Credit union flap may reveal Goldman Sachs is bullying community banks

[lonestarnot]

When it was announced recently that Goldman Sachs had withdrawn its sponsorship of the small community bank at which Occupy Wall Street had set up an account for its donations, it appeared to be merely a petty act of vindictiveness.

According to investigative reporter Greg Palast, however, the motivations go much deeper and may involve that Goldman Sachs is misusing TARP bailout funds as a “political weapon” to bully smaller banks.

Back in 2008, Goldman Sachs received $10 billion from the US Treasury under the TARP program that had been established to bail out failing commercial banks. The firm was neither failing nor a commercial bank, but the Secretary of the Treasury at that time, Henry Paulson, was a former Goldman Sachs chairman, and that was sufficient.

http://www.rawstory.com/rs/2011/10/28/credit-union-flap-may-reveal-goldman-sachs-bullying-community-banks/

[cutlassmama]

1. Greg Palast is an awesome reporter. He'll get to the bottom of this and expose

GS for what they are.

[femrap]

2. The Goldboyz

deserve imprisonment. A $10 billion heist of our money.

[BrendaBrick]

3. K & R Thank you for posting this!!!

This is very important! Excellent reporting by Palast on Democracy Now! and something well worth keeping track of!!! Cross-referenced in Political Videos here:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x628451