17 Mar '12, 11am

Wall Street Whistleblower Tosses Bombshell | Care2 Causes

Wall Street Whistleblower Tosses Bombshell | Care2 Causes

A departing executive of Goldman Sachs investment bankers has tossed a bomb back at his former bosses and Wall Street in general. In a seething op-ed for the New York Times , Greg Smith said that their rich clients were labelled ‘Muppets’ — meaning fools — and regularly ripped off and sold under-performing or bad investments. The environment now is as toxic and destructive as I have ever seen it. It’s purely about how we can make the most possible money off of them. If you were an alien from Mars and sat in on one of these meetings, you would believe that a client’s success or progress was not part of the thought process at all. The Times says that the industry’s reaction to Smith’s revelations has been “one giant firm after another has publicly proclaimed it is putting clients first.” On MSNBC, Michael Moore joked about the ’1%’ being ripped off by the ’0.01%’ and urged t...

Full article: http://www.care2.com/causes/wall-street-whistleblower-tos...

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Wall covering from sugar cane.... sounds yummy....

Wall covering from sugar cane.... sounds yummy....

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