In the video, Goldstein lauds the commerical banking industry for the good it does for society in lending to students, homeowners and small businesses. But she says that much of the financial engineering that occurs on the investment banking side is designed to get around taxes and regulation, which she says adds nothing to the economy but further enriches the one percent.
And although the Occupy movement briefly captured the world's attention, Goldstein says traders largely exist in a bubble and were barely touched by it.
Goldstein's Full interview:
[The Top 10 Quant Schools Of 2012]