For as long as we are in a financial crisis, anti-bank sentiment looks unlikely to wane. In the Great Depression, it was JPMorgan that felt the wrath of the public. In the Great Recession it is Goldman Sachs.
Animosity towards the firm has reached phenomenal proportions. The public seems to want to trace any negative event back to the firm. IndyMac’s private equity buyers got a sweetheart deal? Clearly it has something to do with Goldman Sachs, intimates a video that caused such a stir on YouTube in February that the Federal Deposit Insurance Corporation had to issue a rebuttal (US Banking: Private equity smells too strong for FDIC, Euromoney, March 2010).
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