An insider’s view of Wall Street criminality

Click here to access article by Andre Damon and Barry Grey from World Socialist Web Site. 

Greg Smith, an executive director at Goldman Sachs, announced his resignation Wednesday in an op-ed piece in the New York Times, denouncing the bank's “toxic” culture of avarice and fraud.

...The column describes an operation in which laws and regulations requiring financial institutions to deal honestly with their clients and protect their interests are routinely violated. The insider’s indictment of Goldman Sachs highlights a broader process—the criminalization of American capitalism as a whole.