Goldman Sachs Launches Counterattack on Greg Smith

Goldman Sachs' headquarters in New York. Greg Smith wrote in an essay for the New York Times that the firm had lost its moral compass. (photo: Mark Lennihan/AP)
Goldman Sachs’ headquarters in New York. Greg Smith wrote in an essay for the New York Times that the firm had lost its moral compass. (photo: Mark Lennihan/AP)

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By Pat Garofalo, ThinkProgress

15 March 12

oday, Goldman Sachs employee Greg Smith excoriated the investment bank in a New York Times op-ed, resigning due to the banks “toxic and destructive” culture, one in which the bank’s trading profits took precedence over its customers’ financial well-being. Goldman managers allegedly called customers “muppets,” and traders routinely asked how much was being made ripping off one customer or another.

Goldman has been quick to push back on Smith’s claims, portraying him as just a disgruntled employee. Some employees told Fox Business’ Charlie Gasparino that Smith doesn’t know what he’s talking about because he “never made more than $750,000 a year.”

And of course, the financial press has begun reporting anonymous attacks on Smith, quoting “people familiar with the matter” saying that Smith was angry with the size of his bonus and his lack of promotion:

- The Wall Street Journal reported that “people familiar with the matter” said that Smith is just miffed that his bonus was small: “The circumstances of Mr. Smith’s departure aren’t entirely clear. When Goldman doled out annual bonuses earlier this year, Mr. Smith’s small payment became a point of friction, according to people familiar with the matter.”

Forbes’ Nathan Vardi wrote that Smith is just “having a midlife crisis“: “Smith is not the first person who wants to tell his former bosses to shove it. He is also not a whistleblower.”

The financial prognosticators at CNBC decided to mock Smith, saying that he would go form a media firm with Rolling Stone writer and staunch Goldman critic Matt Taibbi and the characters from Sesame Street. CNBC also compared Smith to Tom Cruise’s character in Jerry Maguire, airing the clip of that film when Cruise asks “who’s coming with me?” repeatedly, with no one actually going with him. Fox Business, meanwhile, insinuated that Smith just left because he didn’t get a promotion and was paid a small bonus. Watch a compilation:

Bloomberg’s William Cohan, author of “Money and Power: How Goldman Sachs Came to Rule the World,” said today that Smith is “now in the Witness Protection Program” due to his sure ostracism from Wall Street.

 

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10 Responses to Goldman Sachs Launches Counterattack on Greg Smith

  1. michael13 says:

    BARBARIC GOLDMAN SACHS-ROTHSCHILDS IMPLEMENTS GENOCIDES AND MISERY IN UNITED STATES AND EUROPE

    ” Wall Street Wants A Pound Of Your Flesh, And Obama Is Giving It To Them!
    October 27, 2013 • 1:54PM

    Statement from the LaRouchePAC Policy Committee

    ” Obamacare is not a disaster that was never intended to function. Its sole purpose was to justify massive reduction in the population, targeting the elderly and the poor first. Obama, under Wall Street and Bush family direction, has cut Medicare, Social Security, Veterans and unemployment the last four years to serve one simple end: lower the global population to less than 1 billion…………………”

    Download PDF

    http://larouchepac.com/node/28685

    1) THE ABOLITION OF THE GLASS-STEAGALL ACT PLAYED A FUNDAMENTAL ROLE IN THE POLICE OF MASSIVE REDUCTION OF THE POPULATION.

    ” Under Glass-Steagall, U.S. enjoyed nearly 50 years of prosperity
    October 30, 2013 • 4:48PM

    “Under Glass-Steagall, the nation enjoyed nearly 50 years of prosperity. Commercial banks loaned money. Investment banks did deals. Securities firms sold stocks and bonds. Insurance companies sold insurance. It worked,” points out St. Louis Post-Dispatch.
    The reprint of the Post-Dispatch article in a website, Creators.com indicates the growing urge among the millions to reinstate the Glass-Steagall Act of 1933 and prevent a massive financial and economic collapse which many fear is waiting in the wings.
    Recalling the role of Robert Rubin, President Clinton’s Treasury Secretary and co-chairman of Goldman Sachs in repealing Glass-Steagall, St. Louis Post-Dispatch went on to say that the boom years of the 2000s seemed to validate his wisdom. The world was awash in cheap capital. But, “then came 2008. The big banks had used federally insured deposits to invest in exotic financial instruments backed by outrageous mortgages. The banks were leveraged far beyond what their capital holdings would support. The world financial system teetered on the brink.”
    Pointing out the failure of President Obama to change the economic situation that existed in 2008, Post-Dispatch says : “Here’s a campaign slogan: Bring back Glass-Steagall. It was good enough for FDR. It was good enough for 50 years of prosperity. The money that is churning through international finance these days is doing just that — churning, creating profits, not jobs. It makes food and fuel and most everything else more expensive. It is an outsized Ponzi-scheme that enriches the few at the expense of the many.” http://larouchepac.com/node/28722
    ( Pro-Manufacturing Senators: Return to Glass-Steagall and the FDR Paradigm http://larouchepac.com/node/28715 )

    WHO CONTROLS GOLDMAN SACHS, ONE OF THE BANKS THAT WANTED THE ABOLITION OF THE GLASS-STEAGALL ACT ?

