This will be easy to misunderstand so bear with me while I try to explain--but I really don't get the whole Greg Smith thing. I mean--well, for sure he is s remarkable human story, this young man from a first-class education and top-of-the-line occupational experience who will put his career in the line in order to (as he sees it) speak truth to power What exactly did he think when he started at Goldman, and when and how did the scales fall form his eyes? I suppose we will get a chance to find out (Bill Moyers? Charlie Rose? Dear God, not Piers Morgan). I expect I'll turn a sympathetic ear.
But it can't be just the messenger who catches out fancy. It must be something about the message--but what? What in his account actually comes as a surprise to, say, anyone who has done business with Goldman in the last generation, or who watched what Hank Paulson did to Dick Fuld, or who stood hypnotized at the real-time implosion of John Corzine, or who read William Cohan's formidable account of Goldman's long nonlinear history? Which is to say, all those (of us) who are helping to boot Smith into the viral premier league. Aside from the fact that one suicidally brave young man was willing to unburden himself, what do we know now that we did not know before?