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'Government Sachs' Protest Inside Goldman’s New York HQs

January 5, 2017

Interesting:  Goldman even has ties to incoming SEC Chair Jay Clayton.

 

Protesters filled the lobby of Goldman Sachs’ New York headquarters on Wednesday, yelling chants and waving signs, in opposition to the firm’s growing influence in President-elect Donald Trump’s administration. Some 40 protesters reportedly entered Goldman’s lobby and were ejected, in some cases physically. Roughly half that number of people can been seen participating in a video of the rally posted on Facebook.

 

The activists criticized Goldman’s role in the U.S. housing crisis and the long history of its former executives taking senior posts in government. The video shows protesters shouting, holding banners and blocking turnstiles in the lobby. An officer can be seen confiscating a black banner with the words “Government Sachs,” and later he pushes some protesters through an open door.

 

The group vowed to return on January 17.

 

GOLDMAN’S TIES TO JAY CLAYTON, INCOMING SEC CHAIR.    The protest came on the same day that Donald Trump said he would nominate Jay Clayton, a Sullivan & Cromwell partner with close ties to the investment bank, to lead the SEC. Clayton has done work for Goldman Sachs, and his wife, Gretchen, is a wealth manager at the bank.

 

While Trump derided Wall Street and singled out the firm as a symbol of greed during his campaign, he’s tapped several its alumni to help lead the government:  Steven Mnuchin, a former partner at the bank, to be Treasury secretary;  Goldman Sachs President Gary Cohn for the top White House economic post;  and, Stephen Bannon as chief strategist.