“Why I Am Leaving Goldman Sachs”
Greg Smith in today’ s New York Times
Someone had to say it. Some investment banks are thieves. That’s right, thieves who are not just looking out for profits, but are straight up jacking their clients and pimping the government– that would be all ‘a us, y’all.
And predictably, the smear campaign has already begun.
I don’t care if Smith’s a multimillionaire, has a book deal or has a grudge. If he’s having a midlife crisis, so what? He doesn’t have to prove his sincerity to me by going to work for the CFTC. Veracity is what matters.
Smith took a bold step today. We can only hope that it shakes some corruption loose. (cf. Bradley Manning)
Regardless of Greg Smith’s motives, I believe that he speaks the truth. Actually, I’m pretty darned sure of it since his remarks basically repeat Congressional testimony. But even if that weren’t the case, all I have to do is look at my 401(k) or Sharebuilder accounts and feel the cold, sharp fear of a penurious, marginalized old age.
What do you think?