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Goldman Expose Coming Soon?

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  • Description

    FBN's Charlie Gasparino weighs in on Greg Smith's new book.

  • Duration 5:08
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OK well the world's most powerful bank Goldman Sachs is bracing for -- expose day on the firm's internal culture and business dealings.

Greg Smith you remember him the disgruntled former employee who wrote that now in -- New York Times op Ed.

Was getting ready to release his tell all next month and -- here with all the.

-- -- Com.

-- -- does not so much in the book I mean you really a lot of people don't know what he put together -- -- put together this in less than a year obviously get out.

I can't say people that he pitched a book to the book publishers putting this pretty light on the specifics.

He didn't have a lot more than what was in that infamous or famous op -- -- was a big -- where he basically said.

You know the culture of Goldman's that sex I'm paraphrasing but it's pretty close rots from the head -- frank rotten as starts from the top -- -- Lloyd Blankfein the CEO all the way down.

And so you you really went on a Rampage.

Here's what we know the book is coming out I believe an -- late October October 20 cents.

-- fat State's interest in coming out a week after their earnings and here's what Goldman Sachs is worry about because there -- this is coming out right as.

We we know Lloyd Blankfein is on the sort of charm offensive and image re making campaign both for himself.

And for the firm he's did the Clinton Global Initiative he's doing selected interviews here and there he's increasing his -- public profile just as he's doing that.

In comes Greg Smith and what do they expect from from from Greg Smith the book comes out.

Lots immediate what they with internally inside Goldman Sachs for what they're telling me.

We've we we we get essentially no comments from these two places but they're telling me that he's doing Anderson Cooper he's doing a big sixty minutes.

Profile minute battles and here and yet easy and he'll he'll make the best -- there's no doubt that first week.

Other question moon is really how much more does -- have -- -- people like -- they said he's done a fact checking.

He's not come back to them and said you know do you respond to XY and Z.

Which is kind of interest that it is usually you go when you do the other great not that bad that describe it you know corporate culture and have specific anecdotes.

You should really go back and -- those with the people you're writing about which makes me think.

This is going to be much more Greg Smith's.

Meandering about you know what's what's -- -- Coleman.

So that's what Goldman's worried about this is coming at a bad time for them I mean it's a bad time and it's it's actually good times and -- in good the stock is starting to improve a little bit.

Lloyd is back out there you know -- stating his case sees.

You know and Jamie -- kind of get in trouble to -- -- hello have a lot and you know he's he's much more comfortable with the with with questions right now -- -- -- was a very uncomfortable person is that you know you that was being interviewed.

He's much more comfortable.

I've met the guy I think I want to -- grapes that are likely -- -- -- now let's pretty easy very charming very nice guy he's so much different than the debt sort of -- the media portrayal.

Great and I think some of the had to start to come out in these interviews and now comes Greg Smith throwing a monkey mention at all.

You know I get some more details on the book -- -- -- -- -- when everybody.

I do think though that if there was a real Blockbuster for.

-- this -- my opinion so I I don't manufactured illegally and it would lawyers calling into Goldman Sachs that fact checking things and and you as you know well when you go through about process.

A lawyer does read it say you know where's this coming from do you recall we noticed that I mean -- I've found a sellout.

Out now on the sell out which was a very detailed book about the financial crisis.

I spent a month fact check and I think with a lawyer frank every single line this lawyer went -- every life.

And this is and we're talking about you know individuals so now there are no maybe this is sort of Greg Smith sort of you know idea how to make the world event which I will tell you this -- interest in when he pitched the book.

I think -- he'd apparently got more than a million dollars but some of the people starting dropping out some that the public has started dropping out early.

Because he was dead serious about the writing how to make.

You know -- a whole chapter or couple chapters on how to make Wall Street a better place and -- the public wanted.

Was Greg Smith's convinced this is a -- level employee.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Yes and sixty minutes generally like stuff.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- How -- you know that you don't because they get -- a ton of books you know what's behind this is a guaranteed best seller now get they have all the options in the world to do books for something like that -- they know they're giving someone a -- and I don't know unless I think that there's nothing in it.

They would have Raddatz and you know we change your mind thing.

With all due respect Melissa I've been through the drill with sixty minutes a -- There dare they're bar is publicity and this guy came out of the gate swing it no doubt that op Ed.

When viral and I think that's what they're banking on.

Finally what does he really gonna say Goldman Sachs please tough to get sharp elbows.

C'mon are you authors.

I feel like the odd man out here never written anything.

May -- high school let's -- some point Ali thank you.

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