Why I Am Leaving Goldman Sachs

Originally posted by jws43yale

Originally posted by sheepslayer247.....let alone an Exec. Director of a division in GS!

Just to clear up any confusion "Executive Director" doesn't mean all that much at GS. An ED is the same as a VP for non-US client facing business and isn't all that high up the food chain. Not to say the letter didn't have good points but in a 12 year career at GS, this guy should at least be an MD if not a partner. He is not the "Director of a Division". In fact he is junior to ~475 partners and likely 1000+ MDs.

He is 12 years into his career and has likely spent 5 to 6 years as an ED when you normally get promoted to MD after 3 years. In all honesty it sounds bit like this guy was unhappy that he had gotten stuck with no chance for promotion.

This article provides a bit better overview of the realities of this guy: dealbreaker.com...

Page not found... Aww, too bad the vulture wasn't getting what he wanted so he quit, one of the same that reflects the company...

&

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.

Best reply yet. With that about sums up what I'd say!

See Andy Borowitz's "A Response from Goldman Sachs" for more insight.

At Goldman, we pride ourselves on our ability to scour the world’s universities and business schools for the finest sociopaths money will buy. Once in our internship program, these youths are subjected to rigorous evaluations to root out even the slightest evidence of a soul. But, as the case of Mr. Smith shows, even the most time-tested system for detecting shreds of humanity can blow a gasket now and then. For that, we can only offer you our deepest apology and the reassurance that one good apple won’t spoil the whole bunch.

I love his stuff.

We need 1000 of these!!

Why i am leaving monsanto
Apple
Ge
Chipotle
Mcdonalds
Bank of america

Did i mention monsanto!!!

Come on folks!!!

They're running the playbook by trying to discredit this guy.

A guy they once trusted with a trillion dollars.

Just think about that, and he wasn't fired, he quit.

reply to post by soficrow


Now that we know the Federal Reserve is a privately owned, for-profit corporation, a natural question would be: who OWNS this company? Peter Kershaw provides the answer in "Economic Solutions" where he lists the ten primary shareholders in the Federal Reserve banking system.

1) The Rothschild Family - London 2) The Rothschild Family - Berlin 3) The Lazard Brothers - Paris 4) Israel Seiff - Italy 5) Kuhn-Loeb Company - Germany 6) The Warburgs - Amsterdam 7) The Warburgs - Hamburg 8) Lehman Brothers - New York 9) Goldman & Sachs - New York 10) The Rockefeller Family - New York
Now I don't know about you, but something is terribly wrong with this situation. Namely, don't we live in AMERICA? If so, why are seven of the top ten stockholders located in FOREIGN countries? That's 70%! To further convey how screwed-up this system is, Jim Marrs provides the following data in his phenomenal book, "Rule By Secrecy.
" He says that the Federal Reserve Bank of New York, which undeniably controls the other eleven Federal Reserve branches, is essentially controlled by two financial institutions:
1) Chase-Manhattan (controlled by the Rockefellers) - 6,389,445 shares - 32.
3%
2) Citbank - 4,051,851 shares - 20.
5%
Thus, these two entities control nearly 53% of the New York Federal Reserve Bank. Doesn't that boggle your mind? Now, considering how many trillions of dollars are involved here, and how the bankers are WAY above our "selected" officials in Washington, D.C., do you think the above-listed banks and families have an inordinate amount of say-so in how our country is being run? The answer is blindingly apparent.

Where does the money come from?
We all know that the Federal Reserve CORPORATION prints money - then loans it, at interest, to our government. But wait until you see what a total scam this process is. But before we get to the meat of this issue, let's remember one thing about the very essence of banking - primarily that money should have some type of standard upon which its value is based. In the case of America, we operate on what is called a "gold standard" (i.e. our money is backed by gold).

