“I can’t understand why Wells Fargo can’t sue de Blasio for interfering with a legitimate business effort. A recall election would be ideal.”
If the people of New York City want to remove De Blasio, they can do so.
If the City of New York wants to divest from Wells Fargo, they can do so.
I see de Blasio’s effort against Wells Fargo the equivalent to throwing bricks through a branch’s windows because of their involvement with the Dakota Access Pipeline. There is motivation and there is harm. I see it as harm that could be the basis of a lawsuit.
I recall a disturbing incident many years ago where a black CA official, to promote the radical leftist agenda, described how they would use investments (or divestment) in CALPERs (the state pension fund) basically as a weapon. He openly stated that they no longer had to march or demonstrate anymore, as they controlled these funds.
The fact that nobody raised a peep when he stated this (again, openly) was very disturbing; American taxpayers aren’t funding these pension systems to create proxy forces for Al Sharpton. If De Blasio wants to end the city’s relationship with Wells Fargo Bank, let him show that it will have a positive impact on the city’s bottom line; otherwise, it is an outright abuse of power.
FWIW, I DESPISE Wells Fargo Bank.