    GOLDMAN SACHS IS CONNECTED ALSO WITH WARREN BUFFET A FRIEND OF JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD.
    Lord JACOB ROTHSCHILD “Hosted the European Economic Round Table conference in 2002 at Waddesdon Manor, attended by such figures as James Wolfensohn, Nicky Oppenheimer, Warren Buffet, and Arnold Schwarzenegger ” https://wikispooks.com/ISGP/organisations/introduction/PEHI_Jacob_de_Rothschild_bio.htm https://wikispooks.com/ISGP/organisations/introduction/PEHI_Evelyn_de_Rothschild_bio.htm
    The same Warren Buffet, that is chairman of Berkshire Hathaway, ” agreed to purchase $5 billion in Goldman’s preferred stock “.
    https://en.wikipedia.org/wiki/Goldman_Sachs https://en.wikipedia.org/wiki/Berkshire_Hathaway
    GOLDMAN SACHS IS CONNECTED ALSO WITH THE EDMOND DE ROTHSCHILD. http://uk.linkedin.com/in/ruperttipler http://www.zoominfo.com/p/Christoph-Ladanyi/23971288
    THE EDMOND DE ROTHSCHILD IS OWNED BY BENJAMIN DE ROTHSCHILD ( https://en.wikipedia.org/wiki/Benjamin_de_Rothschild ) AND BY HIS WIFE ARIANE DE ROTHSCHILD
    ( https://en.wikipedia.org/wiki/Ariane_de_Rothschild ) http://www.lejdd.fr/Economie/Images/Les-plus-grosses-fortunes-de-France/Benjamin-de-Rothschild-206941
    ” Benjamin de Rothschild, only son of the late Edmond de Rothschild, was a classic case of great expectations gone astray. Despite being groomed for greatness from a young age, as a teenager he skipped university and instead headed for Los Angeles with dreams of being a film producer. In LA he started taking drugs, and ended up on heroin. Meanwhile, he failed to make it into Hollywood’s charmed circle and bombed as a film-maker. ” http://www.independent.co.uk/arts-entertainment/poor-little-rich-boys-1097744.html

    2) “Easy-Kill” Emanuel Trotted Out to Defend Nazi Obamacare
    October 28, 2013 • 8:47AM

    Displaying its typically unrepentant, “in your face” attitude, the Obama administration deployed Ezekiel “Easy-Kill” Emanuel this past weekend, to proclaim the virtues and success of Obamacare, even while making clear that its purpose is to kill people. Emanuel, one of Obamacare’s chief architects, is perhaps the most visible face of its evil Nazi intent—other than Obama himself.
    First in an Oct. 25 interview with Fox News, and then in an appearance on CNN’s “State of the Union” program this morning, Emanuel arrogantly waved off all charges that over a million people had had their health insurance plans canceled in the last few weeks because these didn’t conform to Obamacare’s standards, but that they would now end up paying much higher premiums and/or wouldn’t be able to access healthcare because of the fiasco of the healthcare.gov website.
    To the charge by Fox’s Megyn Kelly and CNN’s Candy Crowley that Obama’s promise, “if you like your healthcare plan, you can keep it,” was an empty one, Easy-Kill huffed and puffed, telling Crowley that the insurance plans that were just cancelled “are not worth the paper they’re written on.” Obamacare offers much better care, he insisted. He had told Fox’s Kelly earlier that if insurance companies are raising their premiums or changing plans, or if employers are changing plans or not offering them, well, too bad. “That’s not the government doing this.” The numbers being reported on young people not signing up “are irrelevant,” he said. It will all be fixed in due time. The United Healthcare-linked Steve Zients, hired to fix all the glitches, is a great guy and he’ll take care of it.
    Making clear that Obamacare really is about killing, Ezekiel cited as its “successes” the fact that hospital re-admission rates are already dropping, and that one of its key advantages will be that a lot more care “is going to be moved into the home”—naturally, since hospitals and clinics are being shut down at an accelerating rate—and that this is “very appropriate, because we’re going to have a lot more ability to monitor people in the home, fewer infections, fewer falls and a big cost savings.”
    Louisiana Rep. John Fleming, also a physician with an active medical practice, challenged Ezekiel’s flippant remarks, pointing out that Obamacare means the end of the family physician and medical practices, rubbing in that Emanuel “is not a physician in the classic sense in terms of actually seeing patients…. He sits behind a desk reading all of the studies…. but the people are now experiencing all the damage and hurt that’s coming from this.” http://larouchepac.com/node/28690

    ezekiel emanuel IS LINKED WITH obama AND THEREFORE WITH GOLDMAN SACHS. http://prof77.wordpress.com/politics/an-updated-list-of-goldman-sachs-ties-to-the-obama-government-including-elena-kagan/

