“…..what a great job they did. They structured like mad and traveled the world and worked their tails off to make some lemonade from some big old lemons.”
~Email from Goldman’s Daniel Sparks, 01/31/2007
The Wall Street mystique died today. The “smartest guys on the street” gave us a glimpse of their “best and brightest”. You know, those guys who made more money on the housing collapse than your extended family has made since Plymouth Rock. Alpha males.
But as the day unfolded it became clear that the key ingredients to success at Goldman is not understanding the difference between right and wrong, and being smug. They seemed genuinely surprised they didn’t get the congressional lap dances we’ve all grown accustomed to seeing, and I think Goldie can make some more “lemonade” by wringing out their Armanis.
Watch Senator Carl Levin channel my old man:
The 75 year-old Levin (who’s still on my shit list for re-confirming Bernanke) beat the living snot out of these spoiled brats all day long. It was almost like living in a country with liberty and justice for all.