— Matt Taibbi and Molly CrabappleMack in other words was the perfect symbol of the idea, generally accepted on Wall Street, that lying and cheating to make money is acceptable. The code word for this concept is “sophistication,” meaning that it’s okay to screw certain kinds of investors because, after all, anyone doing business with Goldman Sachs should be “sophisticated” enough to look out for that sort of thing.
Replicated under Fair Use from The Divide: American Injustice in the Age of the Wealth Gap by Matt Taibbi and Molly Crabapple. (Pg. 327)