Simply put: Arrogance in the face of trillions in stealth taxpayer bailouts.
Check out this story from The New York Observer. It's a profile of laid-off Goldman Sachs banker, David Webb, and his journey to Argentina after being terminated by Goldman.
There are a myriad of reasons for the public to rightfully despise Wall Street, from conflicted stock research to the exorbitant bonus strutcure. But the most important rationale for our anger should be the criminal leverage that was utilized by all the players to drive their phantom profits and real bonuses. Yet now during the de-leveraging phase, we taxpayers are being asked to swallow the trillions in losses. It is disgusting and unacceptable. And the photo above captures how many taxpayers have been made to feel.
But in case you needed any personal reasons to hate these fuckers even more, this article will provide you plenty. The author is sympathetic. We are most defintely not in agreement. I have worked with hundreds of knobs like David Webb and to know them is to dislike them. And Goldman Sachs, more than any other firm, is full of bankers and traders like Webb. His every quote oozes self-importance:
- “If you think about it, losing a high-paying job that you worked your entire life to acquire is a very traumatic experience."
You were 23 when you were hired and 26 when fired. Shut the fuck up. But he continues.
- “One minute I’m in the mountains of New Hampshire, the next I’m sleeping on this guy’s couch in Union Square. My girlfriend of two years broke up with me. It was the first time I had been without a serious girlfriend in five years.”
Oh, the hardship you have endured. Buenos Aires is apparently Spanish for useless tools.
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Listen to the first minute at a minimum. This one pretty much speaks for itself.
Song - Jump You Fuckers - By Gene Burnett
- "Hey Mr. Wall Street on the 50th floor..."