Stephen Colbert on Goldman Sachs and Its 'Banker-dict Arnold'


On last night's Report, Stephen Colbert went after Greg Smith, the quitting Goldman Sachs exec whose scalding New York Times' Op-Ed yesterday accused the firm of screwing its clients in the quest for ever-greater profits.  This "Banker-dict Arnold," broke a sacred trust by going public with his complaints, which weren't even that big of a deal. "Time is money," Colbert points out. "And you don't want to waste your clients' money by wasting time thinking about them." Further shame on Smith for bringing up Goldman CEO Lloyd Blankfein's notorious comment about how Goldman was doing "God's work." In fairness to Lloyd, says Colbert, "he didn't say which God. Maybe it was Shiva, Lord of Destruction." Watch the clip:

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