Dear Dirty America


Goldman Sachs & Their Client Muppets

March 15
21:41 2012
Los Angeles

Yesterday, an executive director and head of Goldman Sachs equity derivatives business in Europe, the Middle East, and Africa, laid bare the corrupt, criminal mentality of his firm. He resigned, yesterday, calling the Goldman Sachs environment toxic. His name is Greg Smith, and he describes his experience as:

These days, the most common question I get from junior analysts about derivatives is, “How much money did we make off the client?” It bothers me every time I hear it, because it is a clear reflection of what they are observing from their leaders about the way they should behave. Now project 10 years into the future: You don’t have to be a rocket scientist to figure out that the junior analyst sitting quietly in the corner of the room hearing about “muppets,” “ripping eyeballs out” and “getting paid” doesn’t exactly turn into a model citizen.

Will this wake up the general public to realize we are muppets and scum and are getting ripped off by firms like Goldman Sachs? It isn’t just their clients who they think of as germs. It is you, it is every American, it is the American economy, worker, and the overall financial health of this country.

To help bankrupt an entire nation, bet against the coming financial collapse, and then ask for billions in bailout money from the US taxpayer is all the proof you need of how Goldman Sachs feels about you. Do we want this kind of institution in our nation?

Smith goes on to demonstrate how the firm views its clients:

I attend derivatives sales meetings where not one single minute is spent asking questions about how we can help clients. 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.

It makes me ill how callously people talk about ripping their clients off. Over the last 12 months I have seen five different managing directors refer to their own clients as “muppets,”…

Is this capitalism? Are these people producing anything for society, or just sucking off the wealth of the global economy, and draining it of its prosperity? Goldman Sachs seems to be the cancerous tumor spreading its tentacles throughout the global body. Its heart is in the United States, and it should be this country to drive the stake through that rotten blob, and then start the complicated procedure of taking scalpel to society and surgically removing every last vestige of this traitorous firm. And all the rest like it.

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