So, with that in mind, let's look at how money is actually created, and at what cost. If the Federal Reserve wants to print 1,000 one-hundred ($100) bills, their total cost for ink, paper, plates, labor, etc. would be approximately $23.00 (according to Davvy Kidd in "Why A Bankrupt America"). Now, if you do the math, the total cost of 10,000 bills would be $230.00 ($.023 x 10,000). But, and here's the catch - 10,000 $100 bills equals $1,000,000! So, the Federal Reserve can "create" a million dollars, then LEND it to the U.S. Government (with interest) for a total cost of $230.
00! That's not a bad deal, huh!
The banking industry calls this process "seignorage." I call it outright THEFT. Why? Well, regardless of the immense profit margin ($1,000,000 for $230), plus the huge interest payments, our government then needs to STEAL the American people's money to payoff their debts via a Mob-like agency called the IRS. So the bankers steal from the government, then the government turns around and steals from the people. I'm no genius, but who do you think is getting screwed in this process? US - the people at the bottom rung of the ladder.

What's worse is that - now catch your breath - there's NO MORE gold left in Fort Knox! It's all gone. In other words, the GOLD STANDARD that our financial system was based upon is now an illusion. We can't convert our money into gold --- only other currency. The entire underlying basis for our money is now a lie - a sham. The Federal Reserve has become so arrogant that they've become a literal MONEY MAKING MACHINE, creating currency out of thin air! So that's where the Fed gets their money - they literally make it, then lend it to us so they can make even MORE money off of it.

Money As A Religion
The above-detailed process has become so ridiculous that William Grieder, former assistant managing editor of the Washington Post, wrote a book in 1987 entitled, "Secrets of the Temple: How the Federal Reserve Runs the Country" that details how the Controllers have conditioned us to accept this absurd situation.

To modern minds," he writes, "it seemed bizarre to think of the Federal Reserve as a religious institution. Yet the conspiracy theorists, in their own demented way, were on to something real and significant. The Fed did also function in the realm of religion. Its mysterious powers of money creation, inherited from priestly forebears, shielded a complex bundle of social and psychological meanings. With its own form of secret incantation, the Federal Reserve presided over awesome social ritual, transactions so powerful and frightening they seemed to lie beyond common understanding.
"
money is a function of faith, people believe it is worth something...paper with ink on it...lol?

reply to post by cornucopia

Money As A Religion

The above-detailed process has become so ridiculous that William Grieder, former assistant managing editor of the Washington Post, wrote a book in 1987 entitled, "Secrets of the Temple: How the Federal Reserve Runs the Country" that details how the Controllers have conditioned us to accept this absurd situation.

To modern minds," he writes, "it seemed bizarre to think of the Federal Reserve as a religious institution. Yet the conspiracy theorists, in their own demented way, were on to something real and significant. The Fed did also function in the realm of religion. Its mysterious powers of money creation, inherited from priestly forebears, shielded a complex bundle of social and psychological meanings. With its own form of secret incantation, the Federal Reserve presided over awesome social ritual, transactions so powerful and frightening they seemed to lie beyond common understanding.
"
money is a function of faith, people believe it is worth something...paper with ink on it...lol?

Nice summary. S&

Thanks.

Originally posted by soficrow

ATS members have been all over the exodus. Along with many others, I assumed the mass resignations are evidence of rats leaving a sinking ship.

This letter provides a bit of an alternate perspective. Maybe, just maybe, we'll see a sea change in how our world conducts business.

www.nytimes.com
(visit the link for the full news article)

The only problem with this perspective, at least that I see, is if all the benign alternatives leave these positions, who will be there to blow the whistle once they are gone. It's extremely assumptive to believe that we will see another Enron scenario where these white collar criminals will actually be persecuted.

Viva la revolucion!

I don't know, these banks have always been filthy.

They always had a toxic culture. Rememeber "greed is good?" I have heard stories about the "corporate culture" at these super-banks. From what I hear it sounds like exploitation of prostitutes and intoxication are more what this "culture" is about than all these nice-sounding things like responsibility to the client.

I guess what might have changed is in the old days they respected their clients more and didn't rip them off as brazenly. I could see that being the case.

reply to post by Unknown Soldier


Not cool man that's my avatar...Those guys are muppets too. Though I get the analogy, since they were always up there talking smack about every one else.

