NYC mayor defends Goldman Sachs after editorial

(CBS/AP) NEW YORK - New York 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 he had visited the Wall Street giant to express his support after an employee wrote in a New York Times Op-Ed that executives there referred to clients as "muppets" and put profits ahead of customers' interests.

According to, Bloomberg's spokesman said, "The mayor stopped by to make clear that the company is a vital part of the city's economy, and the kind of unfair attacks that we're seeing can eventually hurt all New Yorkers."

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

Bloomberg says it's his job to support companies that provide a tax base for the city and employ its residents. He got his start on Wall Street.

London banker Greg Smith launched his dramatic public resignation Wednesday. The article has been widely circulated online.