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Palast writes: "Medal of Honor for the Lower East Side People's Federal Credit Union - the poor people's non-profit bank that's suing Donald Trump over the illegal seizure of the Consumer Financial Protection Bureau (see story). This is the same little bank that took on Goldman Sachs (see my Democracy Now! report above) and kicked ass."

Investigative reporter, Greg Palast. (photo: BBC)
Investigative reporter, Greg Palast. (photo: BBC)

Poor People's Non-Profit Bank Sues Trump Over Illegal Seizure of Consumer Financial Protection Bureau

By Greg Palast, Greg Palast's Website

08 December 17


edal of Honor for the Lower East Side People’s Federal Credit Union — the poor people’s non-profit bank that's suing Donald Trump over the illegal seizure of the Consumer Financial Protection Bureau (see story). This is the same little bank that took on Goldman Sachs (see my Democracy Now! report above) and kicked ass.

Willie Sutton robbed banks — Trump is worse — he’s letting the banks rob their customers. The CFPB is trying to corral the pay-day check cashing predators. Trump wants to continue the shake-down and give the jackals a tax break. By suing Trump, New York’s Lower East Side People’s Federal Credit Union is making itself a target of the entire Trump regime and its rightwing Brownshirts.

Our response, don't just stand by the credit union, become a member. Pull your cash away from the banker snakes that bite you and deposit your funds in a non-profit credit union that protects you. If you’re in New York, open an account at the People’s Federal Credit Union — open to all small businesses and most residents of the city. Even better, GET A LOAN from People’s — banker for Occupy Wall Street — so you don’t get ripped off — and your funds go to the resistance.

[Disclosure: The CEO of the Peoples bank is my dearly beloved ex. But that's another story.]

Before turning to journalism as an investigative reporter for The Guardian and BBC Television, Greg Palast was an investigator of fraud and racketeering for governments and labor unions worldwide. His investigations have appeared in Rolling Stone, Harper's and New Statesman. Known as the reporter who exposed how Katherine Harris and Jeb Bush purged thousands of Black voters from Florida rolls to steal the 2000 election for George Bush. Palast has written four New York Times bestsellers, including Armed Madhouse, Billionaires & Ballot Bandits, and The Best Democracy Money Can Buy, now a non-fiction movie. your social media marketing partner


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+15 # Salburger 2017-12-08 10:39
+13 # PCPrincess 2017-12-08 11:08
Absolutely! We moved our money, little bit that it is, to a credit union a couple of years ago and will never go back. The obvious benefits of reduced or no fees is a no-brainer, but it is also the little things; for example, my branch at EECU has a FREE change-machine for us to turn loose change into dollars. They treat us as family.

Screw the big banks!
+15 # chrisconno 2017-12-08 11:35
I live in Washington state but hope this article reaches its intended audience. What a great way to resist the growing slime of the fascists. Trump is on a search and destroy mission against anyone who doesn't worship money, no matter how much blood is on it. He and his cabal must be stopped before there is nothing left to save.
+16 # bardphile 2017-12-08 11:55
The little bank that could. I love it!
+6 # DongiC 2017-12-09 09:01
Thank god for banks like this. I love it too and wish them the greatest success. It's a financial rendition of David and Goliath!
+1 # Jim Young 2017-12-11 01:36
Also, despite what Sarah Huckabee Sanders says, all "banks" don't require you to sign up for binding arbitration in the fine print.

Many small banks (and Credit Unions), don't require you to sign your rights away.

We dumped Bank of America years ago to go to a Credit Union.

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