6:02 PM, Jan 14, 2013 • By DANIEL HALPER
The Presidential Inaugural Committee announced today that "it will use Amalgamated Bank’s cash management services to handle most of its day-to-day banking needs for the 2013 Inaugural activities," according to a press release.
Amalgamated Bank is union-owned financial institution. "Established in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank continues the progressive traditions of its founders as the only union-owned bank in the United States. Chartered by New York State, Amalgamated Bank is an FDIC insured commercial bank with $4.2 billion in assets. The Bank's corporate divisions also include Commercial Banking and Real Estate Finance. Through its Investment Management Division, the Bank is also one of the leading providers of investment and trust services to Taft-Hartley plans in the United States," the bank's website reads.
In Washington, the bank is located on K Street.
It was also the bank Occupy Wall Street used to hold funds--and the bank provided the rogue movement other services, as well.
"Amalgamated is where the Occupy Wall Street movement has about $326,000 in donations deposited, or about two thirds of the total raised by the New York arm of the movement, according to its finance committee. When things have heated up, as they did when protesters were temporarily evicted early this week, the bank has provided support, including storage space and conference rooms, and has kept tellers around after hours when protesters needed money," the Los Angeles Times reported.
“We are proud to partner with Amalgamated Bank, an organization that shares our commitment to supporting America's working families and small businesses,” says the CEO of the Presidential Inaugural Committee. “Amalgamated’s reputation for strong customer service will be a valuable asset to the Committee as we work to host the historic second Inauguration of President Obama.”
1:12 PM, Sep 24, 2012 • By DANIEL HALPER
A report today in an official outlet of the Iranian regime claims that Mahmoud Ahmadinejad, the president of Iran, will meet with members of the Occupy Wall Street movement. Ahmadinejad is currently in New York City for the United Nations General Assembly, where these reported meetings will take place.
3:09 PM, Sep 17, 2012 • By MICHAEL WARREN
Massachusetts Democrat Elizabeth Warren turned down a cake celebrating the Occupy Wall Street movement's first birthday on Monday. Staffers from the state Republican party tried to hand her the cake at a press conference, the Boston Herald reports:
The Fed's policy is crony capitalism.9:50 AM, Sep 17, 2012 • By MICHAEL WARREN
Last week, Federal Reserve chairman Ben Bernanke announced the central bank would begin another round of quantitative easing, the term of art for the Fed's policy of purchasing securities in an attempt to stimulate the economy.
8:30 AM, Sep 17, 2012 • By DANIEL HALPER
The Massachusetts Republican party is wishing a happy birthday to the "Matriarch" of the Occupy Wall Street movement, Democratic Senate candidate Elizabeth Warren:
1:32 PM, Jul 30, 2012 • By MICHAEL WARREN
Massachusetts Democrat Elizabeth Warren says Wall Street types tell her she could "save capitalism" if she wins her race for U.S. Senate. Here's what Warren recently told a reporter, National Journal reports:
10:39 AM, Apr 21, 2012 • By DANIEL HALPER
An alarming news report from Iran's Press TV, a propaganda arm of the Iranian government, showing American professors gathering in Tehran to discuss the Occupy Wall Street Movement:
The professors interviewed on Press TV include Alex Vitale of Brooklyn College, Heather Gautney of Fordham University, and John Hammond of City University of New York.
9:31 PM, Mar 22, 2012 • By DANIEL HALPER
A group of Occupy Wall Street protesters recently decided to torment New York Police Department officers tasked with keeping the unruly group out of Union Square in New York City. First, the Occupiers threw a doughnut on a string to the men in blue standing shoulder-to-shoulder, yanking the doughnut back only to toss it again.
National Park Police tells Occupy DC they don't have to go home, but they can't stay here. 4:48 PM, Jan 30, 2012 • By ZACK MUNSON
I’m not sure you’ve heard, but freedom of the press is on the wane in the United States. Just last week the U.S. dropped 27 places in Reporters Without Borders’ annual Press Freedom Index, in large part due to the “many arrests of journalists covering Occupy Wall Street protests.” Apparently we now rank 47th in the world, just behind such noted champions of liberty as Hungary, Botswana, and South Africa.
10:09 AM, Jan 9, 2012 • By MICHAEL WARREN
There was something different about the rally on Sunday for Mitt Romney at Exeter High School. The signs, buttons, and campaign stickers were emblazoned with Romney’s name, but it was clear the former governor of Massachusetts was just the opening act at his own campaign stop. The real rock star, Chris Christie, was the evening’s main event.
9:05 PM, Jan 8, 2012 • By JONATHAN V. LAST
After bringing the baloney to Mitt Romney this morning, Newt Gingrich hosted a very special event: a “Hispanic Townhall Meeting” at Don Quijote’s, a Mexican-Caribbean restaurant in one of the city’s less charming neighborhoods.
When it comes to defending private enterprise, Wall Street is its own worst enemy.Jan 16, 2012, Vol. 17, No. 17 • By IRWIN M. STELZER