Goldman Sachs Threatens Small Community Bank For Banking With OWS Protestors

[Huey P. Long]

Posted on November 2, 2011

Last week, Democracy Now! and The Guardian ran our story about Goldman Sachs yanking financial support from a community credit union for honoring one of its largest customers. The customer: Occupy Wall Street.

Our report so enraged Goldman that, within days, it doubled down on its attack on the little community bank.

Goldman had already demanded the return of its $5,000 payment to the Lower East Side Peoples Federal Credit Union. Now, sources say, the trillion-dollar Wall Street mega-bank sent the following message to the not-for-profit community bank: ”You will never get a dime from any bank ever again.”
About those ”dimes” Goldman is taking away: They come from you and me, the taxpayers who put up billions into the Troubled Asset Recovery Plan (TARP), usually known as the Bank Bail-Out Fund.

For Goldman to suck its $10 billion from the TARP trough, Goldman had to change from investment bank to commercial bank. This change makes Goldman subject to the Community Reinvestment Act (CRA) and requires it by law to pay back a notable portion in funds for low-income communities, abandoned by the big banks.

FULL-
http://www.moneytrendsresearch.com/goldman-sachs-threatens-small-community-bank-for-banking-with-ows-protestors/

[Tippy]

1. K&R

[Lint Head]

2. This is absolutely incredible. The OWS movement is working by showing the bastards

for what they really are. Bullies!

[truedelphi]

7. Yep, bullies they are, and bullies they will be, until we get

The Constitutional Amendment stating that Corporations are not People, nor are they worthy of "Personhood." I am very glad that is one of the goals that OWS has.

[Huey P. Long]

10. Yup. Make them 'de-cloak' and show themselves. -eom

[marmar]

3. Goldman Sachs needs to be thinned from the herd.

nt

[hifiguy]

8. Permanently. nt

[truebrit71]

14. Amen...

..evil fucking bastards that they are..

[hifiguy]

15. If any business ever deserved the corporate death penalty

it is Goldman. Close it down, demolish the building, plow the ground with salt and lime. Disperse the vampire squid to the winds.

[closeupready]

4. If true, you know they can make good on that because

so many of their former people run the government, the Fed, etc.

[firehorse]

5. OMG -- that's my little credit union.

They hire locals in the neighborhood and have been a great supporter of small local businesses. I dropped Chase and went to this credit union and they offer free checking, no minimums.

This is unbelievable. I'm going to go there tomorrow and ask them to please keep supporting OWS and not to cave in.

ETA: You know what they also do, they invite their customers to local block parties. These parties are on the street with the people who live in the neighborhood. They are not black tie events with catering and champagne. But I love it, Chase never invited me to a block party to meet the neighbors.

[Fire Walk With Me]

6. ...

:thumbsup:

[meow2u3]

9. Extortion attempt, pure and simple

Filthy, criminal pigs! How many Mafiosi does Goldman Sucks have on its payroll?

[Huey P. Long]

11. This needs more exposure, imo.

[barbtries]

12. i agree

i barely found it here. will click on link and share.

[Huey P. Long]

13. Thank you! -eom

[Juneboarder]

16. Send LESPFCU an email in support!

Main Branch
37 Avenue B
New York, NY 10009-7441
Email: [e-mail]
Phone: [phone]
Fax: [phone]

Just sent an email myself :)

[Uncle Joe]

17. Kicked and recommended for the Lower East Side Peoples Federal Credit Union, keep up the good fight.

Goldman Sachs can go to corporate hell and should be broken up for becoming a trust, ”You will never get a dime from any bank ever again,” I hope there is a recording of that message.

Thanks for the thread, Huey P. Long.

[woo me with science]

18. K&R Spread this far and wide.

People need to see these thugs for what they are.

[Huey P. Long]

19. Yes, spread far and wide!