A MUST WATCH VIDEO REPORT
Goldman Sachs v. Occupy Wall Street: A Greg Palast Investigation
A controversy in the banking community has arisen around the Occupy Wall Street movement. Greg Palast investigates the story behind Goldman Sachs’ recent decision to pull out of a fundraiser for the Lower East Side People’s Federal Credit Union in New York City after it learned the event was honoring the protesters at Occupy Wall Street. The investment bank withdrew its name from the fundraiser and also canceled a $5,000 pledge. Was the $5,000 a Goldman Sachs donation or actually American taxpayer bailout money Goldman set aside for community banks? [includes rush transcript]
Goldman Sachs picks a fight with one of New York City's smallest banks (credit union) serving those rejected by the Too Big To Fail Big Guys.
If you earn less then $35,000 per year, live in section 8 housing or just not part of the ever diminishing middle class then you can't open an account at most of the Big Box banks. But they will send you down the street to a small credit union serving this community exclusively.
An investigative report by BBC reporter Greg Palast direct from the streets of New York and the grounds of the Occupy Wall Street protests.
His investigation reveals the true demonic nature of Goldman Sachs using taxpayer money against the rules by which they acquired them.
This revealing video is a MUST WATCH.
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