'Keep Dodd-Frank!' Goldman Sachs Targeted in Anti-Trump Protest

Nelini Stamp of the Working Families Party, speaks to demonstrators in front of the Goldman Sachs building on West Street. The demonstration, organized by the Working Families Party along with New York Communities for Change, was part of Resist Tuesdays, a campaign that began in December to oppose Trump's appointments to his administration. Photo: Carl Glassman/Tribeca Trib

Feb. 08, 2017

Some 150 demonstrators marched to the Goldman Sachs tower in Battery Park City Tuesday evening to protest President Trump’s executive order that would scale back regulations on the banking industry

“Keep Dodd-Frank! Keep Dodd-Frank!” the demonstrators chanted as they rounded the corner from Murray Street into Goldman Alley, their voices echoing loudly outside the financial giant’s global headquarters. With dozens of police looking on, the marchers—carrying a large “Government Sachs” banner—continued to Vesey Street where they stopped to listen to speeches. Along with demands to preserve the legislation put in place after the 2008 financial crisis, the protestors decried Trump’s appointments of ex-Goldman Sachs executives to his administration.

“Now we have former employees like Steve Bannon, like Gary Cohn, like Steve Mnuchin, shouted Nelini Stamp of the Working Families Party, who helped organize the march. “Goldman thinks they run us!”

Trump has said his administration expects to “cut a lot” out of the bipartisan Dodd-Frank Act of 2010, which was meant to prevent another banking crisis. “I have so many people, friends of mine, with nice businesses, they can’t borrow money,” Trump said in explaining his desire to loosen reins on the finance industry, “because the banks just won’t let them borrow because of the rules and regulations and Dodd-Frank.”