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Tuesday 25 October 2011
by: Amy Goodman, Democracy NOW! [3] | Interview
http://www.truth-out.org/goldman-sachs-v-occupy-wall-street-greg-palast-investigation/1319564419
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?
Guest:
Greg Palast, investigative reporter with the BBC and author of the books Armed Madhouse and The Best Democracy Money Can Buy.
Amy Goodman: We turn now to a controversy in the banking community around the Occupy Wall Street movement. Recently, the financial giant Goldman Sachs pulled out of a fundraiser for a small Lower East Side bank that caters to poor people 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.
But did Goldman Sachs actually use U.S. taxpayer bailout money to attack Occupy Wall Street’s not-for-profit community bank? Investigative reporter Greg Palast filed this report from Wall Street.
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