Greg Smith, who publicly resigned in scathing op-ed, says investment bank's unethical culture threatens firm's future. Anderson Cooper reports.
Пікірлер: 1 300
@rfimor8 жыл бұрын
Basically he is saying that a Goldman salesman is no much different than any used car salesman. Not a big surprise to me.
@MaghoxFr8 жыл бұрын
+Temp User The responsibility that Goldman Sachs have is quite much higher, not to mention, that it's very clear they are a legal mafia.
@globaldigitaldirectsubsidi44938 жыл бұрын
+Temp User Then Goldman cars would imediately disappear after the transaction.
@Macdaddy.8 жыл бұрын
You can at least buy a warranty from a car used salesman
@Rays_Bad_Decisions5 жыл бұрын
A lot worse then a used car salesman
@MrSupernova1114 жыл бұрын
Surprise Surprise!
@lesliecone62325 жыл бұрын
I would be proud to call this man my friend. It is nice to know there are still some people in the financial arena who can maintain an ethical backbone. Thank you Greg Smith for your integrity.
@dairysmoreta61084 жыл бұрын
Leslie 🤦🏻♂️
@prod.winterxphool62274 жыл бұрын
He only walked away after making millions and scamming even though he knew very early what he was doing.
@SE-zl5he4 жыл бұрын
@@prod.winterxphool6227 i doubt a VP makes millions
@joon7693 жыл бұрын
I don't think he would call you likewise
@SE-zl5he3 жыл бұрын
@George O'Carroll it's not high enough up the ladder. He was mid-level.
@WildBassfly9 жыл бұрын
STOP CUTTING HIM OFF MID SENTENCE WHATS THE POINT I JUST WANT TO LISTEN TO WHAT HE HAS TO SAY
@geoh77777 жыл бұрын
Interviewers are more important than interviewees. Apparently. .
@niro566 жыл бұрын
No, because Anderson is a bonafide tool.
@JKahil5 жыл бұрын
Anderson Blows.
@mwilliams826844 жыл бұрын
Cooper always does that crap. He needs to ask the question and shut up! Let people respond
@bakedutah84114 жыл бұрын
Most of the instances of “cutting him off” are editing cuts, not Cooper actually interrupting the guy.
@GrassValleyGreg10 жыл бұрын
I love how Goldman Sachs has a KZfaq channel, but comments are disabled on every video lol
@tiffsaver10 жыл бұрын
I noticed that, too. Same as with fanatical Islamic videos. Birds of a feather.
@zezuxeef10 жыл бұрын
tiffsaver well the reason islamic videos are that way is because there are a very offensive people that will write some unethical comments in there.
@tiffsaver10 жыл бұрын
zezuxeef You mean, Islamic links like these, by actual Islamic sheiks, imams, and Muslim scholars?? Islam: how to Beat Your Wife Taliban Muslims chops off nose, ears of 19-year-old Bibi Aisha for "shaming" her in-laws IRAN EXECUTES GAYS (VIEWER DISCRETION IS ADVISED) Ruling on french kissing the wife while fasting www.islam-watch.org/authors/138-jake-neuman/1019-muhammad-existed-or-not-allah-is-certainly-a-fraudulent-creation.html www.answering-islam.org/Authors/Wood/pedophile.htm Burka Why do Muslims eat Halal - Unbelievable Why women should not convert to Islam - Ex-Muslim Woman. Ann Barnhardt - Female Genital Mutilation in Islamic culture (WARNING: GRAPHIC NSFW) (7 of 13) Dolls for little girls RE : Innocence of Muslims Full Movie - Prophet Mohammed Biography must see ! HOW MOST MUSLIMS TREAT A WOMAN Kurdish girl stoned to death because she falls in love with a sunni muslim The Prophet of Atrocity - Baby Brainwash unsettledchristianity.com/2008/12/textual-criticism-and-the-quran-muhammad-was-a-fraud/ www.muhammadanism.org/Muhammad/Ripped_Apart.htm wikiislam.net/wiki/List_of_Killings_Ordered_or_Supported_by_Muhammad IRAN EXECUTES GAYS (VIEWER DISCRETION IS ADVISED) Malala Yousafzai, 16, and Her Miraculous Story of Surviving Being Shot by the Taliban www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&ved=0CEAQFjAC&url=http%3A%2F%2Fwww.answeringmuslims.com%2F2013%2F10%2Fwas-muhammad-pedophile.html&ei=-FkqU9GjIOfD0AHZsYH4Ag&usg=AFQjCNFxu2avR8q2dh2AfJLL47b2T2oO3g&sig2=iNFwSp4oW6wmg7f7VgLFPg&bvm=bv.62922401,d.dmQ
@zezuxeef10 жыл бұрын
tiffsaver if this is how you view islam, then you have been misguided by an evil act, islam is peace and submission.
