Greg Smith, ex-Goldman Sachs employee, speaks out on 60 Minutes

By Marcus Goldman: The Truth always comes out in the end.

 "Many of us have, at some point in our lives, dreamed of quitting our jobs very loudly and telling our bosses exactly what we really think. Very few of us ever do it. But seven months ago, a vice president at the legendary investment bank Goldman Sachs did just that, resigning in an article on the op-ed page of The New York Times. The article caused a sensation -- not just because its author Greg Smith was saying, three-and-a-half years after the financial crisis, that the bank was headed on the wrong ethical course, but also because it's so unusual to learn anything at all about the inner workings of Goldman Sachs.

When people leave Goldman, they tend to do it quietly. Though the firm's gold-plated reputation took a big hit after the 2008 financial crisis, it's still regarded as the smartest, most profitable and politically well-connected firm on Wall Street, and the toughest place to get a job. Now, on the eve of publishing a book about his experiences at Goldman, Greg Smith is talking for the first time about what led him to leave the firm, and to do it in such a public way." Source

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