Goldman CEO Challenged On-Air By Lou Dobbs

Goldman CEO Challenged On-Air By Lou Dobbs

Huffington Post   |   February 28, 2008 10:29 AM


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On Tuesday, Lou Dobbs challenged Lloyd Blankfein, the CEO of Goldman Sachs, to a fight while on the air. After discussing a new Economy.com report that 8.8 million American homeowners are now "underwater," Dobbs took offense at Blankfein's dismissal of his earlier claim that the economy was tanking.

Specifically, he noted:

Perhaps Lloyd would like to come on here and show me the error of my ways and educate me perhaps from his lofty Wall Street perch on how millions of Americans are faring and what their prospects are. Lloyd, you certainly -- I would love to have you do it. I would love to have you come on and talk to my face, not to my back, partner. I know it's not the way you do it on Wall Street there, hot shot, but try it here. Come on down. Open invitation.

See the video below:

(From CNN, 2/26)


 
 

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- VivaZapata See Profile I'm a Fan of VivaZapata permalink

guys like Lou play it safe by singling out malfeasance on an issue basis. the real deal, no matter where one is on the political spectrum, is that the fed reserve to the U.S.A. is a master slave relationship.

    Favorite    Flag as abusive Posted 08:35 AM on 03/01/2008
- VivaZapata See Profile I'm a Fan of VivaZapata permalink

Lou Dobbs is a populist poser. even so, he should watch his step: these guys are not above murder. BTW, Lou, Goldman Sucks is headquartered across the river from wall street on the jersey side in a big, ugly-on-the-inside-as-it-is-on-the-outside building.

    Favorite    Flag as abusive Posted 08:24 AM on 03/01/2008
- craneman See Profile I'm a Fan of craneman permalink

The Jews are coming, the Jews are coming---------

    Favorite    Flag as abusive Posted 06:01 PM on 02/29/2008
- VivaZapata See Profile I'm a Fan of VivaZapata permalink

stop being stupid, craneman: criticism of Goldman Sucks is not an ethnic or religious thing: it's a class thing. The WASPY Crockafellers are just as bad as the wealthy Jewish creeps.

    Favorite    Flag as abusive Posted 08:28 AM on 03/01/2008
- Dandy12 See Profile I'm a Fan of Dandy12 permalink

BPCentrisAmerica has it right! Lou, I wish you would concentrate more on the war on the middle class issue and how Bush/Cheney, the banks , oil companies, insurance companies, and lobbyists are screwing us all!! , and less upon the immigration fixation. You're a great commentator, and I bought my best friend your book last year for Christmas!

    Favorite    Flag as abusive Posted 03:26 PM on 02/29/2008
- Dandy12 See Profile I'm a Fan of Dandy12 permalink

If you lived in a house of cards, you'd deny it too. An attorney friend of mine (a former muni bond analyst) told me to start expecting bank failures...

    Favorite    Flag as abusive Posted 02:47 PM on 02/29/2008
- Boboday555 See Profile I'm a Fan of Boboday555 permalink

When you square off against these big, bad, brave, blue blood republicans and they don't have their scores of lawyers around, they whither like hot-house flowers exposed to direct sunlight!

This CEO clown is a typical republican...they tire easily.

    Favorite    Flag as abusive Posted 12:25 PM on 02/29/2008
- Joeseo See Profile I'm a Fan of Joeseo permalink

Way ta gooooo Lou!!!!

Please one day be our President.

Oh, also, please give the same invite to my govenor and former Goldman magician, Jon Corsine. He is busily peddling another Enron scheme. New Jersey is in so much hoc to Wall Street, he seeks to make it permanent.

Well,,, ok then I guess running for President or any other political office nowdays defines one as truly UnAmerican.

    Favorite    Flag as abusive Posted 11:38 AM on 02/29/2008
- speakingtruth2power See Profile I'm a Fan of speakingtruth2power permalink

Is the type actually getting SMALLER???

    Favorite    Flag as abusive Posted 11:10 AM on 02/29/2008
- vippy See Profile I'm a Fan of vippy permalink

How much profit can one make? Seems to me, that a company or corporation can only achieve
so much productivity unless they totally get rid of the workforce and then there won't be anyone
to buy their products or whatever they have to offer. Now in today's world they made more profit
by consolidating companies, ergo we suffer, because they buy up the competition and then they
meddle with demand and supply. How convenient. So in the end there will be only a few
companies/corporations and then how will they drive up the profit margin? I always wondered
about that.

    Favorite    Flag as abusive Posted 11:09 AM on 02/29/2008
- Mike169 See Profile I'm a Fan of Mike169 permalink

Maybe a fence around Wall St. will work.

