Wall Street's Top Banks Fined $53 Million in Regulatory Spanking

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Just over a decade ago, Wall Street banker Greg Smith published the book, "Why I Left Goldman Sachs," widely excoriated for being short on details of wrongdoing and, quite possibly, nothing more than the parting gripes of a disgruntled one-percenter ticked off over his bonus.

Yet some parts of the book still resonate today – in particular, Smith's description of Goldman's shark-tank culture and his contention that the bank specifically targeted unsophisticated investors in order to part them with their money – infamously calling them "muppets."

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Source Fool.com