@santasa88889 жыл бұрын
tiffsaver OK, we get it - you are moron Islamophobe and thats cool, but your comment is misplaced.
@joycekoch57464 жыл бұрын
HR at Goldman Sachs was probably digging furiously through Greg's record to find a way to discredit him.
@warrenebuffett637 жыл бұрын
when you are not a psychopath and make it to the top
@umt64295 жыл бұрын
He's a vp. Not enough of a sociopath to become an md
@lisaproctor72764 жыл бұрын
Lol
@beamertoy4 жыл бұрын
Psychopaths trusting others to be psychopaths. That's why the goose is golden and it's made so no one shoots at it.
@dmars72644 жыл бұрын
@@beamertoy Great analogy!
@void77994 жыл бұрын
Pet your cats MD stands for managing director on wall street
@Jstoney1279 жыл бұрын
Hire this man for the SEC
@richsan268 жыл бұрын
+Jstoney127 how can you believe that. the same SEC is corrupt
@juanio70366 жыл бұрын
Jstoney127 if that happened he would have an unfortunate accident on his way to car.
@johannesandreasgribfibiger66776 жыл бұрын
The SEC .... haha because that's a completely independent body
@koendevriendt61206 жыл бұрын
they are not allowed to pay what he wants, i would think.
@StephenDoty845 жыл бұрын
No one else would hire this weasel. He's the type to never tell you your faults and then one day pay to have a sky writer tell the world instead out of the blue. A snake.
@nextari5 жыл бұрын
Great man, and Coop interviewed him like he was a criminal.
@SE-zl5he4 жыл бұрын
what's great about him?
@nextari4 жыл бұрын
@@SE-zl5he nevermind. I think if I explain you still won't understand.
@keysersoze50323 жыл бұрын
The dude wanted compensation and then became a whistleblower once he didn’t get the reward. He’s blowing smoke
@jacobnair67073 жыл бұрын
@@keysersoze5032 people like you are exactly the type of people goldman sachs scam
@fritzschnitzmueller37683 жыл бұрын
Yeah that interviewer is terrible
@fr17026 жыл бұрын
This guy has a good heart he’s really brave for speaking out like this
@moviedude226 жыл бұрын
Wall Street ethics is an oxymoron -- doesn't that sum it all up
@ravenkama69228 жыл бұрын
Love people like this! You can just see his genuine heart and soul all there.
@NYorkin7 жыл бұрын
he is like snowden in institutional asset management lol - and he did not come 1 moment too early!!!!!!!
@sonykroket7 жыл бұрын
Women shouldn't be allowed to vote, all they care about is "mah feels"
@KwameSenecaLP7 жыл бұрын
People like that are known as weaklings in England. He went to Wall Street but thought he was going to 7/11...smh
@patrickt8735 жыл бұрын
Haha...really?.
@srinidhi21_95 жыл бұрын
True . You are a good soul.
@TheSapphire518 жыл бұрын
Gosh an honest man with a sense of ethics and integrity.Worth his weight in gold. A hero of our times
@JeffreyGillespie6 жыл бұрын
Interesting how those ethics kicked in only after he'd made a few million, despite having discovered unethical behavior, quote, "in (his) first week".
