Greg Smith's Goldman Sachs Op-Ed

  • Aired:  03/14/12
  •  | Views: 33,651

Stephen takes Wall Street executive Greg Smith to task for breaking the sacred trust of "The Street." (3:14)

[CHEERS AND APPLAUSE]

>> STEPHEN: WELCOME TO THE

REPORT, EVERYBODY.

GOOD TO HAVE YOU WITH US.

THANK YOU SO MUCH, LADIES AND

GENTLEMEN.

[CHEERS AND APPLAUSE]

[CROWD CHANTING STEPHEN] THESE

PEOPLE ARE NOT FOLLOWING AROUND.

THANK YOU SO MUCH.

YOU PEOPLE HAVE THE SPIRIT!

[CHEERS AND APPLAUSE]

NATION, FOR ANYBODY WHO LIVES

AND WORKS IN NEW YORK, YOU KNOW

THAT WALL STREET IS THE FINANCE

CAPITAL OF THE WORLD.

AND WHEN YOU WORK ON THE STREET,

THERE'S A SACRED TRUST.

YOU NEVER GO PUBLIC WITH

COMPLAINTS ABOUT YOUR BOSSES.

[ LAUGHTER ]

AND IN EXCHANGE ONE DAY THEY'LL

EXPLAIN TO YOU WHAT IT IS YOU DO

FOR A LIVING.

[ LAUGHTER ]

I'M DISGUSTED TO LEARN ABOUT

THIS OP-ED IN TODAY'S "NEW YORK

TIMES" BUT GREG SMITH ENTITLED

WHY I AM LEAVING GOLDMAN SACHS

IN WHICH HE REVEALED TO BECOME A

LEADER YOU MUST PER SQUAD YOUR

CLIENTS IN THE STOCKS YOU ARE

TRYING TO GET RID OF BECAUSE

THEY ARE NOT SEEN AS HAVING A

LOT OF POTENTIAL PROFIT AND NOT

ONE SINGLE MINUTE IS SPENT

ASKING QUESTIONS ABOUT HOW

GOLDMAN CAN HELP CLIENTS.

OF COURSE, TIME IS MONEY.

THEY DON'T WANT TO WASTE CLIENTS

MONEY BY SPENDING TIME THINKING

ABOUT THEM.

[ LAUGHTER ]

THIS BANKER-DICT ARNOLD.

[ LAUGHTER ]

EVEN HAD THE GALL TO ATTACK MY

FRIEND LLOYD BECAUSE HE SAID

GOLDMAN SACHS IS DOING GOD'S

WORK.

IT IS.

HE JUST DIDN'T SAY WHICH GOD.

MAYBE IT WAS THE LORD OF

DESTRUCTION.

[ LAUGHTER ]

[CHEERS AND APPLAUSE]

BUT THE GREATEST BETRAYAL OF ALL

OF THE REVELATION THAT GOLDMAN

SACHS DERISIVELY CALLED THEIR

OVERLY TRUSTING CLIENTS MUP

EVES.

THAT'S -- MUPPETS.

THAT'S AK RIT.

SOME WERE MUPPETS AND

UNFORTUNATELY ERNIE TOOK A REAL

BATH.

I MAY NOT AGREE WITH THIS GUY

BUT I HAVE TO SLEUTH HIS

PRINCIPLES.

ONCE HE FOUND OUT THAT GOLDMAN

HAD A CULT TOUGHER GREED HE LEFT

IMMEDIATELY AFTER 12 YEARS AT

THE FIRM.

I DOUBT HE WILL HAVE ANY TROUBLE

FINDING A NEW JOB BECAUSE HE

TACKED HIS RESUME ON TO THE

ARTICLE.

HE WON A BRNS MEDAL FOR TABLE

TENNIS AT THE MACABEA GAMES ALSO

KNOWN AS THE JEWISH OLYMPICS.

[ LAUGHTER ]

THIS GUY GETS TO JUMP TO THE

FRONT OF THE LINE BY ANNOUNCING

I'M THE THIRD BEST JEWISH PING

PONG÷ú PLAYER ON EARTH?

[ LAUGHTER ]

WAY TO REINFORCE THE HATEFUL

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