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The NAACP and Wells Fargo: What’s Wrong with this Partnership?

My Photo

Faye Anderson

The NAACP is the nation’s oldest civil rights organization. I have known just about every chief executive officer since the 1980s, from the late Ben Hooks to Ben Jealous.

Some longtime Board members are also longtime friends and colleagues.

I attended the NAACP’s Civil Rights School at Harvard Law School in 2007.

Still, I have been called a hater for pointing out that Wells Fargo is a lead sponsor of the NAACP’s 101st annual convention.

NAACP Convention Banner - 5.1.10

Whatever. It’s not what they call you, it’s what you answer to. And as sports agent Scott Boras famously observed:

If you are really effective at what you do, 95 percent of the things said about you will be negative.

I have been writing about the subprime mortgage crisis for quite a while. I’ve also organized housing symposia and policy sessions for the National Black Caucus of State Legislators.

Study after study after study shows African Americans were targeted by subprime lenders.

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