Goldman Sachs has recently been painted as the “Evil Empire” by the media, society, and other competing firms since the 2007 Financial Crisis (Great Recession for those who prefer that), and I plan on writing my paper analyzing these claims. For those of you who do not know, Greg Smith, and ex-executive director at Goldman Sachs resigned last year in an OP-ED in the NY Times. In this OP-ED, Smith claims the culture of the “once great” Goldman Sachs, is what has hurt them in recent history. Goldman Sachs, responded by an intensive investigation of the firm in which very little of Smith’s claims were proven and as a matter of fact, Goldman has come back out at Smith. Smith then responded by writing a book about Goldman Sachs (just released) in which he discusses all of the major issues he saw with Goldman during his time there. Goldman, has also been faced with a variety of other scandals recently. I do think Goldman has been labeled unfairly, mainly because they have been put under a microscope because they have been considered “the best IB” for years and I also believe that many who judge Goldman are uninformed regarding their businesses.. The most recent issues, involved MBS, structured products/derivatives, and Goldman’s culture are very interesting and I think they should be looked into in more detail in Paper 2, especially, because the majority of these issues were brought up in previous classes. I previously worked at Goldman this summer, so I have been exposed to “both sides of the story” and I look forward to writing this paper. (ps. sorry for the late post, I traveled with the football team and did not have internet access).