The Goldman Rule 0
As Bill Shein points out, Goldman Sachs was neither more ruthless nor less moral than anyone else on Wall Street.
But is Goldman Sachs or Wall Street really responsible for the long-term pickle that regular folks are in? Are they the bad guys, even in the particular transaction that the Securities and Exchange Commission has alleged was fraud?
Or, more likely, was the company just doing what our entire economic system demands they do, which is make money while, as much as possible, disguising the true impact of that money-making on people and planet?
They weren’t the only sharks trying to play with marked cards, but they were better at marking the cards.
The point of regulation is not to end the game, but to ensure that the cards aren’t marked.
