If one reads the mail of Goldman Sach in the late 1920’s and e-mails in 2007 in both cases they were pushing junk on their cleints.
Mr. Smith, a previously obscure executive who ran Goldman Sachs’s United States equity derivatives business in Europe, the Middle East and Africa, burst onto the public scene in a widely read Op-Ed article in The New York Times on March 14. In the article, he described “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.”