    “Key figures in bringing about the ACA—including several with direct involvement in imposing this on the British health system— have explicitly expressed the T4 principle, that there are “lives not worthy” to continue.
    Dr. Ezekiel Emanuel, a longtime advocate for this Hitler health view, was appointed by Obama, in early 2009, as the health adviser to the Office of Management and Budget. In April, 2009, he was put on the new Federal Coordinating Council on Comparative Effectiveness Research, to devise rationalizations for cutting medical treatment. In particular, Emanuel stressed that the Hippocratic Oath caused “over-use” of medical resources, which must stop. ” http://larouchepac.com/node/28620

    “It was the launch of his presidential campaign and Goldman executives soon gave over $800,000 to jump start the Obama presidential bid along with collecting millions of dollars from their fellow Wall Street firms and clients. Oh yes, Robert Rubin became the Obama economic expert, a former CEO of Goldman Sachs. Billionaire Warren Buffet became his most trusted economic advisor, a man who was to invest $5 billion in Goldman Sachs in the height of the economic meltdown. Yet Buffet was also a personal guest of Lord Rothschild at a private conference at his English estate.”
    http://bignews.biz/?id=788260&pg=2&keys=financial-Rothschilds-Goldman-presidency

    ” Millions of Americans get their news from FOX News, the Wall Street Journal, or through some other news outlet owned by Rupert Murdoch. FOX News and Murdoch-owned news outlets generally support U.S. military action against Syria, but they do not inform their viewers and readers that Mr. Murdoch has a vested interest in war with Syria. Rupert Murdoch is part-owner of an Israeli-American company that has been granted the rights to explore for oil on the Golan Heights – Israeli-occupied Syrian land. It is highly unethical for FOX News not to disclose this information to its viewers.
    Israel has granted oil exploration rights inside Syria, in the Israeli-occupied Golan Heights, to Genie Energy. Rupert Murdoch and Lord Jacob Rothschild are major shareholders of Genie Energy – which also has interests in shale gas in the United States and shale oil in Israel. Dick Cheney is also on the company’s advisory board. ”
    http://therebel.org/index.php?option=com_content&view=article&id=686198:rupert-murdoch-and-lord-rothschild-the-oil-barons-of-occupied-syria&catid=139:bollyn&Itemid=1310&acm=636_685
    ” Elizabeth Neilson used the unflattering phrase as she remembered the ‘crazy’ life her model daughter Annabelle was sucked into after she met Rothschild on a beach in Bali in 1995.
    The pair were married for about two years, divorcing in 1998.
    The short-lived marriage, which it is understood Annabelle ended, was turbulent from the outset, with reports that the pair moved with a fast crowd of heavy drinkers and drug users in New York and London.
    Mrs Neilson also made it plain yesterday that neither she nor any memberof her family wanted to have anything to do with Nat Rothschild [son of Jacob Rothschild ] or his family again.
    Speaking from her £3million home in Chelsea, West London, she said: ‘Nat’s a very naughty boy. He always was when he was younger. ”
    http://www.dailymail.co.uk/news/article-1080664/Nat-Rothschild-naughty-boy-says-mother-law.html

    ” Obama Cutting Food for 47 Million Americans
    October 30, 2013 • 4:43PM

    President Obama bears direct responsibility for the cuts in food consumption coming now for the 47 million Americans who need and use food stamps to avoid “food insecurity” for themselves and malnutrition for their children.
    In 2009, when mass unemployment struck the United States and 15% were falling below even the absurdly low “official poverty line”, the so-called Stimulus Act (ARRA) added a subsidy to monthly food stamp “payments”. The subsidy has varied but has averaged $9 billion/year, as the number of Americans needing food stamps rapidly rose from 36 million to 47 million. But on several occasions in budget battles since then, Obama has told Democrats in Congress that there was “extra money in food stamps” which they should offer to cut as of FY2013 or FY2014, in order to avoid other cuts. Why “extra”? Because Obama’s “recovery” would lower the number of people needing the SNAP program.
    Congressional Democrats finally took Obama’s advice and ended the ARRA subsidy as of Nov. 1, 2014 — now. Many thought they would restore the funds later, but that did not happen.
    On Nov. 1, then, with the national official poverty rate at about 16.2%, there will be a SNAP cut of $5 billion for 2014 (from an $80 billion annual level). This is a 5% cut in the level of benefits nationally, from a maximum of $133 to $124/month (individual) and from a maximum of $668 to $632/month for a family of four — most states’ levels are lower.
    These cuts, dangerous to life, result directly from Obama’s “budget strategy”, which also includes cuts to Social Security and Medicare, some of which he has not yet forced Democrats to go ahead with.
    At the same time, the Farm Bill Senate/House conferees who met Oct. 30 are considering further cuts, of between $4.5 billion (Senate) and $40 billion (House) over 10 years. These cuts will reduce the number of recipients. The House version would knock about 5 million people off food stamps, and 280,000 children off free school lunches as well.
    Today 39 Democratic Senators, realizing that senior citizens, children, and disabled people, in particular, will die or suffer diseases of malnutrition as a result of this double-cut to SNAP, addressed a letter to the House/Senate conferees, urging that they make no “drastic cuts”.
    Also simultaneously, many states are imposing or considering additional cuts in eligibility, which will take still more food-short Americans off the SNAP program. ” http://larouchepac.com/node/28721

