For the last 36 hours Bloomberg television has been trying to destroy the reputation of Greg Smith, the Goldman Sachs whistle blower. They've put on everyone they can think of who will demean him. They talk about how he'll never get another job. They talk about how low-level he is and they talk about the fact he only makes $500,000 a year.
This concerted effort to destroy his credibility makes me wonder if Wall Street learned anything at all about the financial crisis.
I no longer respect Mayor Bloomberg and will not watch Bloomberg.com. This unrelenting attack is one of the most vicious in journalism and makes Bloomberg look like Rupert Murdoch.
People who know Greg Smith, who worked in the London office of Goldman Sachs say he is a man of the highest principles. He is someone who is ethical to a fault. Because of this, he wrote an op-ed piece in the New York Times which talked about the culture of Goldman Sachs. He said the bank tried to make money for the firm at the expense of its clients. Goldman Sachs has had its ethics questioned over and over. Its flagrant self dealing is a matter of record.
We now know that Wall Street has learned nothing from the Financial Crisis. It will continue to do anything to make money at the expense of its clients. MF Global shows how little ethics matters on Wall Street.
Bloomberg has shown how little he respects the average American. I can't believe how much I used to admire him. Now I wonder just how slimy he is. Our country is in trouble and our public figures don't care.