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	<title>Salon.com > Securities</title>
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		<title>Goldman Sachs tell-all tells little</title>
		<link>http://www.salon.com/2012/10/22/goldman_sachs_tell_all_tells_little/</link>
		<comments>http://www.salon.com/2012/10/22/goldman_sachs_tell_all_tells_little/#comments</comments>
		<pubDate>Mon, 22 Oct 2012 14:21:00 +0000</pubDate>
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		<category><![CDATA[Securities]]></category>
		<category><![CDATA[Greg Smith]]></category>
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		<category><![CDATA[Financial Crisis]]></category>
		<category><![CDATA[Wall Street]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[SEC]]></category>

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		<description><![CDATA[Greg Smith's "Why I Left" book shows a naive author and Wall Street misdeeds we know all too much about already]]></description>
			<content:encoded><![CDATA[<p>Greg Smith, the former Goldman Sachs vice president who told the world he was quitting with a New York Times Op-Ed in March, released "<a href="http://www.amazon.com/Why-Left-Goldman-Sachs-Street/dp/1455527475/saloncom08-20">Why I Left</a>," his tell-all book on the investment firm, Monday.</p><p>The book, "Why I left Goldman Sachs: A Wall Street Story," promised to elaborate on his essay, which decried Goldman for deceiving clients in order to earn the firm as much money as possible, even when it meant betting against a client's interest.</p><p>“I knew in my heart there was simply something deeply wrong with the way people were behaving, in the way they didn’t care about the repercussions, in the way they saw their clients as adversaries,” Smith wrote in his book,<a href="http://dealbook.nytimes.com/2012/10/22/is-greg-smith-believable/"> according to</a> a New York Times preview. Speaking to "60 Minutes" on Sunday night, the 33-year-old former equity derivatives salesman said that naive clients were considered a "golden prize": “[The] quickest way to make money on Wall Street," he said, "is to take the most sophisticated product and try to sell it to the least sophisticated client.”</p><p><a href="http://www.salon.com/2012/10/22/goldman_sachs_tell_all_tells_little/">Continue Reading...</a></p>]]></content:encoded>
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