I agree that there are some bad apples on Wall Street. I spent about ten years exposing corporate and financial fraud for 'Barron's' magazine and I found a lot to write about.
Sentiment: NEGATIVE
I have been fortunate that publications like the 'New York Times' and 'The Wall Street Journal' have allowed me to share some of my opinions with a wider audience.
I'm not a Wall Street expert, but I can read the papers.
There are a lot of ethical firms on Wall Street.
If you want to fight the evil you see in finance and industry, get to work reading the corporate filings, see if there has been fraud, and where you find it, report it to the SEC or write about it or blog about it.
I think when companies are struggling, they don't want to talk to the press. The guys who write business books aren't interested in it because nobody wants to learn what it's like to be a mess, you want to learn how to be successful. That's slanted the whole thing quite a bit.
If you have read me for any length of time, you know I am less than enthralled with much of what passes for financial news.
This is America: Corporate stealing is practically the national pastime, and Goldman Sachs is far from the only company to get away with doing it.
Over the years, many in the public have become numb to news of financial corruption, partly because too many of these stories involve banker-on-banker crime.
Early 2000s, we get Enron, which tells us the books are dirty. And what is our repeated response? We just keep pulling the threads out of the regulatory fabric.
One thing I detest most about the financial press is the lack of accountability. All sorts of nonsense is said without penalty.
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