Matt Damon Gives Wall Street A Piece Of His Mind

...via his commencement speech at MIT.

Over the weekend, Matt Damon gave a commencement address at MIT-- where he once worked as a janitor by day and a math genius by night-- and didn't let the fact that many of the graduates in the audience will soon be entering the finance industry inform the content of his speech.

matt damon

Damon...reserved some of his harshest critique for bankers, which he faulted for the 2008 financial pandemic that reverberated through the global economy...Calling the crisis "the biggest heist in history," the "Jason Bourne" actor insisted that financial institutions were aware of the ramifications of their actions, which he called fraudulent. "It was theft, and you knew it. It was fraud and you knew it, And you know what else? We know that you knew it," Damon said. "I don't know if justice is coming for you in this life or the next but if it does come in this life? Her name will be Elizabeth Warren," he added. Judging by the sparse applause during his comments, Damon may have been speaking to a less than receptive audience. In fact, a 2015 study by Harvard Business School found that finance was the ranked as most popular industry among MIT grads entering the labor market, with more than 8 percent taking jobs in the financial sector after graduation

Matt Damon blasts banks for 'biggest heist in history,' backs Warren [CNBC]


Matt Taibbi Is Disappointed In Wall Street

The next hedge fund manager to invest in Apple gets a horse semen pie to the face. ...all those super-rich people who turned to hedge funds with their millions in the hopes that bunches of Whiz-Kids from Wharton and Harvard and Yale would find unseen and wildly creative investment ideas to fatten their fortunes – all those rich clients are actually finding out now that those same Whiz Kids are buying Apple just like the rest of us [...] Jesus. After all that craziness in the last decade or so, after MF and the London Whale and all that nuttiness, this is what it comes down to? These guys are buying Apple? Couldn't we have just started off doing that and saved ourselves all that trouble? [...] Someday we'll get back to the time when the really smart guys from the best schools went to work for companies that built actual products, engineered more efficient cars, cured diseases, etc. Because it seems like our best minds kind of suck at investing. More Evidence That Wall Street Is Overpaid [TAIBBLOG]