Bloomberg Calls Attacks On Goldman Sachs ‘Ridiculous’

NEW YORK (CBSNewYork/AP) — Mayor Michael Bloomberg says the attention given to a Goldman Sachs’ employee’s scathing editorial about the company is “ridiculous.”

On his weekly appearance on WOR Radio Friday, Bloomberg said that he had visited the company Thursday to express his support for the Wall Street giant, a day after parting executive Greg Smith quit via an Op-Ed piece in The New York Times.

1010 WINS’ Glenn Schuck reports

“I’ve never worked at Goldman but there’s an awful lot of people there that work very hard, they pay taxes, they live in this city,” Bloomberg said.

Bloomberg says people should keep in mind that most of the company’s clients are sophisticated corporations and financial institutions.

The mayor, who got his start on Wall Street, says Goldman is “a company that’s here to make money. That’s what they do.”

He says it’s his job to support companies that provide a tax base for the city and employ its residents.

In the editorial piece, titled “Why I Am Leaving Goldman Sachs,” Smith, 33, questioned the makeup of the investment bank, accusing the company of losing its “moral fiber,” putting profits ahead of customers’ interests and dismissing customers as “muppets.”

In a statement, Goldman Sachs said it disagreed with Smith’s assessment.

“In our view, we will only be successful if our clients are successful,” the statement said. “This fundamental truth lies at the heart of how we conduct ourselves.”

The essay was published Wednesday and spoofs, including “Why I am Leaving the Empire,” by “Star Wars” villain Darth Vader, quickly made their way onto the Internet. Smith also became a trending topic on Twitter.

(TM and Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

  • Jeff

    Bloomberg = Felon….belongs in jail……city time scandal..his illegal thrid term….in which he bribed city council members…last i saw, Bribery is a felony…….


  • Robert Lewis

    The only Ridiculous thing is you are still the mayor!



  • Peter

    when is this mans term up ? please retire and go away far away!!!!

  • RJ O'Guillory

    …oh , there we go Mr. Mayor….good, positive moral example your setting there…well,my gosh, if all the standard is for getting the Mayors support is that we “make money”…lets move on down to the heroin dealers in The Bronx…I mean, there is no need to consider morality or honesty in the company we are long as we make money for His Honor….
    (the Heroin Dealer is probably more honest)

    …what an immoral creep!! This is a man who should be one of the first effing’ criminals hung down in Times Square…when our court systems get around to trying and hanging all the 911 culprits….of which Mr. Mayor was most certainly a part of…..

    RJ O’Guillory
    Webster Groves-The Life of an Insane Family

  • CT Native

    How much $$$ does theMayor have invested with Goldman?????

  • Ed

    The deadbeat should attack himself. Pathetic.

  • Vik

    Liars and Thieves. Thieves and Liars. ‘Nuf said.

    • Ron Papschmear Popo

      aka jewz

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