Published: October 26th 2011 - at 10:18 am

Watch: Goldman Sachs vs #OccupyWallStreet


by Newswire    

A controversy in the US banking community has arisen around the Occupy Wall Street movement.

The investigative reporter Greg Palast filed this report for Democracy Now! looking at Goldman Sachs’ recent decision to pull out of a fundraiser for a small Credit Union bank 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 cancelled a $5,000 pledge.

Palast explains that while in the past financial institutions like Goldman Sachs have supported credit unions, now they must prepare for backlash from the Occupy Wall Street protesters, many of which plan to withdrawal their funds from major banks and place them in community banks and credit unions on November 5th.

Watch


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