Senator Edward Kaufman (D-Tenn.) was quick last week to accuse Wall Street of emerging from the financial crisis 'just fine'.
As Fortune's Geoff Colvin points out, however, this was just rhetoric as usual.
Colvin responds: 'Forgive me, Senator, but have you been in a cave the past three years ? You might want to ask the thousands of unemployed workers from Bear Stearns and Lehman Brothers, and you might want to check in with the former shareholders of Merrill Lynch, or the current shareholders of Citigroup. Those are four of the most storied names on Wall Street, and they did not come out just fine'.
Finally, here's an interesting comment sent in by one of our readers about Goldman Sachs and staff lunch hours:
'Hell, yes, Goldman staffers do lunch. The culture of the firm is to discuss things informally, so doing lunch with your internal firm network is considered an essential part of the collaborative culture.
That informality extends to being a voicemail firm, rather than an e-mail firm. Staff literally record a voicemail and then send it. I wonder if regulators were aware of this, and reviewed staff voicemail as well as e-mail when undertaking their recent probe of the firm'