Former Deutsche Bank managing director Stephanie Rhule interviewed former Goldman Sachs Managing Director Greg Smith on Bloomberg this week. From start to finish, the interview represents perfectly what you can and cannot expect from mainstream financial news outlets. You may get great coverage of the markets, but what you will not get is hard hitting interviews that expose fraud, illegality, corruption and unethical behavior on Wall Street. MF Global coverage by both major financial news networks already cemented this fact into living memory.
During the entire interview, Stephanie Rhule deflected the criticisms made by Greg Smith, against not only his former employer but the TBTF financial community as a whole, and instead chose to pivot each time into an attack on his reputation or by questioning his motivations. There was not a single time when she engaged him on his criticisms of Wall Street.
To pervert the words of Richard Nixon: “We are all Muppets Now.“
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saw that interview live…
what a bought and paid for propagandist bitch…..
he should have told her to screw herself and walked off the set…
I am always amazed at how well bankers keep their horns hidden.
I watched part of the interview on Capital Account. She never asked, follow up questions like a intelligent or bought off journalist would do. The ones that do tell the truth and ask the hard questions get terminated or leave these owned and paid for news stations.
WTF… I know they’re all bought and paid for, but Lauren has really shown her true colors there. She was downright rude with the guy.
LMAO @SB the guy Lauren is talking with his her boss.Lol
lol Charlie. I wanted to say something is scratching me… I’ve got the cat by its tail. lol
Goldman Sachs is thief, bad, corrupted, etc, just like all other banks around the world. They all steal our wealth with bailouts funded with taxpayers’ dollars and with stolen purchasing power by printing dollars.