Occupy Wall Street's anger at banks stops at Amalgamated

The Occupy Wall Street movement has led many banks to hire extra security. According to an L.A. Times report Manhattan's Amalgamated Bank has rolled out the red carpet. The bank, owned by the Workers United labor union, has emerged as the unofficial financial institution of the anti-Wall Street movement. Even people who hate banks, it seems, need a bank.

Amalgamated is where the Occupy Wall Street finance committee 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.

But even banks trying to change the world get drawn into the less attractive corners of Wall Street. Amalgamated made some controversial investments…..

Find out more at http://www.latimes.com/business/la-fi-labor-bank-20111118,0,7382411.story