GOP presidential candidate Andy Martin will hold a news conference in
San Francisco today,
November 25th, to call for breaking up Wells Fargo Bank as “ America’s
worst [big] bank.” Andy charges Wells Fargo is the most anti-consumer and
anti-small business bank among the top 5 major banks in the U. S. Andy is the
only presidential candidate who is an expert in banking and the financial
industry. Andy calls Wells Fargo the “worst of the worst” when it comes to
anti-consumer and anti-small business banking. “If they are too big to fail,
then it is a failure not to break them up,” Andy says. “We should start by
breaking up Wells Fargo.”
ANDY MARTIN /2016
Republican candidate for
President of the
Great Again” America
Tel. (866) 706-2639; Cell (917) 664-9329
Fax (866) 214-3210
FOR IMMEDIATE RELEASE:
Attention, Business, National, Political and daybook/assignment editors
news conference today,
Wednesday, November 25 San Francisco
GOP presidential candidate Andy Martin says Wells Fargo Bank should be broken up as the worst one of the nation’s top 5 banks.
Andy is a banking and regulatory law expert who has been dealing with banking industry excesses for decades
Andy says Wells Fargo Bank is the “worst of the worst,” and should be broken up as a first step in separating the big banks’ Wall Street speculation activities from ordinary banking needs for small business and consumers
Andy says his own experience with Wells
convinces him the
organization is the most anti-consumer and malicious operation of the nation’s
top 5 banks Fargo
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( San Francisco, CA November 25, 2015) Republican
presidential candidate Andy Martin will hold a San
Francisco news conference today, November 25th
to call for the breakup of Wells Fargo Bank. Andy calls Wells Fargo Bank America’s
“most anti-consumer big bank.”
“All of the top ten banks are to some extent anti-American and anti-consumer,” Andy charges. “They take taxpayer money in bailouts, but then they do everything they can to hurt their customers. But based on my experience, Wells Fargo is
worst big bank, easily the worst one of the top 5.
“The Republican Party is dead wrong on banking reform. Republicans are always waging a war against bank regulation and consumer protection, but ordinary citizens and small businesses need protection from the arrogance and corruption of banks such as Wells Fargo. Republican candidates need to bite the hand that feeds them, the Wall Street donor class.
“I got into a dispute with Wells Fargo years ago and today we are in a federal court battle before an arrogant and corrupt federal judge. For a small claims case involving beer money. The arrogance and consumer antagonism of Wells Fargo has to be experienced to be believed. They also work with a semi-secret company, ChexSystems to extort money from customers when disputes arise between Wells Fargo and its clients.
“Unlike most national candidates I actually have banking industry experience. For example, I tried the first bank holding company case at the Federal Reserve Board, way back in 1973. So I know how and why the big banks are corrupt, incompetent and dismissive of ordinary individuals. The banks over-speculate in good times and they abuse and overcharge their customers in bad times.
“During the mortgage foreclosure fiasco Wells Fargo was one of the worst offenders. But Wells Fargo has a generalized anti-consumer orientation, year-in and year-out.
“Why Republicans are against reasonable regulations (please see link below) and want big banks to gamble with depositors’ money escapes me. How can we expect to become a majority party if we are working against the financial interests of a majority of Americans? The GOP is on the wrong side of the banking regulation issue. Unfortunately, the reality is that the Republican Party in
Washington is financed by
dirty dollars from banking lobbyists. Campaign contributions from banks explain
why the Republican Party has sold itself to the big banking industry.
“We do not need to over-regulate small banks and those that serve a local area without major branch networks or overseas operations or trading desks. But the top 10 banks need to be watched closely and carefully. The top 5 should be broken up, with a strict separation of ordinary banking from financial speculation and risky trading. In every banking crisis, the ‘too big to fail’ banks such as Wells Fargo get rewarded, and small business and consumer customers get the shaft.
“We have a couple of web sites that are going up and will be ready soon (please see links below). It is a very uphill battle, but I am committed to separating the Washington GOP ‘lobbyist party’ from banking contributions and special interest money. In fairness, the Democrats are just as bad and just as greedy when it comes to campaign dollars from big banks.
“Ironically, banking reform is one issue where the GOP has the potential to split away small business and consumer customers from the Democratic Party. The
owned lock, stock and barrel by big banks and Wall Street firms such as Goldman
Sachs. Bernie Sanders is right when he attacks Hillary Clinton and says the big
banks should be broken up.
“Instead of bowing down to the big banks, Republicans could and should be poaching Democratic voters who are disgusted with the way that moneyed interests run
and have their evil tentacles deep in both parties.
“Wells Fargo is the worst of the worst. They are first on my list to be broken up. Investment banking and Wall Street speculation on the one hand, and consumer/business banking, on the other, can and should be made legally separate once again.”
Andy can be reached directed in
Francisco through the Mark Hopkins Hotel, (415)
392-3434, Suite 1438.
news conference details: San Francisco
Presidential candidate and banking expert Andy Martin
Andy Martin calls on federal government to break up Wells Fargo Bank
November 25, 2015;
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He holds a Juris Doctor degree from the University of Illinois College of Law and is a former adjunct professor of law at the City University of New York (LaGuardia CC, Bronx CC).
He is the author of “Obama: The Man Behind The Mask” [www.OrangeStatePress.com] and produced the Internet film “Obama: The Hawaii’ Years” [www.BoycottHawaii.com]. Andy is the Executive Editor and publisher of the “Internet Powerhouse,” blogging at www.contrariancommentary.wordpress.com and www.ContrarianCommentary.com.
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