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Former Goldman Employee Gets $1.5M Book Deal
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FBN’s Charlie Gasparino on former Goldman Sachs employee Greg Smith’s $1.5 million advance for his book.
- Duration 4:35
- Date Mar 30, 2012
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FBN’s Charlie Gasparino on former Goldman Sachs employee Greg Smith’s $1.5 million advance for his book.
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All week we for -- been reporting about that guy Greg Smith he's a former Goldman Sachs banker who quit the firm -- And wrote that op Ed about his experience in the business practices.
At Goldman Sachs that he thought were certainly not very much above board well he was shopping a book deal.
Bids were some people said a million Charlie said it's going to be more than a million.
Guess what Charlie was right but why Charlie what a major publishing house -- one point five billion for book about Goldman and the bankers is -- that exciting.
What is that the captures their attention and -- MI journalists think but I think -- I am really forget jealous I mean this guy.
-- -- -- -- But anyway this after the fact that if this guy is got events that a good advances like.
500000 dollars a three times beginning of the demands -- never been published before this is a huge thing.
And it has major implications I believe for Goldman Sachs here well this is what -- cool what they're worried about inside Goldman Sachs.
You don't pay one point five million dollars for book on you know Muppets.
You know which is what they were calling their clients right the London how we should point out -- sources have confirmed that a Fox Business Network that Goldman Sachs -- investigation of bricks and its claims that they that they called.
People Muppets found no references.
Malicious my picture you references by the way.
Even joking that note that no no I'm not nothing malicious no malicious -- -- at Goldman Sachs the least so far in the emails.
They have found some movie references.
It is in their Muppet movie.
Charlie has some cuts if they are upset but anyway they found some of that but their investigation has found no malicious -- -- tree.
That I mean I can't believe I'm talking about this that and arguably -- wasting tax.
-- the -- but the more important issue is what does this guy have on Goldman I -- telling everybody here.
And Goldman Sachs knows this because they are scrambling to figure out the meaning of this.
That you don't get one point five million dollars for that op -- that was in the New York Times.
By the way this comes out to more than 9990.
Dollars a quarter -- -- are you very promising that he's got some good there I don't know what he's got okay.
He yes he -- that's how one held back stuff he did not put everything he knows in that.
In that -- in that op Ed might my opinion it now it is or some -- -- -- in my opinion now.
Is that you know he went there.
He knew he was gonna get a book deal out of this he made a big -- held stuff back and as much as in New York Times -- -- used him -- to further their class warfare agenda.
Of the editorial page that hates Wall Street hates corporate America he used them to get this book deal he clearly held stuff back it is more than that -- did you take.
The amount of words they had that was yesterday's based on one point two million that's what I base and I'd -- -- -- -- be one point two million and this is one point five bigger story.
Hillary who's the publisher.
-- Russia -- a -- Chef's passion it's what a nice name session but -- has already -- limit is concerned they're known as hatchet Brothers.
-- I'm telling you that this guy is got some stuff that they know what they're freaked out they're looking for more marketing emails they haven't found any malicious use them up -- -- And -- -- that's.
-- -- -- -- -- -- -- -- -- -- that that is so gross kind of looks foolish -- Gasparino it's creepy.
But look that secretary I want -- -- there's an important point.
They don't pay up for this kind of thing unless they think the book is going to sell America found this story compelling because the American taxpayer little little little but what is it about I don't know if America found this.
A story compelling I think I know that journalist liked it.
I know liberals thought it was great because as part of the class warfare thing.
It would concern me -- I mean are reading in the -- -- reported a thousand times.
I will say this -- That updated it is not get you one point five million dollars to buzz that surrounded it was tremendous -- -- journals and circumspect you know specifically.
That is not -- -- one point five.
He's got dirt on them and what it is maybe it's Lloyd maybe it's Lloyd and Gary -- mud wrestling in Taiwan I don't know.
But would like finding Gary come on the two and -- number one it was -- they might as it may be it's.
Bankers which -- I have no idea.
I tell -- he's got off removal now okay thank you Charlie does not jealous for the wreck I'm really jealousy hence provide -- -- fired back as the chief it would be in the first would be the opening scene.
Greg this -- write a -- equal opportunity offender.