    3) ” United Healthcare, the largest insurer, with about 70 million insured, reported last summer that they had a particularly strong past year, with net income of $5.1 billion, up by 11% from the previous year; similarly for the others — even before the bonanza to result from the corporatist plan to force every American to buy their inflated products, beginning on October 1.
    United Healthcare, it should be recalled, has as a top executive Simon Stevens, who was Tony Blair’s health policy advisor and the architect of NICE (National Institute for Health and Clinical Excellence) in 1999, the “reform” of the British National Health Service which imposed triage and genocide on the British people through selective denial of cancer drugs, surgeries, kidney dialysis, and other treatments. This was the model for the IPAB (Independent Payment Advisory Board), which is now the law of the land under Obamacare. Genocide can be profitable. ” http://larouchepac.com/node/28409

    “UnitedHealth Group Incorporated is a diversified managed health care company headquartered in Minnetonka, Minnesota, U.S. It is No. 17 on Fortune magazines top 500 companies in the United States.[5] UnitedHealth Group offers a spectrum of products and services through two operating businesses: UnitedHealthcare and Optum. Through its family of subsidiaries and divisions, UnitedHealth Group serves approximately 70 million individuals nationwide. ” https://en.wikipedia.org/wiki/UnitedHealth_Group
    THE BIGGEST SHAREHOLDER OF UNITEDHEALTH GROUP IS FIDELITY. http://finance.yahoo.com/q/mh?s=UNH
    FIDELITY IS CONNECTED WITH BOOZ ALLEN & HAMILTON.
    ” Abigail Pierrepont (Abby) Johnson[4] (born December 19, 1961) is an American businesswoman. Johnson is President of Fidelity Investments Personal and Workplace Investing. Fidelity was founded by her grandfather Edward C. Johnson II and her father Edward C. (Ned) Johnson III is its current CEO. As of March 2013 The Johnson family owns a 49% stake in the company.[3]
    She had a brief stint as a consultant at Booz Allen & Hamilton from 1985–86, completed an MBA at Harvard, and joined Fidelity Investments ”
    https://en.wikipedia.org/wiki/Abigail_Johnson
    Arthur Johnson, an Independent Trustee of Fidelity, is also a director of Booz Allen & Hamilton. http://www.boozallen.com/media-center/press-releases/48399320/49502902
    BOOZ ALLEN & HAMILTON IS LINKED WITH CARLYLE, BLACKSTONE AND DEUTSCHE BANK. http://transmissionsmedia.com/the-911-illusion-part-ii-deutsche-bank-blackstone/
    “In 2008 Carlyle Group bought a majority stake in Booz Allen for $2.54 billion.”
    ” Carlyle is the 11th largest defense contractor in the US. It is 20%-owned by Mellon Bank (http://www.dkosopedia.com/wiki/Mellon_family) and is controlled by the powerful Blackstone Group (seeOverthrow of the American Republic), which dined cheaply on the carcasses of looted S&L’s at auctions held by Bush Sr.’s Resolution Trust Corporation. ”
    http://www.almartinraw.com/uri1.html http://transmissionsmedia.com/the-911-illusion-part-ii-deutsche-bank-blackstone/
    ” Henry Kissinger’s good friend Lord JACOB ROTHSCHILD sat on Bioport owner Blackstone’s International Advisory Board. (See Corexit Linked to the Blackstone Group and Lord Jacob Rothschild) ”
    http://transmissionsmedia.com/the-911-illusion-part-ii-deutsche-bank-blackstone/ http://beforeitsnews.com/gulf-oil-spill/2010/06/corexit-linked-to-the-blackstone-group-and-lord-jacob-rothschild-76363.html
    ” Blackstone was founded in 1985 as a mergers and acquisitions boutique by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers, Kuhn, Loeb Inc. ”
    https://en.wikipedia.org/wiki/Blackstone_Group
    Peter G. Peterson ” is founding Chairman of the Peterson Institute for International Economics ” https://en.wikipedia.org/wiki/Peter_George_Peterson http://larouchepac.com/node/28610
    Lynn Forester de Rothschild, the wife of EVELYN DE ROTHSCHILD, is a director of the Peterson Institute for International Economics. http://www.petersoninstitute.org/institute/board.cfm
    Blackstone is also related with the LCF EDMOND DE ROTHSCHILD, for example, through the person of Daniel Costa Lindo that is a M&A Analyst at Blackstone and was Private Equity Analyst at LCF Edmond de Rothschild. http://www.linkedin.com/pub/daniel-costa-lindo/32/255/543 https://en.wikipedia.org/wiki/Benjamin_de_Rothschild https://en.wikipedia.org/wiki/Ariane_de_Rothschild

    ” United Healthcare Firing Medicare Advantage Doctors, Panicking Elderly Patients
    October 28, 2013 • 8:50AM

