Hi Slav,
I didn't imply that legal and corrupt are mutually exclusive. My point is much simple - Goldman is not corrupt. I just was through the list of Goldman controversies and couldn't see where they have acted dishonestly.
Seriously?
From the first paragraph of the previously linked article:
"Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country's already bloated deficit." They aided and abetted fraud. As for telling their clients one thing and doing another themselves? Setting up and selling a mortgage investment designed to fail? And more? http://www.wealthdaily.com/articles/how-corrupt-is-goldman-sachs/3994 Perhaps I just have particularly high standards (if not expectations) of what constitutes ethical behaviour in business. -- Lev Lafayette, mobile: 61 432 255 208 http://www.ietf.org/rfc/rfc1855.txt