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    Greg Smith Creates A Firestorm, But Is He Giving The Full Story?

    Fri, 03/16/2012 - 02:45 EDT - Seeking Alpha
    • GS
    • Jay Berkman

    By Jay Berkman:If you haven't read, or at least heard about the brouhaha surrounding GoldmanSachs' (NYSE:GS) former head of equity derivatives Greg Smith and his farewell-to-the-firm soliloquy in Wednesday's New York Times, you might be on an advance scouting mission to Mars on behalf of Newt Gingrich.Aside from this story occupying Wall Street and the hearts and minds of the talking heads at CNBC, as of this writing (1:40pm, EST), Google data indicates "Greg Smith/GoldmanSachs" has been mentioned more than 250,000 times across the "net", not including this phrase being one of the Top 5 Twitter tweet phrases across the globe.Greg Smith, Former GoldmanSachs VPMove over Ashton Kutcher; Greg Smith is now an uber super-star for bearing his soul in a dramatic ending of his career as the spawn of "The Squid." And let's not forget to mention that while Smith's letting the door hit himself on the wayComplete Story »

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    • Greg Smith's 'Why I Left Goldman Sachs'

      By Brenda Jubin: By now you've undoubtedly heard that Greg Smith's Why I Left Goldman Sachs: A Wall Street Story (Grand Central Publishing, 2012) has little to add to, or even to support, the charges he leveled against the firm in his New York Times op-ed piece. Those looking for evidence that Goldman Sachs (GS) really is, in Matt Taibbi's phrase, a great vampire squid, will have to turn elsewhere.

    • Cain Throws in the Towel; Gingrich's Serial Hypocrisy is Embarrassment to Republican Party; Ludicrous GOP Get-Tough Talk; Time for Romney and Gingrich to Step Aside as Well

      Herman Cain has "Suspends Presidential Campaign" which is a polite way of saying "I Quit". Republican Herman Cain suspended his campaign Saturday, saying that allegations of sexual harassment in the workplace and an extramarital affair have “sidetracked and distracted” a run for the White House. The accusations of personal misconduct, which he repeatedly denied, “had a tremendous painful price on my family,” he said.

    • How Does One Fake Tweet Cause a Stock Market Crash?

      At 1:07 p.m. on Tuesday, the Twitter feed of the Associated Press told us that Barack Obama had been injured in an explosion at the White House. The tweet was fake — the product of a hack — but given the events in Boston last week, the news spread like wildfire, garnering more that 4,000 retweets. The AP quickly addressed the situation, suspending it’s Twitter account, and alerting readers through associated accounts that the tweet describing an explosion at the White House was the result of a hack.  No harm, no foul, right? Well, not exactly.

    • How Does One Fake Tweet Cause a Stock Market Crash?

      At 1:07 p.m. on Tuesday, the Twitter feed of the Associated Press told us that Barack Obama had been injured in an explosion at the White House. The tweet was fake — the product of a hack — but given the events in Boston last week, the news spread like wildfire, garnering more that 4,000 retweets. The AP quickly addressed the situation, suspending it’s Twitter account, and alerting readers through associated accounts that the tweet describing an explosion at the White House was the result of a hack.  No harm, no foul, right? Well, not exactly.

    • AP Twitter hack causes panic on Wall Street and sends Dow plunging

    • We Are In The Midst Of A Secret Wall Street Hiring Shuffle

      January isn't usually known as a time when Wall Streeters start passing around their resumes, but that's starting to change, and it's all because of bonus season. Since the financial crisis, bulge bracket Wall Street banks have been handing out smaller bonuses made up of less cash. Now when bankers aren't happy with what they've taken home at the end of the year, they start to look for options elsewhere.

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      MarketWatch comments on the politics of Getting Back to the Gold Standard

    • Ron Paul on Jay Leno: His Best Video Ever; Paul Soars into the Lead in Iowa Polls; Paul Passes Gingrich in New Hampshire!

      Many people have serious misconceptions about who Ron Paul is and what he stands for. In a riveting video on the Jay Leno show, to a wildly enthusiastic audience, Ron Paul explains his position on numerous subjects.

    • Penn State Scandal Teaches Ashton Kutcher A 'Google Before You Tweet' Lesson

      Ashton Kutcher steps back from Twitter after tweeting in support of Joe Paterno, without realizing he was fired for covering up a sexual molestation scandal, not for being old.

    • Goldman, The SEC and the New Face of Wall Street

      James Picerno submits: Wall Street is a shadow of its former self, and not just because of the financial trauma in late-2008. Technology has long been reducing the relevance of big-city financial centers. Much of what passed as standard operating behavior among previous generations of bankers and money managers working in the financial canyons of New York, London and other cities can now be accomplished in the hinterlands, and probably at a lower cost.

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