to ariel attack!
seriously one of the coolest people in Denver. ariel is AWESOME.
Yay! Glad to hear the deal worked out so well for you!!!! Ariel you're a fucking OG.
the wellspring of insurrection is either in the points of rupture present in society--the discontent of the tenant, clashes between police and people, struggles of the workplace, the rebellion of students--where anarchists can intervene through non-vanguardist methods to deepen and spread rupture while rejecting forces of mediation and recuperation, or else in our own daily refusal of the social order and what it foists onto us--namely boredom, alienation from our neighbors, the feeling we are spectators of our own lives, so on. at least, those are the theories that have been gifted to us, and we're not ready to burn them just yet.
"We want smashed prisons and the destruction of capitalism, not just windows--the question is how do we create moments in which insurrection is possible?"
either insurrection is possible in every moment, and is primarily a question of our consciousness and actions, or else it is impossible for us--as pro-revolutionaries isolated from the masses--to create moments of insurrection, and we must instead locate the moments that have been created by the inherent conflicts present in society, and then position ourselves in these territories for the purpose of attack. again, these are some positions that insurrectionary theory has taken.
it is crucial that insurrection consists of actions which tend toward generalization rather than isolation. the invisible committee argued that insurrection spreads by resonance rather than contamination; how well, then, does the sight of a boarded-up window at the bank resonate? how about the witnessing of a bank robbery?
it is interesting that in the week that the abovementioned bank was attacked, no less than fourteen banks were robbed in Denver. it seems there is something almost generalized about attacks on banks. neither expropriations nor attacks, however, not even robberies in which the money is burned, will destroy capitalism just like that. if we were asked what tactic is best, our favorite might be the method depicted in Lil Wayne's video Got Money--a bank robbery followed by the willy-nilly gifting of the money onto the asphalt. but really, we would have no strong preference except that they be generalized.
any of these actions, carried out broadly, are destructive of capitalism, at least, that's what we think. better yet, all of these and other rebellions including debtors' strikes, workplace occupations, and gardens, if generalized, would destroy capitalism. cool.
but the logic of generalization, if taken too far, leads toward some of the comments above. one might suggest we need open attacks rather than clandestine ones, or "the working class revolution" rather than attacks on banks (which are not valid targets because working class people work there[??!?]), to be doing it Correctly. we want open revolt and secret destruction, working-class power through petty vandalism, and whatever else is fun and sexy.
it is far too easy to criticize others, and the One True Revolutionaries just want us to rally behind their banner, their ideology, their way of doing things, what they used to call their Party.
"In an excessive perspective of liberation there are no such things as superior forms of struggle. Revolt needs everything: papers and books, arms and explosives, reflection and swearing, poison, daggers and arson. The only interesting question is how to combine them." -- At Daggers Drawn
so, let us take these contradictions--intervention versus refusal, generalization versus clandestinity, revolution versus vandalism--and not let ourselves become bound up trying to resolve them, but let their tensions act as a springboard into joyful insurrection.
mad love to all who attack capitalism, however incompletely, and desire to destroy all government rather than "change" (=steer) its fatal course,
crazy love to the 3 or 5 people who read this shit,
This is absolute stupidity. This is not the way forward to change the course of government. This is petty vandalism and the people that typically work at the Wells Fargo branches are of the working class. The people that are our brothers and sisters. This behaviour not only scares the people you should be protecting, but it also creates negative press for your cause. The way forward is the through the working class revolution, not immature college pranks.
and the Antinational Brigades!
More then 50 people took the streets of Grand Junction to demand No More Deaths on the streets of Grand Junction. Many more participated in the memorial service, in Hawthorn Park at the conclusion of the March. Will update with photos.
See you in the streets
Yes, there is only ONE way. You must be open.
Never clandestine. Or a creative combination of the two.
One-true-wayism works best for insurrectionists raised in a monotheistic, totalitarian culture. The one-true-way will set us free.
our revolt must be open.
clandestine actions at night do nothing to de-legitimize capitalism and the state. it just evades them to attack.
much better is to organize open revolt, open de-legitimizing actions of the state/capitalism (like building occupations, rent strike, etc...) or to organize a street party against banks where the windows are smashed during collective action and cheered by those around. when you smash the windows and hundreds do not stop you, that de-legitimizes the state's violence and capitalism.
smashing a window at night is easier, but it is MUCH better to stir open disregard for the laws of capitalism the state enforces.
organize, occupy, resist.
