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Jennifer Rubin Declares Screwing Over Customers A Virtue

The public middle finger extended to Goldman-Sachs by former employee Greg Smith confirms what was pretty much already known about Goldman-Sachs and the rest of the Wall Street economy wreckers. As such, it’s somewhat anti-climactic especially given that financial planning consultant Chris Markowsi of the Watchdog On Wall Street website left Wall Street, in disgust at the same sort of shenanigans that Greg Smith describes. Markowsi is more of Tea Party than Occupy but he hates scammers and exposes them regularly. According to Markowski, he could spend the whole three hours of his radio show just on what he calls the Mini-Madoffs.

Let’s be clear from the outset, Greg Smith is no angel. His very public exit from Goldman-Sachs is about his own fragile ego and the desire to settle scores. Mr. Smith played the Wall Street economy wrecker game and became wealthy in the process. His hands are dirty with the sort of slime that never washes clean. This is a man with no conscience and no regrets about what he did. Had that been the case he would have exited Goldman-Sachs far sooner. No one has to worry much about him joining the Occupy Wall Street protesters and most likely he’ll be up to more high finance villainy soon enough.

If Smith’s public temper tantrum reveals nothing new, it at least allows us to watch the defenders of the Wall Street economy wreckers. Goldman-Sachs, of course, did standard issue damage control claiming that Smith was just a low level employee and they were offended at the accusations. As a variation on Goldman-Sach’s CEO’s Lloyd Blankfein’s famous statement that Goldman-Sachs was “doing God’s work,” it doesn’t quite pass the smell test. Legitimate businessmen (not Blankfein) have weighed in on that Goldman-Sachs is an example of how things go wrong if you start a business simply to get rich, and they are right. The most successful businessmen such as Steve Jobs and Bill Gates became successful because they were passionate about computers and the money came from the products they developed as a result of that passion. By contrast, Al “Chainsaw” Dunlap is the example of business school theory run amok. Dunlap was great a destroying companies but when it came to actually running one (Sunbeam), he totally sucked at it.

We have the titanium-eared response of Jennifer Rubin. One really has to wonder whether Rubin is doing some sort of Republican performance art or whether she really has been so thoroughly brainwashed that she no longer can define the difference between up and down. “Next thing you know car dealers will be trying to sell you cars others don’t want, realtors will be pushing you to buy a more expensive home…,” stated Rubin. In other words, in Rubin’s world view the role of a business is to screw over customers and fleece the suckers. No doubt this is just fine with Rubin, who undoubtedly has such an elevated opinion of herself that she believes that she is far too clever to be fooled by the same Wall Street economy wreckers that she is defending. A lot of Bernie Madoff’s victims thought they were the clever ones as well.


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