@canefan176 жыл бұрын
A hero? Haha ok
@nofool96215 жыл бұрын
Of course it has to be a number of years before he realised what he's doing is ripping off people of their money and savings. Its hard to do that if you joined to make a good salary and at the top position. He has courage and honesty and reasoning capabilities to change and adapt to being a real teacher and guide for other people.. Hahaha I smoked too much!
@johnathangrey34635 жыл бұрын
And women still want the bad boy oh the irony.
@patrickt8735 жыл бұрын
You already believe him base on what?. Perhaps you already had a predisposition even before any evidence. Who is the muppet now
@ferdhinico.34027 жыл бұрын
I worked in the brokerage and banking department at Merrill Lynch and have dealt with multimillion dollar clients who have called me and literally cried because the financial advisor steals all their money in a legal way and they can't get it back. I see the issue but I can't do anything about it....so sad
@beatricerights2 жыл бұрын
wow
@appleman957dontcare5 Жыл бұрын
lol ok wana go tell the poor people now that the reason they no longer can have a house is because of people like you who lied about stock figures to "steal all their money" to get bigger and better bonus's
@vamostimow Жыл бұрын
how can that happen ?
@jatinshilen Жыл бұрын
@@divercamman3997it will cure a lot of things
@sergiorenatoreyes69672 ай бұрын
@@vamostimow fees. Fees all daaaaaaaay
@bruceLEEtheOne4 жыл бұрын
Why is 75% of this interview Anderson cooper talking
@daves.94794 жыл бұрын
Because, imo, CNN has become a cult of Op-Ed personalities pretending to be journalists and self-promotion is encouraged and rewarded and interviews are edited, I'd guess, to favor the interviewer.
@adamsmith34134 жыл бұрын
Because it’s all about them. Goldman was a better firm before they were transformed by the partnership change in the 1980s. The firm was a bastion of ethics in the 1950-1970s and I really mean that.
@mark-ish3 жыл бұрын
🤣 a cooper hater and a snow flake.
@pleasantturtle27993 жыл бұрын
@@mark-ish why would anyone hate a Vanderbilt family member who rose through the meritocracy to become the face of the national security news network
@mrczz66903 жыл бұрын
Doesn't wanna hear it, blah
@swathi60566 жыл бұрын
He is a braveheart ! Why can't we have more people like him in this world!
@inthevault96035 жыл бұрын
There’s always a high price to pay for integrity and very few are willing to pay it. But the return to one’s sense of self respect and honesty far outweighs anything that might’ve been lost.
@OriginalCovfefe3 жыл бұрын
He wasnt actually an executive, he was a “VP”, the title given to over 1/4 of Goldman Sach’s employee for senior level employees. Goldman gave that title to them because it sounded a lot better for clients that a “VP” was managing their assets instead of some senior level 30-year old.
@samnuebel2 жыл бұрын
yeah in investment banking there is two titles above a vp, director and managing director which both are below c suite level
@NotGahruvey10 ай бұрын
@@samnuebelwait so hes like a mid level worker? And his salary was 500k?
@RafaelCDet8 ай бұрын
@@NotGahruvey not sure about Greg's specific division , but for investment bankers at Goldman the starting salary is about 140k, going up by another 100-150k every 3 or so years going from analyst -> associate -> vice president. After that comes Managing Director and at that point (about 12-15 years into your career) you're pocketing a couple millions every year, but to get there you basically have to be the best at your job and also work 80-100 hours a week for the first 6 years.
@PiranhaJaw225 жыл бұрын
my cousin made $80K bonus at GS, and left after two years. he was burnt out from 90 hours a week.
@freakinfrugal52684 жыл бұрын
That's not a life. Wealth is not all it's cracked up to be.
@yourmum9974 жыл бұрын
PiranhaJaw22 He must have been in IBD or Merchant Banking. Sec Div (which is the division I and the person who resigned worked in) has better hours, generally in line with market hours, though pays less on the whole.
@yourmum9974 жыл бұрын
Harry Smith Oh yeah ofc; I only spent about a year and a half there as an analyst myself. You’re also right about VPs moving; not many VPs become MDs anyway (esp at GS) so they tend to get frustrated and either move to another company or leave the industry.
