Wall Street Learned Nothing; The big banks haven’t changed a bit. : Forbes


“With memories of last fall’s financial turmoil already beginning to fade, shareholders are starting to wonder how and when Goldman will redeploy its massive liquidity resources,” wrote Gimme Credit analyst Kathleen Shanley as Goldman Sachs reported $3.4 billion in quarterly profits. Just a few days before, Kurt Andersen’s essay Reset was published in book form. “It’s the end of the world as we know it,” Andersen says and then he argues passionately for 70-odd pages about the values that we’ll need to adopt and adapt to in our post financial crisis existence. For Andersen, the recession changed everything. But try telling that to Wall Street.

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