Goldman Sachs Executive Director Quits ...

[finnbow]

... out of disgust from what his firm has become.

"Today is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.

To put the problem in the simplest terms, the interests of the client continue to be sidelined in the way the firm operates and thinks about making money. Goldman Sachs is one of the world’s largest and most important investment banks and it is too integral to global finance to continue to act this way. The firm has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for."

http://www.nytimes.com/2012/03/14/op...man-sachs.html

Holy $hit. Pretty damning stuff. And to think Goldman has been a virtual revolving door with the Treasury Dep't.

[Big_Bill]

It sounds like we may have a new Chairman of the Federal Reserve Bank soon, or,

Timothy Franz Geithner is about to be replaced ?

Bill

[noonereal]

Originally Posted by Big_Bill

It sounds like we may have a new Chairman of the Federal Reserve Bank soon, or,

Timothy Franz Geithner is about to be replaced ?

Bill

"Do you know what the Fed is?"


lol

[Big_Bill]

Originally Posted by noonereal

"Do you know what the Fed is?"


lol

Indeed I do noon, why do you ask ???

BB

[epifanatic]

Originally Posted by Big_Bill

Indeed I do noon, why do you ask ???

BB

Sister Sarah didn't.

[d-ray657]

Originally Posted by Big_Bill

It sounds like we may have a new Chairman of the Federal Reserve Bank soon, or,

Timothy Franz Geithner is about to be replaced ?

Bill

Are you suggesting that Mr. Smith might already have a lead on one of those positions. Surely you don't mean to bring into question the motives of a big-time banker.

Regards,

D-Ray

[neophyte]

Originally Posted by noonereal

"Do you know what the Fed is?"

It's a large building full of lots of people wearing suits and neckties, but that's not important now.....

[Big_Bill]

Originally Posted by d-ray657

Are you suggesting that Mr. Smith might already have a lead on one of those positions. Surely you don't mean to bring into question the motives of a big-time banker.

Regards,

D-Ray

Of course not D-Ray,

I just wouldn't be surprised if Ben or Timothy were to resign, that his name might be mentioned as a replacement. Being that he is available right now.

Ben has already stated that he has tried everything in their arsenal to correct the recession. So it might be time for new blood at the FRB.

BB

[d-ray657]

Originally Posted by neophyte

It's a large building full of lots of people wearing suits and neckties, but that's not important now.....

Picked a bad day to stop smoking?

Regards,

D-Ray

[Big_Bill]

Originally Posted by neophyte

It's a large building full of lots of people wearing suits and neckties, but that's not important now.....

Actually noon,

Their are many large buildings, filled with lots of people wearing shirts and neckties, some wear jackets also and most all of them wear shoes in told ?

Twelve Federal Reserve Banks, three Mints to print their money, their head courters in Washington D.C. and probably others. Yep, it's a Big operation !

BB