@mtadams20094 жыл бұрын
My wife worked for a large investment bank for ten years. She worked her way up to managing director, she made an insane amount of money. She worked at least 90 hours a week, traveled all over the world for them, thenthey fired her. They did her a favor as her job was slowly killing her and us. She is now is a consultant and works from home, works less than half the hours, walks the dog, never misses our kids games, takes care of herself. Wall Street is brutal.
@mtadams20094 жыл бұрын
@Harry Smith She is an extremely hard worker who worked her way up, even though she was not trying to make MD. It was only sorta terrible before she made MD then her boss left and the ceiling fell.
@boeingdriver293 жыл бұрын
A friend of mine in Australia got a job at one of Australia’s big four banks. On his first day during an induction course he was told in no uncertain terms that “ we are not here to make money for our clients, we are here to make money for the bank”. This is the standard mantra throughout all the banking industry. They are predators.
@therewill1584 Жыл бұрын
the client is there to make money for themselves, the bank is there to make money for themselves. everyone looks to their own interest, there's nothing predatory about that.
@gtbsaraiva6 ай бұрын
@@therewill1584 but legal and ethical conducts must be followed. But in Real world that doesnt aleays happen and what people must do is to get financial education
@MominNz5 жыл бұрын
this guy is truly one honest misfit in GMSachs. Absolutely correct.
@gowinidea7 жыл бұрын
Thumbup to Greg Smith for the heart of steel he has!
@bluedog033019989 жыл бұрын
One of Enron's stated corporate values..............integrity.
@-Muhammad_Ali-4 жыл бұрын
How could this seemingly intelligent guy seriously expect some honesty and integrity from a big financial firm?
@AndreyBoyd9 жыл бұрын
The golden recipe of investing business these days is: to take the most sophisticated products and try to sell them to the least sophisticated clients. Before it was called swindle now it is the quickest way to make money on Wall Street.
@outlawJosieFox6 жыл бұрын
Andrey Boyd and Trump has recently ripped up Obama administration legislation that says a stock broker has to do what is best for his clients. Now they can legally dupe people.
@canefan176 жыл бұрын
Andrey Boyd I’d be hard-pressed to find an industry that doesn’t do this. If a company has a product to sell, they are going to do what they have to do to move it. Buyer beware.
And then get a bailout when you’re still holding so much crappy product you couldn’t sell to others who would’ve had to actually eat the losses, and then use the bail out money to pay big bonuses
@chuckmcmicheal49996 жыл бұрын
Thank you Lord for making him someone to look up to and learn from. Be the light in the world
@murrayhart18 жыл бұрын
Good on you Greg for having the balls to expose these parasites.
@firefeethok_tui23553 жыл бұрын
Hire him for SEC or become a lawyer for SEC! Or something similar. Glad to know there are people with integrity at the top. Even IF they leave. He is doing the right thing. Unfortunately people who do this are regarded, but then discarded. Its sad. PS anderson is jaded and it really shows in the interview.
@JaySmith-rv4ro6 жыл бұрын
“Take the most sophisticated product and sell it to the least sophisticated client” sounds like Apple to me lol
@orueom77202 жыл бұрын
🤣🤣🤣
@chrisboston4 ай бұрын
I worked at Goldman Sachs 20 years ago and saw this back then, they claim to be full of “Integrity” and “Value” but the people at top are enriching themselves at the expense of most people
@kanishkkashyap92834 жыл бұрын
" He makes half a million dollars....a mid level job " 😂😂😂 No wonder clients are being riped off
@hadang78994 жыл бұрын
Half a million dollars a year and live in Manhattan is like 50k in countryside.
@thiagogregory14 жыл бұрын
@@hadang7899 no
@gabrielmondragon63083 жыл бұрын
500k in Newyork is nothing
@cocainaforall46363 жыл бұрын
@@gabrielmondragon6308 You’re not from New York.
@gabrielmondragon63083 жыл бұрын
@@cocainaforall4636 have you been to NY or are you from Miami?