    Within the past month, United Healthcare (UHC), whose Nazi leanings Obama and his twin Tony Blair find so endearing, began terminating contracts with 10-15% of its physicians across the nation, who participate in the Medicare Advantage plans, NJ.com reported on Oct. 25. This has sparked panic particularly among elderly patients whose often years-long relationships with their doctors have been suddenly and abruptly ended.
    Particularly outrageous is the Medical Society of New Jersey’s report that UHC hasn’t yet informed its customers that their doctors won’t be available after February 2014. Physicians groups are trying to get the word out because Medicare’s open enrollment ends Dec. 7. UHC said it won’t inform customers until after the doctor termination process “has run its course,” but that could be after open enrollment ends, so that people won’t have had the opportunity to find another doctor.
    In New York, UHC is terminating contracts with 2,100 doctors who serve Medicare Advantage patients in the New York metro region. There are 2.6 million elderly New Yorkers who receive Medicare, but one in three—900,000—are enrolled in Advantage, effectively a Medicare HMO run by private insurers. Many patients have chronic or severe illnesses, and have been treated by the same doctor for years, but are now left out in the cold.
    One physician, Dr. Johnathan Liebowitz, who has 30 Medicare Advantage patients, told the New York Post that he was blindsided by UHC’s decision to fire him. “A patient can’t see his doctor? What are they doing?” New York State Medical Society President Sam Unterricht has called for a congressional probe after learning of the extent of UHC’s firings. A better solution would be to dump Obama.
    Obamacare will slash billions in federal funding to Medicare Advantage, arguing that spending on the program is higher than regular Medicare and therefore “unsustainable.” Apparently human beings are unsustainable also. http://larouchepac.com/node/28691

    ” Team Obama Knew And Lied: Millions to Have Insurance Cancelled

    Multi-millions of people cross-country, who hold health insurance policies as individuals, are now receiving notices from their insurers that their contract is cancelled as of a specified date in the coming months. For example, 290,000 in the state of Washington have been so notified. The policy-holders are told: Good luck. Seek a new policy on the exchanges, which you will find is far more expensive, different and bad.
    President Obama knew about it from the very start, lied, and is getting hit with a renewed blast of rage from the population. He has repeatedly said, as he did in 2009, “If you like your health plan, you will be able to keep your health plan…” under his Affordable Care Act. It is estimated that some 14+ million Americans as of recent years, are holders of “individual” (that is, not employer or other group) health insurance policies. But under Obamacare, 50 to 80% of these people—10+ million—will receive a cancellation notice. Already, 2 million people have received cancellation notices, according to a CBS News report today, which is more than has been enrolled for coverage on the new exchanges! ……….. http://larouchepac.com/node/28713
    ( More People May Lose Health Insurance Through Website Crash http://larouchepac.com/node/28681 )

    ” Pushing Entitlement Cuts Goes Way Back with Barack Obama
    October 28, 2013 • 10:39PM

    High-level Democratic Senate sources reported to LPAC last week that in 2005, when Lyndon LaRouche mobilized the Democratic Party out from under their beds to defeat George Bush’s drive to implement Chilean dictator Augusto Pinochet-style Social Security privatization in the United States, the Senate Democratic leadership identified five Senate Dems who might bolt from the leadership to back Bush in privatizing Social Security. Top of that list? Barack Obama…….” http://larouchepac.com/node/28701

    4) GOLDMAN SACHS CONTROLS ALSO BRITAIN BECAUSE THE GOVERNOR OF THE BANK OF ENGLAND IS A MAN OF GOLDMAN SACHS.

    ” Bank of England Head Carney Hangs Out His Shingle: Financial Cancer Welcome Here
    October 28, 2013 • 8:53AM