This Smith guy was there for 12 solid years; he knew, participated, and climbed the ladder being just like them, all through their golden times; now the most corruption ever being reported and uncovered. Now he wants to act all innocent; that it's all collapsing?...I feel he thought; How can I bail like the rest, and not be under scrutiny? Leave and act like a whistle blower. That's my take on him.

The Federal Reserve did launder 16 trillion that was no hoax; why do you think they gave a secret 16 trillion to the TBTF without congress knowing? Oh, that's right because they had laundered the original 16 trillion into the Bank of Scotland thinking no one would catch them...they figured they could replace the 16 trillion from the Bank of Scotland back into the secret TBTF fund with no one knowing...while making trillions more off of the interest in the mean time.

Does anyone really think that the Federal Reserve is dumb enough to sneak 16 trillion into the TBTF's without having the Bank of Scotland 16 trillion as insurance? Making their own damn rules and self regulating is why they thought they could pull all of this off! If it wasn't for them being caught on both ends...By Lord James Blackheath in the UK and Ron Paul in the US winning a push to audit the Federal Reserve. If it wasn't for Ron Paul we wouldn't have found the 16 trillion secretly given to the TBTF's if it wasn't for Lord Blackheath we wouldn't know where they were going to get the 16 trillion laundered to pay for the TBTF's they laundered. Since they got caught on both ends; they are really screwed and all are trying to bail before SreallyHTF.

Criminal behavior has solution :JAIL , because none of this function and justice is not working, solution is DEATH !!!!! America must pay with death and destruction for this behavior !!!!! I am not generalize and i am not subjective.
If America kill other other regimes because they have "criminal" behavior (they can not punish their own thieves with jail because they are to big fish and mobs like Goldman% sucks ) , so we can ask for killing America who is guilty for killing the WORLD !!!! the behavior of America`s citizens aka Goldman&sucks and others....who contain the big parts of global economy is CRIMINAL and has no justification , therefore they must be punished !!!! and they can not it is clear as day , they are too big on the top fish , and they can not be punished , so what we remain to do as simple people ?!?!? America must pay for this criminal behavior !!! How ?? YOU TELL !!!!!!!!!

Having read the letter in it's entirety, I have to say it's one of the most brilliant and insightful things I have read in while.

And I have read many of the posts, as well saying he is a low man on the totem pole in the company; who cares, titles and accolades only really impress fools, who like to judge everything and everyone in a superficial way; while wise people listen to the words of others and judge their truth, merit and worth alone. I have also read others comments that he is just another rat abandoning the ship and I say once again, why judge him by his superficial appearance, why not just examine his words; the contents of his mind?

Having, read his words and weighing them alone, I once again say they are very insightful and brilliant, because he has clearly captured the experience of the creeping and corroding vitriol; the worshiping of vain and false virtues, that has been taking root and hold not just in Goldman-Sachs; and other companies in the financial sector, but really all of society as a whole. Over the course of my life, I have seen almost all of humanity, slowly become drunk with madness and darkness, and throw away the banner and the moral compass of virtues; like truth, integrity, knowledge, wisdom, honor, pride in workmanship and even compassion, and in their place society seems to have wholeheartedly hoisted new banners and erected a new moral compass; a compass guided by the three false virtues; the lust and pursuit of profit, fame, and power.

And, I know many of you will say, "there has always been people pursing those false virtues." and those who say that would be right, but I would also say, that at one time those people were the minority, it wasn't all of society lowering themselves to those standards. Even, in my youth and amongst the people I have seen around me family, friends, neighbors, countrymen and humanity as a whole, people use to be a lot better. The majority of people helped each other and people would give freely of their time and effort, but, those days are gone and now it seems, everyday more and more of the masses and the structures of our society are growing every more introverted and focused on nothing but, and only for the sake of profit, fame and power. It is one thing to want to spend time and effort on making money to make sure your family is safe and secure and to have a nice life, but it is another thing completely, when ALL of your effort, energy and time is spent on profit,fame, and power; that is obsession.

