Wall Street firms like Goldman are making money from all of us.
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By Pratap Chatterjee
Who is Goldman Sachs? Wall Street's top investment bank, or a company that treats its clients like muppets in order to make as much profit as possible? And what does that mean for the rest of us?
Greg Smith, a Goldman Sachs executive director and head of the firm's United States equity derivatives business in Europe, the Middle East and Africa, touched off a firestorm last month when he quit the bank after writing a deeply critical opinion column in the New York Times in which he described the company as "toxic."
"The firm has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for," wrote Smith. "I am sad to say that I look around today and see virtually no trace of the culture that made me love working for this firm for many years."
Read it at the International Business Times