Goldman Sachs claims to be concerned about the poor. I can't stop laughing.

This is better than "doing God's work".
 
That’s in an article they published entitled “Who Pays for Bank Regulation?”.

Their basic argument seems to  be that the cost of bank regulation has to be born by SOMEONE, but the wealthy and large bank customers can go elsewhere for loans, whereas less well off households can’t. As they put it, “…we find in general that low-income consumers and small businesses – which generally have fewer or less effective alternatives to bank credit – have paid the largest price for increased bank regulation.”

The flaw in that argument is that while higher bank capital ratios do clearly have a deflationary effect, that is easily countered by standard stimulatory measures – which in effect put more base money into the hands of every household and business. Thus while higher bank capital ratios no doubt make life more difficult for less well off households who want to borrow heavily, less well off households who currently borrow relatively little will be better off: they’ll find themselves in possession of more money, which will mean they don’t need to borrow so much, and in some cases, don’t need to borrow at all.

Of course it’s difficult to prove that those two effects exactly cancel out, but if the widespread belief that there’s too much debt is valid, then higher bank capital ratios will on  balance bring benefits: there’ll be less borrowing and less debt.