This transcript is automatically generated
-- Fox Business was the first to report that former Goldman Sachs employee Greg Smith could be getting a book deal they want after is now infamous op -- that -- the -- Published reports say that Smith could get up to one million dollars Charlie Gasparino says.
-- you want to.
It's going to be about that's right now he's -- because my sources I was.
Talking with book -- yes because I frequently write I write books and this is -- -- it to get that much.
I got I've gotten I've gotten the -- -- -- if I get decent advances and you know feared journalism and -- did you know this is what's great about this guy.
Sent to journalists he's coming out of banking and he's getting a huge -- the topic of conversation came up.
About Greg Smith and the bidding there is a bidding war going on in the New York Post -- a nice piece today.
But I will tell you it's not.
Up to a million from what I understand it's more than that he's actually got this above the million dollars a -- according to one -- a sometimes you don't go to big -- -- You go with the better publishing house if -- if it's in the range.
I and that's where he might go I mean I don't know where he's gonna go but I could tell you that it is the one bid was above wouldn't a million.
And do here's the real question and it and not all publishers are in in you know are willing to pay that.
Where think that this could be a good book I mean he's got a book party yeah like here I mean I'm Gregg -- been reaching out in the as a going back as you pointed out.
-- these -- -- about this book where it could be really good or could be.
Really bad you beat the template for something like this and insider.
Writing about the firm he worked at is of course -- of course Michael -- liars poker right.
I'm not an insider on the jealousy it's different you're an insider back then Michael Lewis was was Solomon Brothers years ago it was -- it was one of the top.
Salesman bond salesman at Salomon bros would made might that book work was -- Michael Lewis was obviously a guy who want to be a writer.
And he had a journalist of journalists -- eye for detail.
That's number one because remember the great details yet about lending area in the mortgage bond desk and all the great characters at some of those John -- -- you name it.
All of and John Meriwether and the whole notion of liars poker how they used to play poker with the dollar with the whenever was that hundred dollar bills whatever.
Because -- Greg Smith have that ability.
To get that type of detail and that is really.
That is really the question here and and I don't think a lot of people have a lot of publishers grapple with that some people doubt that he does.
We should point out that Michael Lewis also reported that book out.
We actually have people at its sovereign -- I I believe he was I don't know this for a fact but I believe it.
-- and -- was a source of the their former head of the mortgage -- department like one of the major figures on Wall Street over the list -- couples to list was cut decades.
Will Greg Smith have access to his old employers for that for that other detail.
I don't believe so the other thing is you know Solomon Brothers what was a wild -- place in the 1980s that's a technical term -- -- By the way everybody everybody listening will everybody that statement it was while it -- it had the big characters is Goldman Sachs back type of place.
It doesn't go with -- they may call their clients Muppets but you know the thing to do realizes.
Is that it is a crazy place like some of somebody read the book was just wild things like -- I don't believe Goldman Sachs is like that so now that's that's -- negatives to positives.
He's gonna make a million dollars at least at -- above there are no he's bid ignoble -- said today -- million I've done it major publisher told me it was involved in the bidding.
It's above a million.
You know more power to -- now -- deliver.
Why should get invited to the -- part I you know I'm try to get touch up expect.
I but once you don't -- a much else that'll -- -- of -- not at all -- have you written.
Among number what does I think on the refined I -- -- -- -- wound to look let me present him with an.
And -- cheddar bunny I don't eat that -- It's organic Charlie I don't -- not.
Organic and maybe show the little bunny here it to be -- NY ticker symbol -- and and -- little bunny jumping.
A massive about today.
All right thank you very much.