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Goldman Sachs Has Friends in High Places, Led By Mayor Bloomberg
As the fallout over Greg Smith’s public resignation continues to swirl around Goldman Sachs, several powerful figures have rallied to the bank’s defense, including New York Mayor Michael Bloomberg — who made his fortune supplying data terminals to Wall Street — and Morgan Stanley CEO James Gorman. Even as Goldman faces a torrent of negative publicity — as well as the ire of a resurgent Occupy Wall Street movement — it’s clear that the powerful bank still has many friends in high places. Bloomberg stopped by Goldman’s lower-Manhattan headquarters to offer his support, shaking hands on the trading floor ... (full story)