the bullying and insolent behavior of people/organizations thinking they are above others. Gun manufacturers, gun shops, gun owners have every right to follow their likes. How dare anyone threaten my bank because of different opinions. Keep your opinion, but stop interfering with others with threats! I certainly hope Wells Fargo stands firm and tell these pushy people to keep things in a business order.
    Thank you,
    Lyn

    Reply

  • JW

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    I completely agree with you. Stand up for your rights and let your voice be heard loud and clear. Your like thinking peers need to speak up also so that the AFT and the commies driving this extortion effort know they are not going to be supported.

    Reply

  • Karl Malone

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    How interesting. And predictable. A union operation resorts to union thuggery in threatening a bank.

    Top of my to-do list today: let my local Wells-Fargo know that if it caves to the goons at the AFT, it can likewise kiss my accounts (checking, savings, and credit cards) good-bye.

    Reply

    • LarryArnold

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      I’d think a better strategy would be to play nice, and thank them for their continued support of law-abiding people, gun-owners or not.

      Reply

  • DuWain

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    Well, well. Isn’t it interesting that with all the emphasis on ‘bullying in school’ the teachers union believes they can bully a private business to conform to their way of thinking; I include the entire membership – to date, it appears that the school teachers swimmining with Weingarten agree.
    What is just as interesting is the use of an ‘iron Curtain’ that cowers the membership from truly speaking out against the leadership; the members know that severe retribution is lurkiing for those who do not conform.

    Reply

  • JohnF

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    The Teachers who should be Teaching the Constitution & Bill of Rights are doing the Opposite.

    But Not a Word About Sending All These Students Off As ‘Cannon Fodder’ in the Governments 100 year War of Terror to Control the World’s Oil Supply.!!!!!

    Reply

    • Tarrant Boyd II

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      I agree, I will stand with the NRA & I will keep ole Betsy & my short barreled Colt 38 until Hell freezes over. The
      2 nd Amendment is The Cornerstone of the Constitution of the USA so if it can be destroyed, then the Constitution can be destroyed in whole or in part. TBB:

      Reply

  • Bob

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    Capitalism at its finest! Power to the people to drive change.

    Reply

  • Matthew

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    If WF is pro gun then sign me up!! Finally a company with a backbone in society. Sick and tired of liberal communist fascist authoritarian first amendment propaganda trying to threaten and strong arm everyone who disagrees. If WF folds and gives into them then what’s next? Dominoes continue fall and society becomes a forever winter of Snowflakes coming down with growing force as each company or business folds to their political garbage and pathetic threats. Storm is definitely coming and it’s the gun owners waking up and putting an end to this ridiculous thinking and divisive mindset. True Americans both Black and White as gun owners need to have a “market correction” to show just how little power the people without guns have against those who do have them. We need to have a real “march for our lives” as gun owners and finally come together and stand up as a community to support America for what it is and freedom to make own choices. To put an end to culture of liberal tyranny. Who do you think joins military and fights for their country only to come home to less rights, to less freedom and become forgotten? Not pathetic SJWs or bleeding heart liberals! “When government fears the people there is freedom, when the people fear government there is tyranny”… which one are we currently experiencing? God bless America!!

    Reply

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