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Look, I meet a lot of these people on Wall Street on a regular basis
right now ... I know them. These are the people I have lunch with.
And I am going to put it very bluntly: I regard the moral environment
as pathological. [These people] have no responsibility to pay taxes;
they have no responsibility to their clients; they have no responsibility
to counterparties in transactions. They are tough, greedy, aggressive,
and feel absolutely out of control in a quite literal sense, and they have
gamed the system to a remarkable extent. They genuinely believe they
have a God-given right to take as much money as they possibly can in
any way that they can get it, legal or otherwise.
If you look at the campaign contributions, which I happened to do
yesterday for another purpose, the financial markets are the number
one campaign contributors in the US system now. We have a corrupt
politics to the core ... both parties are up to their necks in this.
But what it's led to is this sense of impunity that is really stunning,
and you feel it on the individual level right now. And it's very, very
unhealthy, I have waited for four years ... five years now to see one
figure on Wall Street speak in a moral language. And I've have not seen
it once.