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Goldman Sachs comes under fire from former VP

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Goldman Sachs comes under fire from former VP

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“As toxic and destructive as I have ever seen it”. That is the situation at Goldman Sachs bank, according to a London-based equity derivatives vice-president of 12 years standing. Greg Smith attacked the bank in a newspaper column announcing his resignation.

He accused several of the bank’s managing directors of contemptuously referring to their own clients as “muppets”, and ripping them off repeatedly.