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.
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