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


Wednesday, December 6, 2017

By Greg Palast

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.

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.

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