Wells Fargo Rejected Half Its Black Applicants in Mortgage Refinancing Boom

Gunnar Larson g at xny.io
Fri Mar 11 10:21:32 PST 2022


This email presents facts and figures coordinating systematic racism
associated with PayPal's conditional bitlicense award. Both PayPal and
Wells Fargo have partnered to organize a clear scheme to profit off of New
York's minority population, according to the numbers.

New York State is choosing to ignore the relevant facts associated with
this matter. Furthermore, note the New York State Retirement Fund market
value investment in the associated scheme.

*March 11, 2022:* Today Bloomberg reported that Wells Fargo approved fewer
than half of Black applicants were approved by the biggest bank mortgage
lender:
https://www.bloomberg.com/graphics/2022-wells-fargo-black-home-loan-refinancing/

*August 19, 2021:* Wells Fargo Launches Passive Bitcoin Fund for Wealthy
Clients, minority and low income clients excluded:
https://www.nasdaq.com/articles/wells-fargo-launches-passive-bitcoin-fund-for-wealthy-clients-2021-08-19

*October 22, 2020: *PayPal first to receive NY conditional virtual currency
'Bitlicense.' PayPal Inc. became the first firm to receive a conditional
virtual currency license from the New York State Department of Financial
Services*: *
https://today.westlaw.com/Document/Ib5cd5e2f149c11ebbea4f0dc9fb69570/View/FullText.html?transitionType=Default&contextData=(sc.Default)&VR=3.0&RS=cblt1.0

*July 23, 2021, Wells Fargo Stock Ownership: *

Ownership (NYS:WFC)

Total Shares Outstanding
13F Ownership
# of 13 Holders
Insider Ownership
4,107,998,274.00 77.05% 2,062.00 0.12%
Top 10 13F Holders

13F Holders
% Total Shares Held
% of Portfolio
Trend Prev. 8 Quarters
Current Shares
Market Value (B), USD
New York State Common Retirement Fund 0.26% 0.46% 10,617,151 $414.81M
New York State Teachers Retirement System 0.13% 0.44% 5,219,084 $203.91M
Bank of New York Mellon Corp 0.77% 0.25% 31,624,345 $1.24B

*July 23, 2021, PayPal Stock Ownership: *

Ownership (NAS:PYPL)

Total Shares Outstanding
13F Ownership
# of 13 Holders
Insider Ownership
1,174,728,054.00 86.69% 2,661.00 6.11%
Top 10 13F Holders

13F Holders
% Total Shares Held
% of Portfolio
Trend Prev. 8 Quarters
Current Shares
Market Value (B), USD
Bank of New York Mellon Corp 0.97% 0.57% 11,452,187 $2.78B
Goldman Sachs Group Inc 0.64% 0.46% 7,554,169 $1.83B
Wells Fargo & Co 0.64% 0.41% 7,465,572 $1.81B
New York State Common Retirement Fund 0.20% 0.62% 2,317,196 $562.71M
New York State Teachers Retirement System 0.13% 0.80% 1,521,757 $369.54M
-- 
*Gunnar Larson - xNY.io <http://www.xNY.io> | Bank.org <http://Bank.org>*
MSc
<https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&utm_medium=Search&utm_campaign=MSc-Digital-Currency-North-America&utm_term=blockchain%20unic&gclid=Cj0KCQiAyJOBBhDCARIsAJG2h5ctwwMz0MRbVSk-LaYD-GMU5UgDSw7ynxbGr_a7SkaFAZzJc1-pzxEaAi4NEALw_wcB>
- Digital Currency
MBA
<https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovation-mba-1-5-years-or-3-semesters/>
- Entrepreneurship and Innovation (ip)

G at xNY.io
+1-646-454-9107
New York, New York 10001
-------------- next part --------------
A non-text attachment was scrubbed...
Name: not available
Type: text/html
Size: 25622 bytes
Desc: not available
URL: <https://lists.cpunks.org/pipermail/cypherpunks/attachments/20220311/21ebf693/attachment.txt>


More information about the cypherpunks mailing list