Mistakenly Released Documents Reveal Goldman Sachs Screwed IPO Clients

By: Tuesday March 12, 2013 6:54 am

As noted in the Roundup, Goldman Sachs is once again being cited for ripping off its clients, this time in the IPO space. Goldman had already paid massive fines for causing the mortgage crisis by selling its own clients toxic assets. Later the firm would take considerable reputational damage when a former Goldman Sachs executive, [...]

On the Need to Continue Pointing Out That Nobody Has Gone to Jail for the Financial Crisis

By: Monday October 22, 2012 11:33 am

I would say that William Cohan has had enough. The author of several books about the financial sector cannot believe that nobody on Wall Street has been held to account for the crisis that caused the Great Recession. And though it pains him to end up on the same side as Elizabeth Warren, to whom [...]

The Promising Trend of Bad Recruitment for the Finance Industry

By: Friday March 16, 2012 11:35 am

I’m skeptical that the Greg Smith op-ed, on its own, will cause Wall Street to rethink its inadequacies and lead to reform. And I don’t think you can possibly tie a lack of effective campus recruitment to an op-ed from just a couple days ago. But I think the struggles of Wall Street on college [...]

Smith Op-Ed Won’t Cause Instant Reform on Wall Street

By: Thursday March 15, 2012 8:55 am

If Greg Smith wanted revenge on Goldman Sachs, he definitely got it. In one trading day, Goldman lost $2.2 billion in stock value, with shares dropping 3.4%. It was the third-biggest decline in the S&P 500 index yesterday. Smith, who also wrote that he was quitting after 12 years at the company, blamed Blankfein, 57, [...]

The Blowback Begins on Ex-Goldman Exec Greg Smith

By: Wednesday March 14, 2012 1:45 pm

It was only a matter of time before Goldman Sachs would start to smear their former employee, Greg Smith, who published his resignation letter in a celebrated op-ed in the New York Times. At first they merely denied the change in culture that Smith stressed, one from nurturing a relationship with their clients to field-stripping [...]

Goldman Sachs Exec Rips Firm for Short-Sighted Greed

By: Wednesday March 14, 2012 8:15 am

Greg Smith, an executive at Goldman Sachs, picked a heck of a way to spend his last day there. His resignation letter, published in the New York Times, reflects the wisdom of someone who has been with the firm for a while and seen it, and Wall Street, degenerate into a morass of greed, where [...]

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