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FBN’s Liz MacDonald on Goldman Sachs’ response to the New York Times op-ed piece by a former employee.
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Come -- Sachs shares are jumping 2% talking -- rocking recovering some of yesterday's losses but the fallout from the former Goldman employee Greg -- Resignation letter in the New York Times is proving to go much deeper than the stock priceless McDonald's is here with -- -- in this race.
Fascinating hit -- again just -- think it's inside baseball the whole nation and a day later is talking about -- -- really.
Everybody is sort of wondering is as a proxy for something bigger or is this just -- yeah let me -- how are you reading it right let's get to what Jamie Dimon.
And -- Morgan chase is coming to Goldman Sachs offense.
Take a look at this comment that from Jamie Dimon and an internal memo to workers want to be clear that I don't want anyone here to seek it managed from a competitors alleged issues.
Or hearsay.
If ever it's not the way we do business at Fox Business.
Has reached out to Goldman Sachs the Goldman Sachs is heading back take a look at what Goldman Sachs is now saying about this opinion piece that was put up in the near times.
Earlier this week by Greg Smith the former employee do we put -- traded over clients.
Absolutely not -- also had a clients and who we're trading four.
The next quote comes Wall Street shops talk like this.
All the time it's Wall Street no one -- clients in here.
Handcuffed.
Kicking and screaming to do business with -- take a look at this other quote it shouldn't surprise anyone that people like trading desks talk this way as -- people at.
Hospitals precinct houses.
Newsdesk.
People get referred to all sorts of ways in -- testosterone driven environment.
So here's a deal to Goldman Sachs is telling us they're trying to get to the bottom -- -- -- trying to reach out to mr.
Smith.
-- in the London office they haven't -- -- and he did not apparently talked to Goldman Sachs before he wrote this opinion piece.
Big and New York Times -- is saying they've not the New York Times did not reach out to.
Goldman Sachs had a time and editorial it's it's time you know here there whether editorials are fact checked ahead of time it.
But in -- Vienna point two with Goldman Sachs is say look we liquidated -- prop trading desk about a year ago and it was only 10% of net.
You know that this is -- good -- a couple things I wanna say about that will Goldman's response.
You know my office is to be across the street from the headquarters and actually go hang out at this place called Nebraska steakhouse that's and right across street a lot of Goldman guys there.
And that's kind of talk is comment but it's not comment -- amongst Goldman.
It's common amongst traders and lot of people on Wall Street in the just didn't develop over the last twelve years.
-- -- Jamie Dimon that taking advantage of it I you know.
I thought it was crazy just to put this statement out there -- -- -- put a statement outfits that fact that -- and it's you know no -- say that -- that why you know me think about protest too much.
He's trying to make himself look a -- look like a good guy here or even though he's trying not to take advantage of -- he kind of that is I -- themselves -- -- -- not hire -- we're try to date in the higher -- we don't do that here in Chile this month the peaks clear about how they operate and run their business enactment to take advantage.
Of hearsay.
Osama -- -- client calls JPMorgan to that some think -- -- what's in my account because that op Ed piece they're gonna say no.
Yeah well we won't discuss the -- that people have taken money but that's right.
That's a local conflicts have been happening since you know Jesus -- the -- -- from the time we all know this industry Barry and I historic and one of the big bulge bracket -- this is how people -- this is -- way business gets done this is not a surprise to anyone who knows anything about this industry and you all now.
Excellent -- I'm glad to gather all that stuff about little good stuff that I love is what next now that.
