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Denver Marchers Protest Wells Fargo Bank

DENVER (CBS4/AP) – More than a thousand people marched through downtown Denver to protest Wells Fargo bank, saying it has a lower federal tax rate than many working-class taxpayers.

Police blocked traffic from streets in the marchers’ path from a Wells Fargo building to the Colorado Convention Center a few blocks away.

The marchers chanted, “Pay your fair share.” The protesters did not try to enter the bank, which locked its doors.

The protest was staged by a coalition of left-leaning groups including representatives from the Colorado AFL-CIO, the Sierra Club and ProgressNow Colorado.

“We’ve got to turn things around. I really hope that the people are speaking out and that the people want to see their communities be successful and not have them pay only 3.5 percent of their taxes and not have everyone else is pay their fair share,” Linda Mulligan with the AFL-CIO said.

“We are doing our fair share and we are paying taxes that we owe and we will continue to listen,” Cristie Drumm with Wells Fargo said.

The protesters also accuse the bank of improperly foreclosing on some homes.

Wells Fargo has been a frequent target lately of protest from left-leaning activists. The bank has said the protesters’ ire is misplaced.

(TM and © Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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