And really, I can't believe I am the only one who has seen this ever accelerating moral degradation of society, and reading this mans letter, at least I know one other person has seen it, at least within the walls of the company he worked for; goldman-sachs. Because, that is what is happening not just inside the corporations, but within our neighborhoods, homes and streets; society as a whole has become about nothing more and nothing less then the pursuit of profit. We do not do things we should if we can not profit from it; even if it could feed the hungry, clothe the destitute, heal the sick and the lame, and we do things we should not do if there is a profit to be made in it; pollute our world and environment, endlessly claw every last resource from the surface of the earth, even alter the DNA of our crops and playing craps with the entire food production of the world. This isn't capitalism, this isn't business, this the darkness of greed and it's gripping us all; inside the boardroom and on the streets. Money is not the root of all evil; love and worship of money is.

And, one final thing I would like to say about the moral decay of human society is, it's accelerating, every year it seems to amplify and unless society changes it's course and tries to revive and live up to the lost virtues, all of us will continue on this path until it's inevitable conclusion; a world full of wealthy corpses.

First thing I thought when I read this was that this guy didn't get his share of the pie made with the money they sucked from this planet and is ranting now. Or also he is very well aware of the coming meltdown and is abandoning the ship as he can't suck anymore now.

double post

Originally posted by NeoVain

Originally posted by DataWraith
reply to post by NeoVain

 

I hate to disagree with you but those bankers that are leaving are not the good guys, they are the rats leaving the sinking ship that is the rustbucket Economy.
They are the ones that hope to disappear into the shadows and out of peoples minds when the lynch mobs finally get off their Xboxs and Ipods, they leave to evade 'justice' in what form she decides to take.

edit on 14/3/12 by DataWraith because: (no reason given)

You clearly did not understand the OP. This guy is telling the reason he is leaving is because it makes him sick how they treat their customers, like muppets basically. Does this make him a bad guy for not choosing to do this any longer??

edit on 14-3-2012 by NeoVain because: (no reason given)

Actually I did understand the OP , and I feel for him or indeed anyone who has to leave because of the way Banks and their staff treat their customers more than anyone even more so then the average person on the street, because I was a banker who left the job, because of not only the way they treat their customers but also their staff.
I worked for the Bank of England and my health suffered as a result of what the bank was and still is doing to its staff, many of the unpleasent staff treated their own personal and government customers with contempt, with derogatory remarks behind their backs and such like behaviour and the good staff had to cover for them to make things right.
Then theres the way the Bank treats its staff, many are being sacked for no real reason, some are being asked to leave with threats of dismissal and some including one man I knew died as a result of the actions the bank took.
The staff are the ones on the front line from both angles and if they are considerate compasionate people then well done to them for getting out, but the remark about the ones leaving I stand by, the bosses who leave are the ones who know the lynch mobs are nearly mobilising.

I know some of you will scoff, but everything he has said so far has happened. Here he goes into an exhaustive expos'e of the current climate in banking and TPTB's plans for the US economy and WHY. I warn you, it's 3 and a half hours long. but worth a watch. I didn't think I would watch it's entirety, but once I started, I couldn't stop. We all know Lindsey is long winded, still it exposed a lot of BS our government and others are trying to implement on us US citizens. Atheists will certainly dismiss it, but frankly, who cares, their fleas on the dogs butt arguing over who owns the dog. (Crocodile Dundee) But for true Americans and the Founding tenants of this great country, it's a truth trying to be hidden by TPTB.
www.youtube.com...

reply to post by soficrow


wow, brave little soldier. rofl. is this a joke?

Originally posted by prisoneronashipoffools
Having read the letter in it's entirety, I have to say it's one of the most brilliant and insightful things I have read in while.

And I have read many of the posts, as well saying he is a low man on the totem pole in the company; who cares, titles and accolades only really impress fools, who like to judge everything and everyone in a superficial way; while wise people listen to the words of others and judge their truth, merit and worth alone. I have also read others comments that he is just another rat abandoning the ship and I say once again, why judge him by his superficial appearance, why not just examine his words; the contents of his mind?

