There are two ways of looking at this. One way is: this guy knew full and well that he was engaging in illegal activity and thought he was bullet proof. The other way is: this guy was confused, genuinely confused about business ethics and the Martha Stewart Law.

Which brings me to the even bigger clown. You decide which scenario applies to him and the rest of the clowns at the NYFRB, including Turbo Timmah. 

Bottom line...with buckets of this kind of shit on Goldman's Board, is it any surprise that Fabrice didn't know better?

"Dear Lord Blankfein, in the name of Martha Stewart and Bishop Ivan of Boesky, please spare us the self adulatory bull shit about how the Men of G are some kind of genetically superior pedigree of low life Wall Street scum bag!" 

Martha, if you ever read this, here's to you!