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Goldman Sachs: A Great Place to Work?
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Rolling Stone’s Matt Taibbi on his latest article surrounding Greg Smith’s departure from Goldman Sachs.
- Duration 7:31
- Date Mar 15, 2012
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Rolling Stone’s Matt Taibbi on his latest article surrounding Greg Smith’s departure from Goldman Sachs.
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We're what do make of the slow a lot of in this.
I wrote -- element -- that published in the op Ed page of the there are generally and then call him ammonia Greg Smith sort of resigning from -- -- level well.
It's an amazing thing he.
He apparently wasn't.
And executives are claiming not a very high ranking woman but he he clearly had.
Fairly.
Fairly senior position into the vice president.
Of which there are many ability you know he -- you.
He was somebody -- you know had a real real job in the company and he basically decided to quit.
And when he did it he did it indicates in the New York Times and essentially confirmed.
Everything that.
And the main thing that Goldman has been accused of in the last.
Four years which is that this fellow at their clients -- this this screw their clients and he.
He talked about how.
They do -- thing collapses where.
If there's this sort of like -- -- from up high anywhere.
The management told people to unload the crappy itself they have on their clients.
A political act is no we have heard about that that we never heard somebody in the company confirmed that that exists.
And know you went on to talk about how Goldman executives call their client Muppets and you get a drug to return them.
It just do it's -- Million evidence for everything that people always thought about this company but it had never heard it come from.
One of their -- We'll start firing was and Merrill of this -- -- -- wanted on wall along the -- announcement said that.
This -- into the Brussels say -- if if this is true.
That's not something that happened overnight so the and then all of a sudden so.
And it does sound like sour grapes like a disgruntled.
Employee who did get tough promotion you wanted decided they've got their twelve years ago and construct have been a big surprise to him.
You just discovered a couple of weeks ago that they were -- knows.
No no and then come I don't know the circumstances of the why you left bullets.
It's certainly.
He may have -- for leaving you might have several groups -- but there's evidence for everything that he said if you look at the -- The report.
Is that Carl Levin senator Carl Levin filed.
It is.
-- committee investigation didn't hoping a Goldman a couple of years ago.
And they talked about all the things that -- Smith talked about they had internal emails.
-- that this subpoenaed from Goldman that talked about the taxes and then talked about how they were trying really hard to get rid of some of the worst assets in no mood among clients.
There is one you know which was very much like the -- thing that if you've been talking about where.
There were celebrating.
Finding somebody dumb enough to take this deal that they did cooked up -- timber wolf.
And this -- you know we've got a flying pig.
A way to open and unicorn all the once in other words we -- like the ultimate sucker.
So -- evidence for all things that you're talking about it's just that we've never heard it come from more than one of their people before.
Cordial are talking -- me.
Don't venture of the -- women thing for a second.
Rush Limbaugh what you thought was.
And calls from an excellent a prostitute about fifty times for and then apologize and on -- there was Lola Moore.
Gutless slings I've ever witnessed anybody do so -- -- -- council director of emotional and repairs out of it -- have a good point and a and that is that.
Whenever there's like conservative women.
Our attack or made fun of by and they want no one complaints about it as they do I don't have a problem American -- of it at all obviously.
-- but no one defends -- as they do for example this woman.
Global solutions group look defendant bully who Rush Limbaugh -- up for us while we're there Paulson and -- -- -- But but no but but none of the women none of the feminists come to their aid when somebody calls say it's -- -- The similar.
He's yet but that's probably true I think that I think there is true.
Domestic data mean over you know I think.
Nobody should have to go to go through that.
All women deserve to be treated equally -- all offended equally offended equally or whatever -- Credit spreads are better now turn your current article in Rolling Stone to -- to fail.
Bank of America -- general I'm happier -- -- -- them.
Are there -- customer.
Are you occur around on I'm -- Beloved much.
And -- for.
There's -- line because Mike Barnicle who's one of the more gutless people on the planet.
Who away when he got caught -- plunged off from Margaret.
My dear friend George Carlin.
And also don't plot make -- -- stuff for stupid column in the Boston Globe Russell one person.
We had that who had guts enough to defend him and continue to put him on the air I was me.
Was it -- -- yeah absolutely.
Just -- Doris Kearns good one.
When shield on the won the world when there were some played a bogus plagiarism charges levels and -- and Jim Blair and of gutless weasels.
That PBS dumpster on the Manila reportable or one of hello was called.
We're we're still -- -- still plural.
Soul soul I continued.
To sold -- I put Barnicle -- -- -- traditional I saw a nice and MS and -- -- just fine.
That is really and and bare walled and they won't let him appear on this program and he's too gutless to insists that it should've -- program.
And his wife is a big we old.
Bob under her -- and trying to -- this.
Chuck Williams together for him but I -- his wife is a big real -- Bank of America's -- I'm hoping.
Well no I don't want her to sort of -- prison term -- abroad.
We're not gonna go that core and our approach is shot -- horses she actually a lovely person I would like particle would go to jail -- what they've -- a Bank of America now.
Well -- evict people a lot of things.
You know the the number one thing that I did that Australia Bank of America is like all these stupid to -- banks very.
Are facing just food group an endless stream of lawsuits from.
All these institutional investors you know pension funds and insurance companies and then.
Unions.
For having sold.
It crappy defect do mortgage products.
And you know -- -- what -- my article was because.
Stand.
The entire crisis period kind of -- everybody inside it and then when they got in trouble we came -- and we rescued them and we're continuing to lose the support them with.
All kinds of some sideways government -- And -- -- -- of -- -- piece of the document that all the different things that the Bank of America has been involved with in this.
The -- and ball with a lot of stuff from bid rigging municipal bondage.
Huge channels -- -- that's -- -- -- because it exactly.
So and yes -- order to support True Blue with too big to fill banking you know -- upwards our dollars are going in the here's what here's what you're getting for Britain.
Yeah that's what has.
-- -- filled.
Pinnacle November sorry I couldn't remember it I say that I be wrong -- On.