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Posts Tagged ‘Goldman Sachs damage control’

Oppenheimer’s Al Loewenthal: Better to Remain Silent and Be Thought a Fool…

Posted by Larry Doyle on March 15th, 2012 8:06 AM |

Reactions I heard to the Jerry Maguire type bombshell launched by former Goldman exec Greg Smith ran the gamut yesterday.

There are those who questioned Mr. Smith’s sanity at committing career suicide. Others appreciated his airing of dirty laundry and “come to Jesus” expose. I personally believe if Mr. Smith wanted to lash out at those at Goldman who created the culture he came to detest, he may have been more laser like in his approach.

The hand grenade he launched into the Goldman camp was the equivalent of friendly fire and also hit plenty of very good people who work very hard to make an honest living everyday. I know very honest and very good people in the firm.

I welcome being the harshest critic of those who deserve to be called out.¬† (more…)

Would Goldman Sachs Defense Expose the Regulators and Legislators?

Posted by Larry Doyle on April 30th, 2010 2:17 PM |

When faced with significant threats to self-preservation, desperate people will take desperate actions. This reality is not always displayed in public, but the reality is that backroom dealings which lead to legal settlements are truly high stakes poker games.

On this note, for those interested in the markets and economy, who would not want to be a fly on the wall or a bug in the phone as dialogue and discourse flies back and forth between Goldman Sachs and officials from the Securities and Exchange Commission (SEC), Department of Justice (DOJ), Financial Industry Regulatory Authority (FINRA), Congressional subcommittees, and even the White House? (more…)






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