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Goldman Sachs, arguably the most storied investment bank on Wall Street, has been compared to a money-sucking vampire squid and called the evil empire of finance. On Wednesday it got an entirely different kind of black eye — delivered by one of its own.
Greg Smith, an executive director at the bank, resigned with a blistering editorial that accused the bank of losing its "moral fiber," putting profits ahead of customers' interests and dismissing customers as "muppets."
The decline of the bank's culture, he wrote, threatened the bank's survival after 143 years.
The stinging editorial, "Why I Am Leaving Goldman Sachs," which appeared in The New York Times, was the talk of Wall Street. Smith became a trending topic on Twitter.
CNBC ran clips of the ornery balcony critics from "The Muppet Show." Other websites quickly posted spoofs: "Why I am leaving the Empire," allegedly penned by Darth Vader from "Star Wars," was one getting attention.
Goldman swiftly issued a three-sentence statement disagreeing with Smith. "In our view," the bank said, "we will only be successful if our clients are successful. This fundamental truth lies at the heart of how we conduct ourselves."
www.nbcnewyork.com...
Goldman has been quick to push back on Smith’s claims, portraying him as just a disgruntled employee. Some employees told Fox Business’ Charlie Gasparino that Smith doesn’t know what he’s talking about because he “never made more than $750,000 a year.”
What a load of pre-packaged, multimillion dollar Madison Ave bull ship! This apologist a-hole parachutes away with untold millions of dollars he ripped off his muppets. If he were being sincere, which he obviously is not, he would have offered to donate his ill-gotten goods from participating in the single most evil, destructive, manipulative disease to ever infect our planet. Sure Bozo, you never saw any crimes being committed, you lying sack of skata. We are simply suffering from a case of misplaced values. Everything will be just fine once we get rid of two individuals. I say tell it to a judge and tell it to God. Goldman Sachs/Federal Reserve/Rothchilds is responsible for more pain and human suffering than Hitler, Stalin and Pol Pot multiplied by Hirohito and the Bush crime syndicate. Go to Hell and don't ask me for some crumbs or a glass of water you filthy hypocrite.
Originally posted by zarp3333
What a load of pre-packaged, multimillion dollar Madison Ave bull ship! This apologist a-hole parachutes away with untold millions of dollars he ripped off his muppets. If he were being sincere, which he obviously is not, he would have offered to donate his ill-gotten goods from participating in the single most evil, destructive, manipulative disease to ever infect our planet.
Sure Bozo, you never saw any crimes being committed, you lying sack of skata. We are simply suffering from a case of misplaced values. Everything will be just fine once we get rid of two individuals.
I say tell it to a judge and tell it to God. Goldman Sachs/Federal Reserve/Rothchilds is responsible for more pain and human suffering than Hitler, Stalin and Pol Pot multiplied by Hirohito and the Bush crime syndicate.
Go to Hell and don't ask me for some crumbs or a glass of water you filthy hypocrite.