Taibbi on the Goldman Sachs Op-Ed piece.

[trumad]

<snip>
The resignation will have an effect on Goldman’s business. The firm’s share price opened this morning at 124.52; it’s down to 120.72 as of this writing (it dropped two percent while I was writing this blog), and it will probably dive further. Why? Because you can stack all the exposés on Goldman you want by degenerates like me and the McClatchy group, and you can even have a Senate subcommittee call for your executives to be tried for perjury, but that doesn’t necessarily move the Street.

But when one of the firm’s own partners is saying out loud that his company liked to "rip the eyeballs out" of "muppets" like you, then you start to wonder if maybe this firm is the best choice for managing your money. Hence we see headlines this morning like this item from Forbes.com: "Greg Smith Quits, Should Clients Fire Goldman Sachs?"

This always had to be the endgame for reforming Wall Street. It was never going to happen by having the government sweep through and impose a wave of draconian new regulations, although a more vigorous enforcement of existing laws might have helped. Nor could the Occupy protests or even a monster wave of civil lawsuits hope to really change the screw-your-clients, screw-everybody, grab-what-you-can culture of the modern financial services industry.

Read more: http://www.rollingstone.com/politics/blogs/taibblog/a-goldman-executives-brave-departure-20120314#ixzz1p7mcKnEg

[nadinbrzezinski]

1. This starts well before they join any of these banks

The seed is at business schools and a whole culture that starts very early.

Our schools are producing Gordon Geckos by the bucketful.

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2. Exactly...

Here ya go:

[tridim]

4. "Inside Job" full movie in HD..

http://www.theotherschoolofeconomics.org/?p=2499

[hifiguy]

3. The business schools should be shuttered.

Every last one.

Move the accounting programs to the math or statistics departments. Society needs bean-counters, but it does not need marketing wizards or "financial engineers." And about HR, the less said the better.