N.J. Citizen Action Plans Picket Of Goldman Sachs

NJBIZ — Tuesday, November 24, 2009

By João-Pierre Ruth

New Jersey Citizen Action said it would picket the Jersey City offices of The Goldman Sachs Group Inc. on Tuesday morning. The watchdog group said it wants the bank holding company to stop paying big bonuses to its staff. The organization also said it wants Goldman Sachs to stop its financial backing of a lobbying effort to halt financial reform.

New Jersey Citizen Action said it wants Goldman Sachs to give its $23 billion in total bonuses to foreclosure prevention programs instead. New Jersey Citizen Action also said it wants the firm to increase lending to support job creation.

Last week, the firm — which has faced public mistrust in the wake of the financial meltdown — launched a $500 million venture to encourage small-business growth.

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