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NYC Protesters March on Goldman Sachs, JPMorgan for Trump Ties
Protesters marched on Goldman Sachs' headquarters in New York on Tuesday in a rally against Wall Street's involvement in President Donald Trump's administration.
Activists from grassroots anti-"swamp" movements Government Sachs and Resist Here railed against Goldman and JPMorgan Chase for their role in the White House's mission to loosen federal regulations on banks. Members of New York Communities for Change, the Working Families Party and the Hedge Clippers also protested.
The demonstration was organized as a part of #ResistTrumpTuesdays, a weekly event organized by Resist Here that began in December.
Marchers condemned the banks' influence on the current administration after then-candidate Trump's calls on the campaign trail to "drain the swamp," or clean the federal government of corrupt influence.
Trump used the phrase time and again to signal a change from business as usual in Washington. But protesters said that very "swamp" has taken over Trump's White House.
Renata Pumarol, 32, a protest organizer with New York Communities for Change, decried Trump's Wall Street ties, telling CNBC that a regulation rollback could put the average citizen in harm's way.
"Trump is making it easier for these bankers, for Goldman Sachs, for Chase, to keep robbing ... America," Pumarol said. "We think this is outrageous that he's ... giving (JPMorgan Chase CEO) Jamie Dimon the power to roll back Dodd-Frank, which was basically set in place to protect us."
On Friday, Trump said "there's nobody better" than Dimon to consult about financial regulation.
Ahead of the protest, Goldman Sachs said: "We respect every individual's rights to assembly and free speech in accordance with laws."
