The purring epigram

Wall Street has been buzzing now that a former exec at Goldman Sachs, Greg Smith, resigned by writing this Op-Ed piece in the NYT, smearing the firm and calling it out for its unethical procedures.

It is an interesting read although nothing he says is much of a revelation. It  does however in my mind confirm the need for two things:

1 - The return of the Glass Steagal Act.

2 - The immediate retrieval of clients money from too-big-to-fail banks such as Goldman and Bank of America. When banks lose the fear of going out of business, they think only of themselves and start screwing everyone.

TRUE FACT

by Binyavanga Wainaina