Maynard Institute
Commentator Tavis Smiley said Friday he has severed all ties with Wells Fargo & Co., owner of Wells Fargo Bank and Wells Fargo Home Mortgage Inc., until charges that the company unfairly steered African American borrowers into costly subprime mortgages are resolved.
Wells Fargo sponsored Smiley’s radio show on Public Radio International, and underwrote the annual C-Span-televised “State of the Black Union” conference that Smiley organizes. Smiley’s foundation also distributed Wells Fargo materials to young people at foundation events, he told Journal-isms.
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“I cut everything off with Wells Fargo,” Smiley declared. He said the move cost “a lot of money”; he said he did not know how much. More…