@moviedude226 жыл бұрын
I wish nothing for the best for Greg Smith.
@majwor37635 жыл бұрын
Wow this video was enlightening. What a bunch of crooks. Hard to believe there still is a person who believes in ethics!
@ezrajuangarciacosio6766 жыл бұрын
What a human! your awsome my man, you are an inspiration to guys like me
@user-xv4gu9eb2p4 жыл бұрын
Bankers are smart, but their greed exceeds their intelligence. Never invest a dime with them long term. They will crash and then get bailed out, nobody ends up in jail.
@thehookgodz5 жыл бұрын
im too broke to watch this
@philipgates9884 жыл бұрын
The HookGodz Me too!!!
@freethinker30834 жыл бұрын
Never too broke to learn
@rbkfan2004 жыл бұрын
You’re broke, not poor. Broke is something you can change.
@toastytoastgod3 жыл бұрын
@@rbkfan200 so is poor
@eileenahern-ku9nx3 ай бұрын
I love your honesty and comment - your brilliant ❤
@djml7ml7979 жыл бұрын
's not always about the money. Respct man!
@audioplugrecords36862 жыл бұрын
This dude is a legend. Not alot of people will do this. Respect. One of these days people will have had enough of this garbage.
@theekiddunknown60694 жыл бұрын
The guy defending Sachs talks with 1 side of his lip up, that’s a person you can’t trust💯
@nobertstanel94285 жыл бұрын
,,Choose people by theyr values" - W.B Thumbs up for him
@cetti44057 жыл бұрын
stealing a pack of hotdogs to feed your family can get you 5 years behind bars - stealing millions of dollars from customers through deceitful banking deals gets your bank fined (no jail time for anyone, if caught), which amounts to nothing, and you a huge bonus... Wallstreet a place where thieves can commit crimes with impunity.
@markroberts45757 жыл бұрын
Sao Pooh :You got that right.spot on.
@MrShanester1175 жыл бұрын
Sao Pooh Nobody has ever done 5 years for stealing hot dogs
@freespiritedbeing3 жыл бұрын
Finance majors after listening to him say " you need a Phd in physics or engineering to understand these products" : 😒😒😒
@commonsense83345 жыл бұрын
The day will come for these financial institutions to pay the piper.
@frans-hugosmit3963 жыл бұрын
So super proud of this fellow South African!
@craiginzana7 жыл бұрын
I think it's worth noting that it's Anderson Cooper's job to play devil's advocate and make sure his story/point holds up.
@roflcopterszz7 жыл бұрын
right, that's his job. he's bad at his job :/
@tar64007 жыл бұрын
Fuck you Anderson Cooper is a walking piece of cooperate filth. Just because one pile of shit is smellier than the other, it doesn't make the first shit smell any better.
@chiffmonkey6 жыл бұрын
He never left the CIA, he's just undercover.
@zacharyhebert64236 жыл бұрын
cia controls the media, among other parts of institutions. unless we focus on taking them down nothing will get better
@joshuaharrell5546 жыл бұрын
zachary herbert that's what Twitter is for.
@hilarygomez70274 жыл бұрын
I love how Anderson Cooper said “it’s like fight club?” so excitedly
@JohnDoe-tw5og9 жыл бұрын
Criminals running the banking sector!
@CrappyApple00110 жыл бұрын
The Bible is misquoted by many as saying that money is the root of all evil. But it actually says "the LOVE of money is the root of all evils". When people value money more than anything ethical, it becomes a problem. I'm kinda glad I'm not wealthy by most peoples standards. The are very generous wealthy people, no doubt, but my guess is that they are in the minority. But in my mind, intentionally ripping someone off is equivalent to selling your soul. Read George Washington's farewell address to the nation. Its astounding. Just my two cents.
@buttbrowser7 жыл бұрын
Interesting. & thanks for tip about George.
@chiffmonkey6 жыл бұрын
The bible also contradicts itself, so I don't really take it as a great source of information.
