RSSCategory: Wall Street

Mayor Bloomberg Went To Goldman And Had A Burger With Blankfein To Show Solidarity Through The Greg Smith Drama

| 16.03.2012

Everybody and their grandmother is taking a side in the case of Greg Smith’s infamous resignation letter from Goldman Sachs—was he brave, or was he naive? Will his letter ultimately affect Goldman’s bottom line or no? Etc etc…

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Goldman Has Announced That It Will Review Its Conflict Of Interest Policies

| 16.03.2012

This may not be directly related to Greg Smith, but you can’t help but think of him here.
Goldman told the WSJ that it is considering beefing up its rules about disclosing bankers’ personal investments to clients.
They’re saying it…

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Everyone Is Passing Around This ‘Whistleblower’ Letter Claiming To Know About Market Manipulation At JPMorgan

We have major doubts about whether this is real, but everyone is talking about it so we though we’d pass it on…
There’s a letter on the CFTC website from an alleged (and anonymous) JP Morgan whistle-blower.
He claims he was inspi…

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After The Greg Smith Op-Ed, Bond Traders Are Passing Around This Joke About Goldman

| 16.03.2012

People love making jokes out of other people’s misery, and certainly the Greg Smith resignation op-ed was a miserable situation for Goldman Sachs.
So naturally, the WSJ reports, bond traders are making Goldman jokes left and right….

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Henry Goldman III: These Are The Two Trends That Ruined Wall Street

| 16.03.2012

Yesterday, Business Insider interviewed Henry Goldman III, the great grandson of Goldman Sachs founder Marcus Goldman, to get his take on Greg Smith’s incendiary resignation letter in the New York Times.
His response: Smith’s asses…

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The Story Of Wall Street Pimps And Whores Extends Far Beyond Goldman Sachs

| 16.03.2012

Much has been written these past few days about allegations of impropriety at Goldman Sachs. For example, I commented on the Parasitic Behavior of Goldman to Its Clients.Some defended Goldman, however, there really is no defen…

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Check Out The List Of Wall Street Heavy Hitters That Had Lunch With British Prime Minister David Cameron Today

| 15.03.2012

Last night Prime Minister David Cameron was the guest of honor at a White House state dinner that included other notables like George Clooney, Warren Buffett and Sir Richard Branson.
Today it’s Wall Street’s turn to chat with Camer…

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WALL STREET’S WORST NIGHTMARE: The ‘Millionaire Madam’ Is Getting Ready To Make A Deal

| 15.03.2012

She said she wouldn’t do it, but the prospect of spending years in Rikers Island would change anyone’s mind (we imagine).
According to the New York Post, Anna Gristina, the alleged ‘Millionaire Madam’ who is accused of running a br…

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Bloomberg TVs Tom Keene Had By Far The Cheekiest Answers For Our Survey

| 15.03.2012

Every day at noon we watch “Surveillance Midday” with Tom Keene and let the man in the bow tie tell us everything we need to know for the day — he knows a lot.
The pillars of his show are economics, finance, and investment. B…

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BARRY RITHOLTZ: ‘Where Are Goldman’s Client’s Going To Go, To The Choir Boys At Morgan Stanley?’

| 15.03.2012

Barry Ritholtz, market commentator and CEO/Director for Equity Research for Fusion IQ was just on Bloomberg TV talking about the man of the hour, Greg Smith.
He said that a lof of what Smith talked about in his explosive Goldman Sa…

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