03/15/2012 10:48 am ET

Colbert 'Disgusted' By Greg Smith, Ex-Goldman Sachs Employee, For New York Times Op-Ed (VIDEO)

Stephen Colbert couldn't believe his eyes when he read the now-infamous New York Times op-ed "Why I Am Leaving Goldman Sachs," in which ex-employee Greg Smith offered a blistering takedown of the investment firm. Where Colbert comes from, you simply don't say such things about your boss, no matter how "toxic and destructive" you might find it.

Saying he was "disgusted" by the op-ed that has caused waves in financial sectors, he defended Goldman Sachs against the claim that they don't spend any time thinking about clients' needs, focusing only on their own profits. "Time is money! And they don't want to waste their clients' money by spending time thinking about them."

But Colbert was most outraged by Smith's attack on the often-attacked Goldman CEO Lloyd Blankfein, who Smith blames for the current atmosphere of the company. Colbert especially noted Blankfein's claim that the bank is "doing God's work," which Colbert saw no problem with. "He just didn't say which god! Maybe it was Shiva, lord of destruction!"

And of course, he also poked fun at Smith including his "bronze medal for table tennis at the Maccabiah Games in Israel, known as the Jewish Olympics." Quipped Colbert, "Way to reinforce the stereotype that ping pong players control the banking industry."