@RR-rx2lt6 жыл бұрын
Like how george riped his slaves and native indians
@johna85416 жыл бұрын
Bobbo Morgan OK many of the others are either copying errors that doesn't change the meaning of the verse chapter or book. Others are misunderstanding of by you some mistranlations and some by a simplistic understanding due to reading out of context. Why would you take these examples at face value without understanding the translation or the verse in context? It's like when atheist say I don't believe in an old man living in the sky who sent himself to earth so he can be killed for the sin of another man. Well most don't believe this either. It's wrong theologically.
@NickLiang6 жыл бұрын
God never created currency or money, it is a human endeavour. Why would anything about money be in the Bible.
@yousaidwhaaaattt86318 жыл бұрын
Good for him for having some balls. WTG Playa.
@thebestofallworlds1875 жыл бұрын
the same people don't own the news media? just asking questions. could be put out for unknown motives.
@bikemibby22163 жыл бұрын
And thus wallstreetbets was formed
@yaya82706 жыл бұрын
I like how they explicitly make the point to say that GS has not committed any fraud from a legal stand point. Stealing people's retirement funds with fees/financial instruments they cannot understand is not a punishable fraud.
@donaldrobinson2142 жыл бұрын
But it's still fraud and what comes around goes around, this world cannot make it when everyone is just out for themselves
@leonjee42455 жыл бұрын
More like: "I'm leaving before we get caught for fraud and I go to jail."
@shadowflare22555 жыл бұрын
Literally
@spanishmontana61214 жыл бұрын
What's wrong with that ?
@beatricerights2 жыл бұрын
I can also start my own slightly more ethical firm.
@MagicalFlowers4u11 жыл бұрын
God Bless people like him!
@skoto82195 жыл бұрын
3:43 ahhh okay, south africa. i was thinking that was the weirdest australian accent i'd ever heard.
@gamingrewind60995 жыл бұрын
"no evidence of wrongdoing" LOL
@jl32689 ай бұрын
This intelligent man with a pure heart knew what was coming and he was right. I bet today he is doing something that is a service to others rather than service to self. ❤Bless him and his family.❤
@mattysoup5 жыл бұрын
7:58 untrue. Goldman pushed a huge amount of subprime mortgage derivatives. They just didn't hold it on their own balance sheet. Doesn't mean they didn't contribute. How could he say such a thing?
@spanishmontana61214 жыл бұрын
He got paid to say that
@Quantum36914 жыл бұрын
That's a dumb question with obvious answers.
@dake68444 жыл бұрын
Yeah, and that's why government bailed out GS. Noting to compare with Lehman, Bear Sterns and Countrywide, they all did well during financial crisis.
@dochmbi9 жыл бұрын
That description of Goldman Sachs ripping off its customers reminded me of The Wolf of Wall Street.
@mr.rochester18573 жыл бұрын
Goldman Sachs: “we did a self audit and found a tax rebate”
@pixelmartyr85325 жыл бұрын
Investments are crap. Banks sell a bill of goods and call it an investment.
@kaunas887 жыл бұрын
Only the most naive would consider Goldman Sachs to be "trustworthy". What a laugh! They helped Greece cook the books to get into the European Union. How can institutional investors be this ignorant and trusting. Remember: be skeptical of experts.
@habibbialikafe3395 жыл бұрын
be skeptical of everyone, but cynical of no one. find reasoning in people's actions and act accordingly
@georgem.24374 жыл бұрын
They get the job they got hired to do done. That creates track record, trust. Now regarding the Greek matter.... Name 1 country that didnt "window dressed" their books to create fiscal eligibility required for the Euro-zone. Deutschebank already got bailed out 3x. 1 via the irish bail-in, 2 by Greek PSI, 3 from a direct bail out from the german tax payers in 2006. P.s. i am geeek by the way 😎
@stevewoodson46354 жыл бұрын
Loaded dice Twin headquarters coins Mark. Cardstock Jumbled roulette wheel Flexibility slots machine arms Bumfuzzle bamboo baccarat table Computer hack into the update system
@ashleyhartley11774 жыл бұрын
@@stevewoodson4635lol casino is rigged
@xander1201 Жыл бұрын
You mean eurozone not the eu
@Boutit0315 жыл бұрын
Can't mistake that accent - South Africa or Rhodesia (Zimbabwe) 💪🏾🇿🇦
@kookokooko-xg5uo4 жыл бұрын
How come all the successful people coming out of South Africa are white ?
