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Title: GOLDMAN HEIR SPEAKS: Greg Smith Was Right, They Ruined My Great-Grandfather's Company
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Published: Mar 16, 2012
Author: Rob Wile
Post Date: 2012-03-16 07:52:07 by tom007
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Views: 61
Comments: 1
GOLDMAN HEIR SPEAKS: Greg Smith Was Right, They Ruined My Great-Grandfather's Company Rob Wile | Mar. 15, 2012, 5:52 PM | 10,458 | 38 A A A inShare24 marcus goldman sachs Wikimedia Commons Marcus Goldman Henry Goldman III, the great-grandson of Goldman Sachs founder Marcus Goldman, says he agreed with Greg Smith's New York Times op-ed criticizing the firm's predatory culture. "I thought it was spot on," Goldman told Business Insider in an exclusive interview. Now a semi-retired financial professional currently residing in Colorado Springs, Goldman said the culture had changed "for the worse" since the days when his family maintained direct control over the company. He added that Smith's views on Wall Street could be applied beyond Goldman. "I thought the article was a reflection of Wall Street in general and 'let buyer beware,'" he said. And this is not just a topic he's thinking about now. On the 'predatory' behavior of Wall Street, Goldman added: "It's certainly something friends of mine have discussed ad infinitum." Goldman said he has no investments with the firm. SEE ALSO: FORMER GOLDMAN INTERN: This Is What It Was Like Working Under Greg Smith > Please follow Clusterstock on Twitter and Facebook. Follow Rob Wile on Twitter. Tags: Goldman Sachs, Greg Smith | Get Alerts for these topic Read more: www.businessinsider.com/h...tter-2012-3#ixzz1pHPV7CRn
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TheWeeklyTelegram on Mar 15, 10:08 PM said: @Know your stuff: TheWeeklyTelegram.com Goldman Sachs, McDonalds, and other fraud factories It seems there is a lot of buzz about this whole Goldman Sachs resignation letter. I agree with the letter. It's about time someone stands up for what is right. The whole financial industry is littered with sociopaths who get off on screwing and deceiving others. These whackjobs need to be routed out, whether they be low level losers, or Lloyd Blankfein. Lloyd has utterly destroyed this company. Even the heir of Marcus Goldman, the founder, said he agreed with the resignation letter and said they have destroyed the company his great-grandfather built. But it's not only the financial industry. Just look at Home Depot. The CEO a few years ago did nothing but install brighter lights in the stores, then he left the company with a $100 million pay package. Talk about looting a company! And CNBC was trying to justify this behavior! It amazes me how individual shareholders, pension funds, and mutual funds would even invest one cent after brazen looting like this. This is pervasive in all these large corporations. They are so big that they cannot be managed anymore or grow organically. The only direction is down, and the board and management know this, therefore they are looting while the going is good. They could care less if the company collapses. Heck, their family didn't use their blood and sweat to build it. I'll say it again. Wall Street is full of sociopathic psychopaths who have no empathy for anyone. My best friend used to work for a botique brokerage firm many years ago and quit out of disgust. He said the owner was an arrogant son of a bitch who would rape clients for all the wealth they had by lying and deceiving them. He couldn't believe it. The place got shut down by the SEC not long after he quit, but of course the owner walked away scott free. Until every one of these losers are routed out and thrown in jail, capital markets will not be able to reach their full potential. And it's not just Wall Street with problems. Just look at the media. Below is a clip of Bill Oreilly and Dennis Miller laughing that McDonalds basically sells poison. When McDonalds was first founded, it was great, then Wall Street got a hold of the company and destroyed it, just like Goldman Sachs. Fast forward to the 3:36 mark: Say what you want about Louis Farrakhan but this guy is dead right with regards to this point. McDonalds used to be a great company, but now all the food is made with synthetic materials so they can cut costs and beat the street by a penny. It's pathetic. Many once great American institutions have now eroded into deceitful fraud factories run by sociopaths looking to pad their pockets. And to see Bill Oreilly and Dennis Miller laugh is even more sickening. We have a huge diabetes epidemic with our kids in America, and Oreilly could care less that McDonalds doesn't even use real meat anymore. Even our markets seem full of fraud and deception. I don't think many have realized this, but Apple today had an intra day move of about 4%. Today it traded at almost $600 per share, and then later on in the day it was trading at $578. Many people do not realize this, but that is over a $20 billion move in a matter of hours! That is almost the amount of all investable physical silver!!! The amount of money sloshing around is enormous. Apple's market cap is $550 billion. A 30% correction in Apples stock, which is highly likely and would be considered normal, would whack $165 billion off the company. This is decades worth of silver production, vanishing before our eyes. Apple sells basically 3 products. A quick change of opinion from consumers or one bad decision from Apples management could make Apple the next Research in Motion. Remember RIMM? Everyone thought the Blackberry was hands down the most superior phone. Look where that ended up. Wealth can and will vanish at alarming rates. Most of it is all an illusion. Reply Read more: www.businessinsider.com/h...tter-2012-3#ixzz1pHQLDBvN
"Satan / Cheney in "08" 
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