Federal taxpayer bailout received: $36.9 billion
Profits for the years 1998-2008*: $95.8 billion
Profits for the first half of 2009: $6.22 billion
Change in bank account fees (2003-08): +35.1%
Bank fees for first half of 2009: $2.84 billion
Credit card income for first half of 2009: $1.78 billion
Percent of first half 2009 profit from fees & credit cards: 74%
Median Wells Fargo bank teller wage: $10.28/hour or $21,392 annually
2007-08 Chairman Richard Kovacevich pay: $26.6 million (622 times median
2008 bonus pool†: $978 million‡
First half 2009 bonus and compensation pool: $13.2 billion
Cash bonuses (top 5 execs) last 10 years§: $254.9 million
Effective tax rate in 2008: 18.5%
Offshore subsidiaries in tax havens**: 77
Lobbying fees in 9 months after bailout: $2.5 million
Campaign contributions in 2008 federal elections:†† $4.7 million
Role in subprime crisis:
• Wells was a significant player in the subprime crisis. In 2006, the last year before the
subprime bubble started to burst, Wells originated or co-issued $74.2 billion worth of
subprime loans, making it one of the top subprime lenders in the country.
• As recently as September 2008, Wells still held $48 billion worth of subprime mortgages in
its servicing portfolio, making it the nation’s sixth largest subprime servicer.
Bailing out the Bank:
• Wells Fargo put taxpayers on the hook for up to $36.9 billion in bailout funds and programs
plus an unknown amount from the Federal Reserve’s $8 trillion in emergency programs.
This money was supposed to help the banks get the economy going again. But little of this
money has gone to relieve struggling homeowners and increase the flow of credit to small
• Despite its large portfolio of at risk mortgages, Wells Fargo has started trial mortgage
modifications for only 11% of its 292,515 borrowers who are eligible for the Obama
Administration’s Making Home Affordable Program (and are at least 60 days past due). At
Wachovia, which Wells Fargo acquired in 2008, the number is even lower, 2% of 74,231
* Includes profits for Wells Fargo for the last ten years ($57.1 billion) and Wachovia for the last nine years ($38.7 billion).
• Wells Fargo‡‡ lending to American small business fell by $233 million (a 23.9% drop)
through the SBA’s flagship 7a program, from 2008 to 2009 (measuring each only for the first
11 months of each fiscal year).
• Amidst popular outcry, Wells was forced to cancel a Las Vegas junket in February that
included 12 nights at the Wynn and Encore Las Vegas (two of the most expensive hotelcasinos
on the Strip) for its top mortgage officers.
• In response, the bank took out full page ads in the New York Times, Washington Post, USA
Today, and Wall Street Journal defending its right to hold such events. Full page ads in these
papers can range from $180,000 to $230,000. A company spokeswoman defended the ads,
saying “we felt this was a way we could publicly acknowledge [Wells employees’]
• Wells Fargo is paying $40 million for naming rights to the Wachovia Center in Philadelphia,
the home of the Philadelphia 76ers and the Philadelphia Flyers. Wells Fargo also has its
name on the Wells Fargo Arena in Des Moines and Arizona State University’s Wells Fargo
Arena in Tempe.
• According to residents of an upscale Malibu neighborhood, a Wells Fargo executive took
over a $12-million, beachfront home that the bank had recently foreclosed on, using it as a
weekend residence and for extravagant parties.
Back to Bonuses as Usual:
• Wells Chairman Richard Kovacevich was reluctant to partake in Paulson’s program to take
equity stakes in banks, which nominally placed limits on executive compensation.
• Unlike his colleagues at the other leading banks, Wells Fargo’s John Stumpf was the only
CEO of a leading bank who had not voluntarily agreed to forego his 2008 bonus before the
February 11th, TARP CEO Congressional hearing. His compensation for 2008 was valued at
• In 2008, Wells Fargo§§ earned only $2.7 billion in income; and yet it awarded its employees
$977.5 million in bonuses, and spent almost $13 billion on total compensation.
• In August 2009, Wells Fargo’s board authorized increases in annual base salaries for Stumpf
and three other senior executives, a practice already implemented by its peers to get around
limits on bonuses for TARP recipients.
