Resigning banker Greg Smith claimed clients were referred to as 'muppets' to be ripped off. Time for some muppetology. Two weeks ago today, former Goldman Sachs employee Greg Smith published a scathing open letter in the New York Times. The "executive director and head of equity derivatives sales" lashed out at senior leadership for creating what he claimed was a "toxic" and "destructive" culture that put the interests of the investment bank ahead of those of its clients – who he said were routinely referred to in emails as "muppets" to be "ripped off". Now the media storm has died down, Goldman Sachs is going ... (full story)