well to be fair, we're not really sure if Hitler didn't like the Jews or if he was just a pyromaniac.
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Is Mr. Smith going out on his own and using this "letter" as a way to drum up business and steal clients??
He's either extremely bitter or extemely principled. Either way, It's a well written article, espcially given his relatively junior level within the corporation.
March 15, 2012 SouthAmerica: If you think the GS employees are paranoids today, just wait to see what will happen to them when some of the GS employees start coming out of the woodwork, and start bringing all kinds of damaging information for the US government to build a criminal case against the top executives of that corporation. Here is what I posted on ET yesterday. This employee just gave a letter to The New York Times, I just wonder what kind of information other employees are supplying to the US government to cash in on this new government programme. This fellow is just the tip of the iceberg. March 14, 2012 SouthAmerica: On Tuesday, March 13, 2012 the âFinancial Times (UK) had a front page article: âWhistleblowers pipe up as tip-offs on white crime begin to payâ. The article said: âCompany informants tempted by the prospect of multimillion dollar payouts are rushing to US regulators with audio recordings and internal documents to take the advantage of a new programme that can make whistleblowing on wrongdoing lucrative, lawyers and regulators say. Many of the complaints, lawyers say, involve allegations of accounting fraud and foreign bribery at financial and industrial companies. Others include allegations of market manipulation or other crimes by hedge funds and private equity firms. Under the programme, created by the 2010 Dodd_Frank law, any person who reports a credible tip or complaint can qualify for 10 per cent to 30 per cent of the amount that the Securities and Exchange Commission recovers through the courts or a settlement. That could result in a big payday for an informant who uncovers a fraud that leads to a multimillion dollar settlement.... I wonder how much money âGoldman Sachs the Pillage Peopleâ will have to payout in new settlements regarding this new US government programme? Eventually, people will come out of the woodwork to claim their rewards and expose the âGoldman Sachs the Pillage Peopleâ shenanigans from around the world. .
IMO, we have way too few Taibbi's and Lewises on Wall Street, and that's one reason why it is such a cesspool, right on down to FINRA the "self-regulating" body for the financial confidence game, formerly headed by Bernie Madoff. Goldman and all the other investment banks, pardon me, "bank holding companies", are just technologically sophisticated bucket shops! With respect to the lying, cheating, and stealing scum on Wall Street, not a lot has changed since those fellas's began trading under the buttonwood tree. To paraphrase Arthur Levitt, former broker and SEC chair, "Your Broker is not your friend."
it's always been that way and you are supposed to know it. Kind of pathetic when the SEC is trying to protect millionaires and now billionaires who should have known better. We build up a position and then try to sell it to our "clients', that is the model. Without it there would be no trading profits. It's been that way since the beginning of time, or at least since the invention of Tulips.