BUSINESS CLASS: The Gold, the bad and the ugly

This week our travels take us to Wall Street, where investment banks are being cast as terrorist cells, star fund managers are being demonised and where regulators are looking at things they shouldn't.

It's taken a while, but finally the GFC has a villain it can put a face to. Well, several villains, really; with Goldman Sachs being cast as the evil HQ of the investment banking universe, "Fabulous" Fabrice Tourre as the young Goldies henchman, drunk on power and greed, and John Paulson, whose previous role as the smartest investor ever is fast mutating into that of mercenary fund manager who cashed in on America's mortgage debt misery.


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