    The new head of the Bank of England, Mark Carney, who took office in August of this year, intends to make the City of London even more friendly than it is now to cancerous financial speculation, if you can imagine that.
    In his first major speech on financial regulation, Carney, a former Goldman Sachs banker, told an audience organized by the Financial Times: “Five simple words describe our approach: we are open for business.” Among other things, he announced relaxed rules for collateral that banks must provide in exchange for Bank of England funds.
    In an Oct. 26 article in the Telegraph, Kamal Ahmed gushed: “The new Governor has shown a proper understanding of the role financial services play in Britain’s economic health. Yes, the banking sector might be four times the size of the UK’s national income—a figure Mr. Carney suggested could rise to nine times by 2050—but as long as that system is resilient and the taxpayer protected from ever having to bail out institutions again, it does not need to be a problem.” Ahmed quoted Carney saying: “The UK stands to benefit because of London’s place at the heart of the global financial system.” Therefore, the Bank of England “will now offer liquidity against a wider range of collateral, offer it over a longer period and lower the cost of the facilities,” Ahmed reported. “The City, after all, does support a million jobs in the UK, two-thirds of them outside the capital.”
    Ahmed also urged Carney, and the Confederation of British Industry, to put an end once and for all to any thought of ring-fencing or anything vaguely resembling bank separation—let alone a serious Glass-Steagall anti-cancer treatment—lest the City of London’s preeminent role in world finance be threatened. ” http://larouchepac.com/node/28692
    ” Great Britain is attempting to rebuild its empire, step by step, in the midst of the meltdown of the trans-Atlantic system. Earlier this month while on tour in China, Chancellor of the Exchequer George Osborne announced that the City of London hopes to become China’s offshore banking center, and it wants to corner 80% of the renminbi foreign exchange trade. Now both Osborne and Prime Minister David Cameron have announced that they want London to become the Islamic banking center of the world, as well…………” http://larouchepac.com/node/28709
    carney, osborne and cameron WHILE ARE MAKING PLANS FOR THE BANKS, IN THE SAME TIME ARE ABANDONING THE MOST VULNERABLE PEOPLE OF THE SOCIETY IN THE MISERY !!!
    “UNITED KINGDOM GOVERNMENT DENOUNCED FOR CRIMES AGAINST DISABLED PEOPLE TO INTERNATIONAL CRIMINAL COURT IN THE HAGUE”
    http://www.mssociety.org.uk/forum/everyday-living/united-kingdom-government-denounced-crimes-against-disabled-people-internation
    http://www.theguardian.com/society/2012/sep/12/private-firms-disability-assessment-regime http://socialinvestigations.blogspot.co.uk/2013/08/charity-sector-lobbied-jeremy-hunt-to.html
    http://socialinvestigations.blogspot.co.uk/2012/07/over-60-mps-connected-to-companies.html http://socialinvestigations.blogspot.co.uk/2012/02/nhs-privatisation-compilation-of.html
    “EXCLUSIVE: RED CROSS LAUNCHES EMERGENCY FOOD AID PLAN FOR UK’S HUNGRY”
    http://www.independent.co.uk/news/uk/home-news/exclusive-red-cross-launches-emergency-food-aid-plan-for-uks-hungry-8872496.html
    http://www.dailymail.co.uk/news/article-2240075/Now-sick-babies-death-pathway-Doctors-haunting-testimony-reveals-children-end-life-plan.html
    http://www.telegraph.co.uk/health/healthnews/9716418/Half-of-those-on-Liverpool-Care-Pathway-never-told.html

    5) “Glass-Steagall Campaign in Italy

    The following was contributed by Liliana Gorini, Chairwoman of Movisol, in Italy.

