Occupy Wall Street at Goldman Sachs, Crooks and Thieves Protected by Police
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Uploaded by InnerCityPress on Dec 12, 2011
Occupy Wall Street at Goldman Sachs, Crooks and Thieves Protected by Police
By Matthew Russell Lee http://www.innercitypress.com/ows2gs121211.html
BATTERY PARK CITY, December 12 -- As police stood off in front of Goldman Sachs with Occupy Wall Street protesters, ultimately making arrests, the crowd chanted "Crooks and thieves, protected by police." A mock press conference was held, in which faux reporters holding Fox News signs asked a woman dressed as a squid about Goldman Sachs' business. When a final question asked about billions of dollars in bonuses Goldman has paid its executive after receiving bail out funds, the squid refused to answer. The crowd chanted, "Calamari." Inner City Press was threatened with arrest by the police. Even before the financial meltdown in 2008, Bronx-based Fair Finance Watch had protested Goldman Sachs applications for regulatory approval, based on Goldmans' support for and securitization of predatory mortgage loans. When Goldman wanted a bail out, it was allowed by the Federal Reserve to form a bank on an emergency basis to receive the money, without any public comment. Inner City Press has asked senior Fed officials about this, only to be told they think that the time to review banks' Community Reinvestment Act record is not during mergers. But that's the only enforcement of the CRA.
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