Where is the surprise in this announcement? The Goldman Sachs “Muppet Hunt” is the moral equivalent to one “Elmer J. Fudd” looking for “Wabbits”.
So Goldman Sachs senior management goes on a “Muppet Hunt”, and surprise of surprises they dutifully report back to the Board of Directors that they have not found any “Muppets”. That it was all just sour grapes by the recently departed, disgruntled, disaffected, “Not meriting promotion to Managing Director”, employee. And that “No further actions should be taken.”(Let Sleeping dogs…).
The “Muppet Hunters” are more than happy to report that everything is all right within the Goldman Sachs Magic Kingdom. They dutifully report that Goldman Sachs Management and Employees are currently and in the past have been looking out for the best interest of their customers. Additionally they are pleased to report that Goldman Sachs currently does not place the company’s interest nor has it ever placed the company’s interested above those of their customers (What a bunch of Boy Scout) (A Goldman Sachs Employee is: Trustworthy, Loyal, Helpful, Friendly, Courteous, Kind, Obedient, Cheerful, Thrifty, Brave, Clean, Reverent). That 99 percent of the nearly 4000 emails that reference the word “Muppets” were not comments on their customers but were references to the latest Muppet movie.
So management of Goldman Sachs has fulfilled the requirements of those immortal words uttered by of Governor William J. Le Petomane “We have to protect our phoney baloney jobs here, gentlemen! We must do something about this immediately! Immediately! Immediately! Harrumph! Harrumph! Harrumph!”. And something they did, they investigated, and they reported that they found nothing (surprise), it was just one big snipe hunt.
Trust them if you want, but remember that a fool and his money are soon parted.