Having, read his words and weighing them alone, I once again say they are very insightful and brilliant, because he has clearly captured the experience of the creeping and corroding vitriol; the worshiping of vain and false virtues, that has been taking root and hold not just in Goldman-Sachs; and other companies in the financial sector, but really all of society as a whole. Over the course of my life, I have seen almost all of humanity, slowly become drunk with madness and darkness, and throw away the banner and the moral compass of virtues; like truth, integrity, knowledge, wisdom, honor, pride in workmanship and even compassion, and in their place society seems to have wholeheartedly hoisted new banners and erected a new moral compass; a compass guided by the three false virtues; the lust and pursuit of profit, fame, and power.

And, I know many of you will say, "there has always been people pursing those false virtues." and those who say that would be right, but I would also say, that at one time those people were the minority, it wasn't all of society lowering themselves to those standards. Even, in my youth and amongst the people I have seen around me family, friends, neighbors, countrymen and humanity as a whole, people use to be a lot better. The majority of people helped each other and people would give freely of their time and effort, but, those days are gone and now it seems, everyday more and more of the masses and the structures of our society are growing every more introverted and focused on nothing but, and only for the sake of profit, fame and power. It is one thing to want to spend time and effort on making money to make sure your family is safe and secure and to have a nice life, but it is another thing completely, when ALL of your effort, energy and time is spent on profit,fame, and power; that is obsession.

And really, I can't believe I am the only one who has seen this ever accelerating moral degradation of society, and reading this mans letter, at least I know one other person has seen it, at least within the walls of the company he worked for; goldman-sachs. Because, that is what is happening not just inside the corporations, but within our neighborhoods, homes and streets; society as a whole has become about nothing more and nothing less then the pursuit of profit. We do not do things we should if we can not profit from it; even if it could feed the hungry, clothe the destitute, heal the sick and the lame, and we do things we should not do if there is a profit to be made in it; pollute our world and environment, endlessly claw every last resource from the surface of the earth, even alter the DNA of our crops and playing craps with the entire food production of the world. This isn't capitalism, this isn't business, this the darkness of greed and it's gripping us all; inside the boardroom and on the streets. Money is not the root of all evil; love and worship of money is.

And, one final thing I would like to say about the moral decay of human society is, it's accelerating, every year it seems to amplify and unless society changes it's course and tries to revive and live up to the lost virtues, all of us will continue on this path until it's inevitable conclusion; a world full of wealthy corpses.

edit on 15-3-2012 by prisoneronashipoffools because: typo

edit on 15-3-2012 by prisoneronashipoffools because: edit

Very well said.

Nowadays it's all about me, myself and I. Morality has gone the way of the dodo. All most people care about is the latest I-fad, who's banging who and watching reality crap.

Oh, yeah, posting nonsense on FB.

I hereby officially resign from the human race.

Originally posted by soficrow
Related AboveTopSecret.com Discussion Threads:
Trader on BBC "Goldman Sachs" Runs the world.

This "Goldman Sachs runs the world" is a hoax:

www.forbes.com...
www.democracynow.org... watch video from 28:45.

This is a very good analyses regarding the Godlman resignation:

Is Goldman Resignation Part of an Elite Plot?

In short, the resignation and article is a move from the elite to push for congressional hearings "to kill the last vestiges of the capital-raising mechanism in the US. Kill it. Kill it dead. After these new hearings take place, the ability for average people to raise capital – already doubtful – will be improbable indeed." [quote from the article]

reply to post by Patifier

...the resignation and article is a move from the elite to push for congressional hearings "to kill the last vestiges of the capital-raising mechanism in the US. Kill it. Kill it dead. After these new hearings take place, the ability for average people to raise capital – already doubtful – will be improbable indeed." [quote from the article]

Sounds like scare tactics - stage 2 following the attack on his credibility.

Evidence that this guy and his letter are totally legit.