    In the last weeks, the debate over banking separation increased in Italy, as a result of the Movisol campaign to gather signatures 50,000 signatures for a proposed legislation on Glass-Steagall, and also as a result of the worsening economic and social crisis in Italy. More than 1,500 small and medium-sized entrepreneurs have committed suicide in Italy in the last year, because their firms, which were mostly family enterprises, went bankrupt as a result of the lack of bank credit.
    At the same time, the Monti government and the Letta government, gave banks that have been speculating in derivatives, such as Monte dei Paschi di Siena, almost EU6 billion, more than the revenues of the much-hated IMU property tax on homeowners’ residences, while cutting the social expense (pensions, health, education) as demanded by the EU. And now the discussion about bail-in and a 15% forced levy on bank accounts, as in Cyprus, is making the population very angry. ………………….. ” http://larouchepac.com/node/28706
    CORRUPT AND CRIMINAL EUROPEAN UNION HAS PREPARED BIG FUND (EUROPEAN STABILITY MECHANISM) WITH THE MONEY OF THE EUROPEAN CITIZENS TO SAVE SOME BANKRUPT BANKS.
    http://larouchepac.com/node/23172
    ” Deutsche Bank, now the number one derivatives- and currency-trading bank in the world through its City of London operation, survived to become what it is now — a monster with a $72 trillion derivatives portfolio — because it was massively bailed out in October 2008 by Timothy Geithner and the New York Fed.” http://larouchepac.com/node/26698
    ITALY AND THE EUROPEAN UNION ARE WELL CONTROLLED BY GOLDMAN SACHS.
    http://www.independent.co.uk/news/business/analysis-and-features/what-price-the-new-democracy-goldman-sachs-conquers-europe-6264091.html
    1) ITALY IS INCREASING ITS DEBT IN ORDER TO POUR, IN SEVERAL INSTALLMENTS, OVER 125 BILLIONS TO THE ESM:
    2) ITALY WILL INCREASE FOR A SECOND TIME ITS DEBT WHEN WILL ASK AS LOAN A PART OF THAT SAME MONEY WITH USURIOUS INTERESTS BY THE ESM IN ORDER TO GIVE THEM TO THE BANKS. http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.comedonchisciotte.org%2Fsite%2Fmodules.php%3Fname%3DNews%26file%3Darticle%26sid%3D12431%26mode%3Dthread%26order%3D0%26thold%3D0
    THE PRINCE GIROLAMO STROZZI IS A DIRECTOR OF MONTE DEI PASCHI DI SIENA.
    http://www.jaarverslag.com/pdf/bedrijven/amx/Nieuwe%20map/Banca%20Monte%20dei%20Paschi%20di%20Siena2003.pdf
    GIROLAMO STROZZI IS CONNECTED WITH TONY BLAIR. http://aangirfan.blogspot.nl/2006/05/blair-and-natalia.html
    AND TONY BLAIR IS LINKED WITH JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD.
    http://www.telegraph.co.uk/news/celebritynews/6672904/Roman-Polanski-will-be-too-late-to-complete-his-film.html
    “Tony Blair. Illegitimate Son Of Jacob Rothschild….Evidence”
    http://the-tap.blogspot.com/2012/06/can-you-spot-it.html https://en.wikipedia.org/wiki/Jacob_Rothschild,_4th_Baron_Rothschild
    http://www.dailymail.co.uk/news/article-1138789/Now-Tony-Blairs-finally-got-private-jet-hes-wanted-rented.html https://en.wikipedia.org/wiki/Evelyn_Robert_de_Rothschild
    NOW WE MUST NOTICE A STRANGE COINCIDENCE:” TONY BLAIR A GREAT FRIEND OF JACOB ROTHSCHILD AND ALSO GREAT FRIEND OF EVELYN DE ROTHSCHILD AND “CASUALLY” HE FOUND A GOOD PLACE IN THE BANK JP MORGAN”. http://www.rawstory.com/rs/2012/05/28/heckler-brands-tony-blair-a-war-criminal-over-jpmorgan-payments/
    http://landdestroyer.blogspot.de/2012/05/protester-calls-tony-blair-war-criminal.html http://www.thisismoney.co.uk/money/celebritymoney/article-2167655/Former-PM-Tony-Blair-alleged-earned-80million-2007.html
    http://www.thisismoney.co.uk/news/article-2167038/Tony-Blair-earned-20m-just-year-advising-business-bosses-foreign-governments.html
    JP MORGAN IS ALSO CONNECTED WITH THE EDMOND DE ROTHSCHILD CONTROLLED BY BENJAMIN DE ROTHSCHILD ( https://en.wikipedia.org/wiki/Benjamin_de_Rothschild) AND BY HIS WIFE
    ARIANE DE ROTHSCHILD ( https://en.wikipedia.org/wiki/Ariane_de_Rothschild ). http://uk.linkedin.com/pub/juan-bergas-sastre/22/39/898/en http://www.zoominfo.com/p/Richard-Madeley/89504503
    ( NAZI ” j.p. morgan SAYS POST-WWII ANTI-FASCIST CONSTITUTIONS ARE OBSTACLE TO REIMPOSING FASCISM ” http://larouchepac.com/node/26996 )
    http://waronyou.com/forums/index.php?topic=25529.0 http://larouchepac.com/node/28338 http://larouchepac.com/node/27485
    http://www.occupy.com/article/global-power-project-part-4-banking-influence-jpmorgan-chase http://larouchepac.com/node/28700
    THE BANK MONTE DEI PASCHI DI SIENA IS RELATED ALSO WITH THE EDMOND DE ROTHSCHILD CONTROLLED BY BENJAMIN DE ROTHSCHILD AND BY HIS WIFE ARIANE DE ROTHSCHILD.
    http://be.linkedin.com/pub/tiziana-rizzo/9/896/7ab http://www.linkedin.com/pub/amaury-nam%C3%A8che/a/bb4/51
    https://en.wikipedia.org/wiki/Benjamin_de_Rothschild https://en.wikipedia.org/wiki/Ariane_de_Rothschild
    http://au.news.yahoo.com/world/a/18263600/jp-morgan-under-investigation-in-monte-paschi-probe-document/
    ALSO ITALY ARE ABANDONING ITS DISABLED PEOPLE WITHOUT BENEFITS AND WELFARE. http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.nuovaresistenza.org%2F2013%2F10%2F26%2Flitalia-abbandona-piu-deboli%2F
    enrico letta, THE PRIME MINISTER OF ITALY IS PROCEEDING TO THE SELLING OUT OF ITALY. https://en.wikipedia.org/wiki/Enrico_Letta
    enrico letta IS A PUPPET OF GOLDMAN SACHS BECAUSE HIS UNCLE gianni letta IS “A MEMBER OF THE ADVISORY BOARD OF GOLDMAN SACHS INTERNATIONAL”. https://en.wikipedia.org/wiki/Gianni_Letta
    letta IS SELLING THE COMPANY ANSALDO TO DOOSAN, GENERAL ELECTRIC AND HITACHI.
    http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.ilmanifesto.it%2Fattualita%2Fnotizie%2FmricN%2F9907%2F
    DOOSAN IS RELATED TO MCKINSEY. https://alumni.mckinsey.com/alumni/default/public/content/jsp/alumni_news/20060926_JimBemowskiLBN.jsp
    MCKINSEY IS LINKED WITH TONY BLAIR, A NOTORIOUS FRIEND OF LORD JACOB ROTHSCHILD AND SIR EVELYN DE ROTHSCHILD.
    http://aangirfan.blogspot.com/2005/06/enron-mckinsey-tony-blair-cabinet.html http://www.dailymail.co.uk/news/article-1359330/Gaddafi-heir-Saif-inevitably-friend-Andy-Mandy.html
    http://www.dailymail.co.uk/news/article-1138789/Now-Tony-Blairs-finally-got-private-jet-hes-wanted-rented.html
    MCKINSEY IS ALSO LINKED WITH BENJAMIN DE ROTHSCHILD. http://il.linkedin.com/pub/michal-agmon/22/359/784 http://www.linkedin.com/pub/dir/Pascal/Chrobocinski
    GENERAL ELECTRIC IS CONNECTED ALSO WITH BP AND GOLDMAN SACHS BOTH CONTROLLED BY BLACKROCK. http://larouchepub.com/other/2007/3427bae_slimemold.html
    http://www.sourcewatch.org/index.php/BlackRock
    HITACHI ALSO HAS RELATIONS WITH GOLDMAN SACHS. http://www.hightechnewstoday.com/mar-2011-high-tech-news-archives/55-mar-07-2011-high-tech-news.shtml
    ” Professor Joseph Stiglitz, former Chief Economist of the World Bank, and former Chairman of President Clinton’s Council of Economic Advisers, goes public over the World Bank’s, “Four Step Strategy,” which is designed to enslave nations to the bankers. I summarize this below,
    Step One: Privatization.
    This is actually where national leaders are offered 10% commissions to their secret Swiss bank accounts in exchange for them trimming a few billion dollars off the sale price of national assets. Bribery and corruption, pure and simple. ” http://www.iamthewitness.com/books/Andrew.Carrington.Hitchcock/Synagogue.of.Satan/1998-2002.htm
    letta AND company ARE PREPARING TO TAKE THE TANGENT OF 10% BY GOLDMAN SACHS ? http://www.telegraph.co.uk/finance/markets/2809685/Italians-claim-country-run-by-Goldman-Sachs.html

