Greg Smith Leaves Goldman Sachs

On the way out the door, former Goldman Sachs trader Greg Smith airs his feelings about his former firm on the opinion page of the New York Times here.

Its very interesting and to me personally, not one bit surprising.  I have been saying the same thing for years.  Calling clients 'muppets', 'joe six pack', 'pikers', there is nothing new here.

The only surprising thing about Greg Smith's admission is the reaction!

How Your Stockbroker (financial advisor) Gets Paid

Your stockbroker (financial advisor) gets paid in many ways but the four most common are discussed here in this short 14 minute audio clip.  Let me know what you think.  Visit Apple iTunes and listen to any episodes for free at http://itunes.apple.com/us/podcast/howtheinvestmentbusinessreallyworks/id504639704.