@gabrielmondragon63083 жыл бұрын
@@kookokooko-xg5uo breaking news, the faken sky is blue!
@kookokooko-xg5uo3 жыл бұрын
@@gabrielmondragon6308 yes it is. But you're not answering WHY is the sky blue or why are all successful people coming out of a predominantly black country white?
@thisguycanskate5 жыл бұрын
This man kind of looks like Jeff Bezos
@raby88814 жыл бұрын
Dylan OSoGood but younger
@jerkchickenblog4 жыл бұрын
this man is a decent person, bezos is satan on earth
@darkmatters90424 жыл бұрын
Just be coz he’s bald 👨🦲 he does not look like Be zoos
@mariogamefreak14 жыл бұрын
Dylan OSoGood he like Bezos nicer twin brother
@marcusmay54614 жыл бұрын
With two working eyes
@chuckjohnson33167 жыл бұрын
great clip for my econs class
@Jeanne9027511 жыл бұрын
Vulture culture...targeting pension funds & philanthropies. Ethical Wall Street is an oxymoron. Half a million dollars at 33 isn't doing too badly...he probably wasn't willing to work on the shady derivatives.
@stevewoodson46354 жыл бұрын
Lucky buzzard Billy's the update on your phone
@buncha14998 жыл бұрын
Really admirable that he did this. I wonder if he's endorsing Sanders?
@WaveGodx14 жыл бұрын
The Vice President of a huge bank only made half a million a year? Yea I’d leave too.
@tannerdpm4 жыл бұрын
Banks, esp. that size, hand out the VP title like candy. Goldman itself has over 10,000 VP positions. It's a fairly junior-level title.
@asimsohail18284 жыл бұрын
"VP" at investment banks is not a VP at any other company. There are over 12,000 "vice presdients" working at goldman. The VP you'd think about is the C suite officers that get paid over $10 million at goldman sachs
@hitmenext11829 жыл бұрын
8:26 XD Goldman Sachs is like Fight club
@filmerd5 жыл бұрын
Great hit piece. I hope you guys spend that Goldman money well!!!!
@MegaNainaa8 жыл бұрын
It is so sad that these bank and investment companies get away ripping off people while a person who perhaps stole a piece of bread because he was hungry goes to prison, no injustice.
@Wastelander19725 жыл бұрын
As he described it, it sounds to me like some of Goldman Sachs is guilty of Front-Running.
@stevewoodson46354 жыл бұрын
Yes true and the rest of right now we could meet at making sure that truth is that way galaxy kryptonite
@ef99846 жыл бұрын
The interviewer works for Goldman
@tommathew76845 жыл бұрын
Goldman Sachs will never fail. It's largest client is Philip Morris, representing over 13% of gross and nearly 60% of pretax income. They wouldn't hire me because I went to New York University. So I bankrupted them. Today they hire from NYU, not because of me but because students from Harvard do not want to work for them anymore.
@issemxfi3 жыл бұрын
When has any bank or financial institution been ethical? Or had any integrity?
@loboalamo9 жыл бұрын
He is alive. That is saying a lot. If he would have given notice, he would have been in the hands of assassins. Maybe its not over for him or his family. May he and his be protected, by our Creator and His everloving angels.
@Maximillian6939 жыл бұрын
exactly my thoughts. may he stay safe and alive. brave man.
@hossahunter224 жыл бұрын
If you buy something without checking the price somewhere else, that's on the buyer. Always shop around. But yeah, banking sucks
@missska92067 жыл бұрын
11:47 the fact that Greg is a disgruntled employee does not invalidate his testimony, especially that the practices he admitted to, were widely known and discussed before he came out. Frankly - the fact alone, that his book and testimony is that widely publicised signifies that GS came out of favour and needed bringing to heel (something like DSK affair).
