There was disheartening news last week regarding the way the U.S. financial system operates. I’m not referring to the opinion piece by a departing Goldman Sachs Group Inc. employee, which suggested that the company has little respect for its customers.
If you have a complex derivatives transaction in place with Goldman — or any other big Wall Street firm — and you didn’t know they thought of you as a malleable “muppet,” it may be time to replace your chief financial officer.
