OT: 60 Minutes : Greg Smith Interview

Submitted by Webber's Pimp on

Anybody catch the Greg Smith interview? This is the guy who quit his job at Goldman Sachs by way of an Op-Ed piece published by the New York Times. The interview itself revealed very little that hasn't been said already. But I found Prof. Frank Partnoy's contributions to this piece particularly disturbing. Talk about bending over? How anybody can say with a straight face that Goldman is known for its ethical behavior and good business practices is astonishing. This comes on the wake of a $500 million dollar fine and numerous other fines for misconduct (where of course the firm neither admitted not denied fault). Partnoy is a joke...

mGrowOld

October 21st, 2012 at 10:25 PM ^

It's there Don....you just have to know where to look.  His resume is available on line via his Wikepedia page http://en.wikipedia.org/wiki/Frank_Partno and if you scroll down you'll find this....

 

Service (yrs):   Chair, Appointments Committee (2); Chair, Faculty Colloquium Committee (2); Chair, Junior Faculty Roundtable (4); Director, Law Alumni Board of Directors (2); Treasurer, Law Alumni Faculty Golf League (4); Member, Dean Search Committee (1); Member, Self-Study Committee (1); Member, Appointments Committee (5); Member, Evening Program Committee (1); Member, Curriculum Committee (10); Member, Development Committee (3); Member, Graduate Programs Committee (2); Faculty Advisor, Business Law Society (1).

 

 

ChopBlock

October 21st, 2012 at 10:22 PM ^

JPMorgan blitzes off the short position; GS fakes a Credit Default Swap to the field and transfers the funds to its EMEA holdings coming the other way. Blankfein (-1) blocks down on the backside Euro Exchange Rate for a moment and then lets it go, then thinks he's messed up and borrows more from Germany. EMEA avoids collapse, then cuts up; Morgan Stanley who is further downfield liquidity-wise now comes up to contain and or tackle; he can't do anything and files Chapter 11. Blankfein ends up liquidating his Euro holdings but after EMEA beat him and doesn't actually make anything useful happen.

JHendo

October 21st, 2012 at 10:31 PM ^

 

I have no idea what you're saying or what you're talking about, but I'm sure this interview would be quite interesting to someone who did.  I do know, however, is that this really doesn't strike me as something MGoBlog readers care about reading (at least on here), especially the day after beating MSU.

Tater

October 22nd, 2012 at 6:53 AM ^

I'm still trying to figure out how someone could join in 2010, but not figure out in two years that politics is a no-no here, especially during the season.  

ILL_Legel

October 22nd, 2012 at 10:49 AM ^

Thank you M Go Bloggers for making me laugh my ass off before going to sleep on Monday night in Shanghai.  You took a disaster of a thread and made it a beautiful thing to me.

StephenRKass

October 22nd, 2012 at 11:42 AM ^

No, no, I didn't catch the Greg Smith interview. I guess I've been in a cave for too long, but who is Greg Smith? How is he related to Michigan? Is he a famous Michigan grad who I somehow never heard of? And even if he is a Michigan grad, how is this post relevant to mgoblog? I google searched "Greg Smith," and see that he did a piece on 60 minutes, and that the NYT has an article on him, but I still don't get it. What am I missing? Much obliged to anyone who can supply the missing link to a clueless heartlander.

Drbogue

October 22nd, 2012 at 3:16 PM ^

He did temper that remark by stating that those "ethical" standards are pretty pathetic coming from wall street. It wasn't really a ringing endorsement of Goldman. It's sort of like saying that the dude whose covered in less mud after the mud bowl is the cleanest guy of the lot.