Anti-Trump Demonstrators Camp Out at Goldman Sachs (NYSE GS)
Tuesday, dozens of protesters gathered outside of Goldman Sachs Group (NYSE:GS) to rally against President Eect Donald Trump’s picking several former executives of the iconic Wall Street bank for Top Administration slots/
Some of the 50 or so protesters wore Swamp Monster masks in reference to Donald Trump’s vow to “drain the swamp” that he said Washington has become and get rid of special interests. About 20 of them brought sleeping bags, intending to camp outside 200 West Street until Donald Trump’s Inauguration on Friday.
Goldman Sachs security guards sent employees and guests to entrances on the North side of the building on the rainy evening as protesters unrolled green sleeping bags on the southwest corner.
A Goldman Sachs spokesperson said the bank respects “every individual’s rights to assembly and free speech.”
She declined to comment on the protesters’ objections to Donald Trump’s nominations of ex-Goldman employees including Steve Mnuchin, Trump’s pick to lead the US Treasury Department.
Others include Gary Cohn, who had been COO before becoming Trump’s economic adviser, and Dina Powell, who left her position as Goldman’s head of philanthropic investing to do the same.
Goldman Sachs is seen as Wall Street’s most prestigious and profitable bank.
But in the aftermath of the Y 2008 financial crisis, Goldman instead found itself blamed by politicians and activists for profiting from the implosion of the mortgage market.
In response, the bank embarked on a public relations campaign to clean up its image and launched initiatives to help small businesses, prisoners and female entrepreneurs. But the number of Trump appointments has renewed some of public contempt it received during the Occupy Wall Street protests in Y 2011.
“We’re here to make sure that people realize that Goldman Sachs is running our government,” a rally organizer said.
GS stock has risen over 30% since the November 8th election.
|NYSE:GS||235.74||17 January 2017||-8.56||242.94||243.06||235.61||6,272,600|
|HeffX-LTN Analysis for GS:||Overall||Short||Intermediate||Long|
|Neutral (0.24)||Neutral (0.05)||Neutral (-0.01)||Very Bullish (0.67)|