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muriel_volestrangler

(106,226 posts)

27. A Response from Goldman Sachs From Chairman Lloyd Blankfein

Reply to ehrnst (Reply #3)

Wed Mar 14, 2012, 03:29 PM

Mar 2012

The following letter to Goldman Sachs’ worldwide clients was issued today by Goldman Sachs CEO Lloyd Blankfein:

Dear Goldman Client:

By now, many of you have probably read the regrettable resignation letter published in today’s New York Times by former Goldman executive Greg Smith, explaining why he is leaving the firm after twelve years.

In the letter, in which he excoriates Goldman and his practices, Mr. Smith comes across as a man of conscience, ideals, and high moral standards. And as you read his words, you no doubt asked yourself this troubling question: how could Goldman have hired such a person?
...
http://www.borowitzreport.com/2012/03/14/a-response-from-goldman-sachs/

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Goldman Sachs director quits 'morally bankrupt' Wall Street bank [View all] dipsydoodle Mar 2012 OP

Oh,yeah, Goldman was a model of "humility" and "client-centered" care a mere twelve years ago! alcibiades_mystery Mar 2012 #1

meh... naaman fletcher Mar 2012 #4

That's old school smart business - it's also called minimizing downside risk. Mopar151 Mar 2012 #5

That's the kind Delphinus Mar 2012 #6

url,fwiw Mopar151 Mar 2012 #26

My real estate agent is like that JBoy Mar 2012 #11

He could have made FAR more $ staying there spooky3 Mar 2012 #8

He could make much more at a hedge fund.... Lucky Luciano Mar 2012 #13

exactly spooky3 Mar 2012 #17

While this is not new, it is new coming from an insider Stuart G Mar 2012 #2

Why I Am Leaving the Empire, by Darth Vader ehrnst Mar 2012 #3

That's great! bluedigger Mar 2012 #7

LOL! EFerrari Mar 2012 #9

A Response from Goldman Sachs From Chairman Lloyd Blankfein muriel_volestrangler Mar 2012 #27

ROFL! Nihil Mar 2012 #32

All one needs to know about Goldman Sachs can be found here.... Aviation Pro Mar 2012 #10

that link doesn't work for me LittleGirl Mar 2012 #15

Try going through Google... Aviation Pro Mar 2012 #19

More in NYT: At meetings at Goldman, on the other hand, �not one single minute is spent asking quest grahamhgreen Mar 2012 #12

Two essential reads longship Mar 2012 #14

Maybe he can turn into a whistle blower. sarcasmo Mar 2012 #16

Banks and corporations don't have morality. woo me with science Mar 2012 #18

^ This. n/t BadgerKid Mar 2012 #20

I'm still curious, who are GS clients? And why would anyone want to deal with these sleazeballs? johnnyrocket Mar 2012 #21

Does this mean..... DeSwiss Mar 2012 #22

That's one of the best letters I've ever read just1voice Mar 2012 #23

"I don�t know of any illegal behavior..." lame54 Mar 2012 #24

I'm making a list of moral banks. Here's what I have so far: tclambert Mar 2012 #25

rivers banks are ok dipsydoodle Mar 2012 #28

The only problem I have with Greg Smith's take is that he seem to think Goldman Sachs has not avaistheone1 Mar 2012 #29

Hey GoldSacks is just following Alan Greedspan's mantra "Hate The Customer". Dont call me Shirley Mar 2012 #30

That excerpt from his letter in NYT: Amonester Mar 2012 #31