@giggs1120086 жыл бұрын
Moral of the story...there is NO such thing as honesty, loyalty, or integrity when other people are dealing with YOUR own money/assets and especially massive corporations/financial institutions.
@donaldrobinson2142 жыл бұрын
Corporate America has no reason no desire or want to be honest, it is an entity in itself that only believes in greed not America
@shari777smith28 жыл бұрын
and now we know exactly why HRC won't release the 'transcripts.'
@TheLuminousOne5 жыл бұрын
Lot of respect for this man.
@CheeseMan13919 жыл бұрын
I think Frank P. didn't understand the Fight Club reference
@DavidNovaa3 жыл бұрын
Hes basically saying he's tired of watching Goldman rip his clients off
@WOLFMAN3056 жыл бұрын
7:30 I'm lmao at how they said they'll read his book first then they'll comment. Obviously it's only so they can prepare to negate everything he's saying. Damn, they really are savages.
@Bboydu780006 жыл бұрын
Investing what people are accusing them of before defending themselves, now that is some real strategy, i understand why those guys come from top schools
@chuckmcmicheal49996 жыл бұрын
Yeah, if they were so honest they wouldnt sweat a book.
@iancoker19874 жыл бұрын
they wanted to know just how much they would have to reveal and spin the narrative to avoid other issues. They likely have multiple moral shortcomings on larger scales that he was unaware of.
@dansnyder85894 жыл бұрын
500k is a mid-level salary...? Just goes to show you how much they suck out of people who deal with them.
@JohnVKaravitis3 ай бұрын
"Goldman Sachs." That's all I needed to hear. The comedy writes itself.
@JonahEnglerNY9 жыл бұрын
Great vid thanks for posting.
@kenimprov3 жыл бұрын
Well, as Warran Buffet always preaches, hedge funds consistently underperform the market. Instead of paying for "experts" for your investments, it's much more profitable to just buy the S&P ETF and sit and do nothing for 10, 20 years.
@224dot0dot0dot10 Жыл бұрын
Didn't Warren Buffett own a lot of shares of Goldman Sachs in his Berkshire Hathaway stock portfolio? Why did Charlie Munger and Warren Buffett purchase so much Goldman Sachs stock?
@wafaaahmed99397 жыл бұрын
OMG .realy ? I can't believe that !
@Gorevet5 жыл бұрын
The in-video advertisement for Goldman Sach's integrity at 3:18 is just too much, lmao.
@apope065 жыл бұрын
It took him years to realize they are corrupt? I dont by it! It got rich then ditched.
@dora71316 жыл бұрын
Bravo, Bravo!!
@JensHove6 жыл бұрын
"Criticism is warranted" - ??? - the top 10 people in GS should go to jail forever!
@eduardotirado8395 жыл бұрын
The guy has got integrity and balls. The same things they don’t have in Wall Street...
@TRINITYADAMS699 жыл бұрын
Probably walks like that because he has a happy girlfriend and is packin more than the average joe.
@anandpatnaik50394 жыл бұрын
he sounds very emotional
@dominique26934 жыл бұрын
This has the ring of truth
@christophertaylor31504 жыл бұрын
Very courageous yo speak Up about what is wrong when that is unpopular
@wrathofme0310 жыл бұрын
unethical culture or unethical ethos of capitalism?
@Trending.News.in.India.5 жыл бұрын
this guys looking very hardworking. His eyes tells me.'
@erickevitt48425 жыл бұрын
Just how long has 60 minutes had that stopwatch, and do they ever plan on getting a new one?...lol
@wadek91779 жыл бұрын
I know of friends and acquaintances whom have worked for Goldman Sachs, and they too reiterated the same concerns of Greg Smith. Frank's statement almost caused me to fall off my chair. "......if every bank was like Goldman we would not have had a crises" really? So the bank that caused the Greek Crises is better than other banks. This is the same bank that found out about mass defaults before every other bank and sold them off high risk securities to unsuspecting clients is an angel amongst the rest of wall street banks. HA!