• Wells Fargo and Wachovia have made themselves the beneficiaries on $17.8 billion in life
insurance policies for its employees and former employees. The bank gets annual tax-free
income from investments in the insurance contracts, helping to offset executive
compensation expenses, and then receives another tax-free windfall when employees and
former employees die
Unreasonable bank fees
• When often unknowing customers made charges or withdrawals that overdrew an account
Wells Fargo charged them up to $35 per transaction. As a result, if a customer incurs a $100
overdraft that remains unpaid for seven days, the APR on what amounts to a consumer loan
would be a staggering 1,820%. Also Wells reorders transactions in such a way to maximize fee revenue. Now, even as its competitors are overhauling their overdraft policies in advance
of regulatory reform, Wells refuses to follow suit. With federal legislation to curb overdraft
fees imminent, Wells Fargo recently announced that it will not charge customers who exceed
their funds by $5 or less, but anything above is still subject to existing terms.
• Wachovia, which is now owned by Wells Fargo, is already facing overdraft fee litigation by
irate customers in federal courts in Atlanta, Miami, Camden, N.J., and in the northern district
of California -- all of which are seeking class action status.
• A recent report by the Center for American Progress (CAP) examining bank lending practices
in 2006 (the height of the housing boom) reveals that Wells Fargo was much more likely to
steer Black and Latino applicants than White applicants into higher priced subprime
mortgages: 47.3% of Black borrowers and 26.0% of Latino borrowers compared to 16.7% of
• The CAP report also shows the racial disparity was even greater for high-income borrowers:
26.2% of Black high-income borrowers and 16.3% of Latino high-income borrowers
compared to 6.4% of White borrowers. The extent of the disparity and its continuation among
higher income earners raise questions about discrimination in the bank’s lending practices.
This practice is known as reverse redlining and is prohibited under the federal Fair Housing
• The NAACP brought a lawsuit against Wells Fargo and HSBC in March 2009, alleging
“systemic, institutionalized racism” in their subprime lending. According to the lawsuit, the
banks gave subprime rates to African-American borrowers even though they qualified for
better rates, and they gave better rates to white borrowers with similar credit histories. Wells
denies these allegations.
• In January 2008, the City of Baltimore filed a lawsuit against Wells Fargo, alleging that the
bank “targeted black neighborhoods for high-risk and unfairly priced loans,” according to the
Associated Press, leading to a concentration of Wells Fargo foreclosures in predominantly
African-American communities. In the spring of 2009, two former Wells Fargo employees
submitted affidavits detailing the operations and incentives in the practice, which employees
referred to as “ghetto loans.”
• In July 2009, the Illinois Attorney General filed another lawsuit accusing Wells Fargo of
discriminatory and deceptive mortgage lending practices. The lawsuit alleges not only that
race was a criteria for loan type, but also that Wells Fargo misrepresented the terms of the
loans and refinancing.
• In Los Angeles, a Superior Court judge recently certified a class action lawsuit alleging that
the Wells Fargo area manager denied minority applicants access to a special loan discount
program, costing them up to $10,000 in lost savings per loan.
• Wells Fargo is a major funder of the payday loan industry that preys on cash strapped
working families by providing short term loans with annual interest rates typically around
400%. Wells Fargo provides credit to six of the seven largest publicly traded payday lenders;
this credit is indispensable for the payday lenders’ operations.
• Wells Fargo also functions as a payday lender itself, despite the fact that regulatory agencies
have ruled against various forms of bank involvement in the industry on several occasions.
Since 1994, Wells Fargo has offered direct deposit cash advances that now have annualized
interest rates of 120%.
• Wells Fargo also helps to fund the merchant cash advance industry. Merchant cash advances
are a high cost form of financing to small businesses that is increasingly filling the credit
void at a time when banks have dramatically reduced their lending to small businesses.
Lobbying against workers and consumer interests
• Wells Fargo CEO John Stumpf sits on the board of directors and executive committee of the
Financial Services Roundtable, which lobbied against the Employee Free Choice Act in every
quarter of 2008 and has made joining with the U.S. Chamber of Commerce to defeat it a top
priority for 2009. The measure would make it easier for workers to bargain with employers for
better wages, benefits, and working conditions by ensuring that they can exercise a free choice
to join together in a union without management interference or intimidation.