    ” To remedy this crisis, we must undertake three important initiatives:

    1. SEPARATE THE PURPOSE AND PRINCIPLE OF MEDICINE FROM A DISEASED ECONOMIC SYSTEM. Restore the essence of the Hippocratic Oath as the philosophical center of the medical professions. The practice of medicine is meant to serve the development of people, not Wall Street financial conglomerates, and “population reduction” agendas.

    As Hippocrates said, “It is the duty of the physician, not only to do that which immediately belongs to him, but likewise to secure the cooperation of the sick, of those who are in attendance, and of all the external agents.”

    2. RESTORE THE GLASS-STEAGALL ACT OF 1933. The same Wall Street debt bubble which is crushing the Federal government is crushing the medical profession, as well as the rest of the economy. The only way to liberate ourselves from its destructive effects, is to restore the Glass-Steagall Act of 1933. Its repeal in 1999 opened the door to the growth of the biggest financial bubble in history. We must separate commercial banking from investment banking, and let Wall Street sink under the weight of its own bad investments.

    No more bailouts, or bail-ins, for Wall Street.

    3. IMPEACH PRESIDENT OBAMA. He has repeatedly demonstrated that he is incapable of performing the job for which we hired him. Multiple legal authorities have already assembled articles for impeachment. This man has failed you, and will allow you to die, with his inept and undeniably lethal policies that masquerade as “health care reform.”

    It is time for the American people and their medical community to wake up, before it is too late. ” http://larouchepac.com/node/28640

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  7. Stunned at sunset says:

    General post:

    Right! His bonus was only several million–too small to have satisfied him so he went south on his employer. Look who is reporting these aspects of Greg Smith. Reputable news sources who avoid opinionated blather, I’m sure.

    Arrrghhh! Go get ‘em Lloyd! But, seriously Lloyd, your lies aren’t big enough for us to view as so utterly fantastic that they, indeed, MUST be true. Nah! When we look at what you guys did to the United States, Mexico, Argentina, Chile, Brazil, Greece, Iceland, Ireland, Portugal, Spain, and Italy…we believe Greg Smith must be telling the TRUTH. Sorry. Excellent performance though!

    Perhaps you might succeed on the next planetary precession. It’s only 25,920 years from now. We all have to move on so, you’ll have to stay here and figure out a way to “explore the wisdom of separation.” Bye, bye, Starfighter!
    :o

    • Stunned at sunset says:

      Gee Whiz, Lloyd, I don’t think that my brother Lou is buying into your BS either! Sorry, but the FORCE is strong in my family!
      :o

  8. lou says:

    Anytime anyone tells the truth about someone or something, especially if that someone or something is as big and corrupt as Goldman-Sachs there will name-calling, belittling, hate and discontent and called disgruntled. Those in management at GS will direct their spin doctors to make someone like Greg Smith out to be a “disgruntled employee” who didn’t like the money he was making. They could also make Mr. Smith look as if he might be crazy. There are a number of ways to spin the truth to benefit the company. They’ll say anything to take the heat off of the company. Unfortunately for them we know how they operate and we take any rebuttal with a grain of salt…it means nothing anymore.

    Ask yourself, why would Mr. Smith just throw away his cushie $750,000 a year job to tell lies? That makes no sense. He knows he will be black-balled on Wall Street, he will be considered one that doesn’t work well with others….in other words, he’s done making the kind of money he was making. Why would he throw his life (as he knew it) away? Why? Because he felt urged to tell the truth, he felt compelled to let the world know how a company like Goldman-Sachs really does business. His higher self knew he had to get out of the slime and clean himself up. He did a very good thing and I send him love and I wish him well.

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