Goldman Sachs Backs Out of Fundraiser to Help Poor

The kicker is, Goldman Sachs backed out of a fundraiser to help the poor in New York because one of the honorees was Occupy Wall Street. I understand if Goldman didn't want to attend the dinner. At the very least, Goldman could've made the donation it pledged. But it opted to do the most childish and scummy thing. I suppose the company is just living up to its reputation.

Earlier this month, hundreds of New Yorkers received an unusual dinner invitation from the Lower East Side People's Federal Credit Union.

The Credit Union, a small lender serving New York's poor, was holding a fund-raiser to celebrate its 25th anniversary. Among the chief sponsors listed on the invitation was Goldman Sachs Group Inc.

Among the honorees: "Occupy Wall Street."

They might as well have asked Marie Antoinette to dig into her purse to support Madame Defarge's knitting business.

Shortly after the invitation was sent out, Goldman withdrew its name from the dinner. It also pulled the plug on its $5,000 funding pledge. WSJ