• According to data obtained on Open Secrets, during 2008 and the first half of 2009, together
Wells Fargo and Wachovia spent $5.6 million on lobbying, of which $2.5 million was spent
during the three quarters since the bailout.
• Over the past two years the bank focused its lobbying on consumer issues like the mortgage
reform, foreclosure prevention, and anti-predatory lending (H.R. 3915, H.R.787, H.R. 3609,
S. 2636), as well as consumer overdraft and credit card protections (H.R. 946, H.R. 5546,
H.R. 1456, H.R.627, H.R.991, H.R.172.
† Does not include bonuses at Wachovia that was taken over by Wells Fargo.
‡ Before Wachovia merger
§ Includes bonuses at Wells Fargo for the last ten years ($156.8 million) and Wachovia for the last nine years ($98.1 million).
** Includes 18 Wells Fargo subsidiaries and 59 Wachovia subsidiaries.
†† Includes campaign contributions made by both Wells Fargo and by Wachovia during the 2008 federal election cycle. In both
cases, the contributions include those made by the banks’ political action committee and those made by their employees. Data
obtained from Open Secrets
‡‡ Combines lending by Wells Fargo and Wachovia.
§§ Before Wachovia merger
If you send mail to Copenhagen ABC the postage will be 98 cents.
You can also write emails to firstname.lastname@example.org and they will get to him that way!
in the spirit of "Bankrupt the System, Exploit The University", what do you think about taking them for every penny they'll willingly grant us, only to use the $ against them to fund the insurrection?
in other words, what do you think about a "movement", or rather an insurrectional tendency, for revolutionaries to bankrupt the system by extracting as much free money as possible without the intent to ever repay it?
Max out your credit cards, max out your student loans. Bankrupt the system that is bankrupting us!
The government has stolen generations of wealth from our parents, grandparents, and colonized people from around the world. Shouldn't we take back as much as they will "loan" us, and use it to destroy this system before it can steal even more?
Don't worry about credit scores or debt collectors. The liberation you can find in one another can destroy those things. We only need the time and space to make that liberation real. This money can help us get there together. And if it doesn't, who cares if you have a good credit score? YOUR LIFE IS GOING TO SUCK.
Everything for everyone! Communize the government's money! Destroy it's social sorting processes! Collapse privileges and create solidarities.
or would this still just help a bank like WF 'cause they still make money come out of thin air by lending regardless or whether or not it's ever paid back by the person who it was loaned to?
Fuck Wells Fargo and fuck GEO!
Smash it up!
PS: my captcha word was "shoplift_ng," it truely is a day for insurrection : )
Good Work But here is a Thought
Windows are easily replaced but fire works better I personaly would cheer to see it burn.
and burning prisons.
heard it all the way in denver. much love.
I'm still doing more research, but it sounds like if we get enough people (homeowner's) we can make them all step down. I have a few friends in different HOA across Colorado and they have all had problems with locally managed HOA's, what I would like to see happen is to be managed by an outside managing company. Get rid of the district delegates and run it like a normal business. ------------------------
It's a little cut off but if you drag it into your URL bar at the top of the page or right click on it and select "copy image location" and then type that in, it should work fine for ya.
Please print off and place in high-traffic areas, let's meet some new folks!
Fort Collins, Colorado celebrates the anniversary of the invasion of Iraq by breaking windows at a military recruitment center. Happy Anniversary! Last night People Against War broke three windows at a military recruitment center in Fort Collins, Colorado. We threw the stones in commemoration of 6 years of murder in Iraq. We wanted to celebrate with a bang! With a smash and a crash! Yup, we know this is a little action. Breaking a few windows is small resistance to the machinery of the state that's destroying millions of lives. But an anniversary's an anniversary and we wanted to celebrate! Military recruitment gets a big grin out of people losing jobs, cause there's ever more despair to feed off of. Even a few broken windows diverts time and money that would go to recruitment. By dedicated hosting company from USA
This is great, but shouldn't it be in the event section? Why is it here, and on the front page?
are you writing a letter yet?
... and should be changed to email@example.com
Oppose the legislative land exchange. The Archuleta BOCC is tentatively scheduled to vote on whether to support the Legislative Land Exchange at Wolf Creek on Tuesday, December 15th at 1:30pm at the County Court House BOCC public meeting The Commissioners have scheduled time into the meeting agenda for public comment on for more go to www.coloradowild.org