    Favorite    Flag as abusive Posted 10:03 AM on 02/29/2008
- BPCentrisAmerican See Profile I'm a Fan of BPCentrisAmerican permalink

Lou Dobbs makes some good points on how the middle class is getting screwed in this country, the probem is, if I don't watch his show for a few days or even a few weeks, I don't miss anything. The blame the Mexican's first rant is just getting old, he needs to exspand the topic.

    Favorite    Flag as abusive Posted 09:12 AM on 02/29/2008
- KCFreedom See Profile I'm a Fan of KCFreedom permalink

I agree. It seems if you watch Lou only once a week or so, you really don't miss anything. Much of his recent broadcast is so dedicated to Clinton/Obama, just like every other MSM show, it just gets tiring, like the others.

At least Keith Olberman gets into other daily subjects, although some of the material is questionable. Leave the daily Britney news to Entertainment Tonight, and the like.

    Favorite    Flag as abusive Posted 11:04 AM on 02/29/2008
- EditMe See Profile I'm a Fan of EditMe permalink

If Lou kept up his attacks on runaway corporate power and excesses, as opposed to picking on immigrants every single day, he might actually have some credibility. But his obsession with people who are only trying to better themselves and gravitate to where they can find work is nothing but demagoguery. He should focus all his energies on the employers and moral corruption of a system that allows people with nothing to sneak into this country to be used like slave labor because they don't have a voice to complain about it. So, Lou, go after the Wall Street bigwigs -- that makes sense -- but quit picking on the weak. You'd be more credible that way.

    Favorite    Flag as abusive Posted 08:42 AM on 02/29/2008
- LeftLeaner See Profile I'm a Fan of LeftLeaner permalink

He doesn't pick on "immigrants". He is opposed, as am I, to "Illegal Immigration" which is destroying the economic fabric of our country, and dragging down the middle class with it.

The only ones benefiting from "Illegal Illigration" are the Fat cat employers who want cheap labor, and don't want to pay a decent wage to the American worker, AND the illegals, who are getting a free ride at the expense of the middle class by draining our infrastructure in using our FREE medical services, schools, welfare and other services.
There is no benefit to the working class American to have "ILLEGAL" iimmigrants in our country as unemotionally and factually stated above.

Why should I be "PRO" Illegals when they are just creating a harder financial burden than already exists for me and much of what is left of the dwindling middle class.

I don't buy into this rhetoric.

    Favorite    Flag as abusive Posted 04:50 PM on 02/29/2008
- LoRiseAntlers See Profile I'm a Fan of LoRiseAntlers permalink

"To be used as slave labor"?What the hell are you carrying on about?People are sneaking into the United States to be slaves?

that's utter rubbish,and you know it.Why don't you repeat this to construction and factory workers,who make less than they did 10 years ago,because illegals have driven wages down all over this country?Why don't you repeat this drivel to rural school systems who are bankrupt because they cannot afford to the teachers they've been hire to teach children that WON'T learn English?Or how about you tell this to communities whose hospitals are closing because they've been bankrupted by illegals who don't have to pay for health care they get at those hospitals?

Of course,you're not about to try this on people whose lives have been devestated by the never ending flood of illegals.

    Favorite    Flag as abusive Posted 01:17 PM on 02/29/2008
- Viper See Profile I'm a Fan of Viper permalink

If you wathed his show, you would know he has been attacking BUSHECONOMICs and free trade/Cheap Labor outsourcing and insourcing for 5 years.

Massive illegal immigration is part of the economic problem. High paying jobs outsourced to low wage countries, and jobs that must be done here getting hit with low cost illegal immigrants ( carpenters and brick/tile layers make half of what they did in the 1980s along with meat packing workers) who the middleclass then pays for their healthcare, their kids education ( with a 55% drop out rate and 65% gang participation) and the cost of where 6% of the population accounts for 32% of our prison population (apparantly they are not all harmless). Of course these costs are not paid by their employers! And God bless them, many work very hard and send lots of the money back to help their families in Mexico, but that is also a drag on our economy, sinc its money not spent here.

When you are on the same side of an issue as the Chamber of Commerce and George BUSH, you need to rethink your position.

Illegal immgration increased from under 500K per year during Clinton to a peak of almost 3 million per year. In 20 years we will be 400 million .. at what point will the environment be destroyed by over population in a country that has the worse literacy ranking and scioence/math test scores of any western nation and ahigher percentage of people in jail than in any dictator run country including Cuba..... Lets just keeping heading down this failed path to bankruptcy.

Regards

s

    Favorite    Flag as abusive Posted 11:11 AM on 02/29/2008
- TheWesternBreed See Profile I'm a Fan of TheWesternBreed permalink

Viper is correct. People never seem to remember that (for example) the anti-Chinese rioting and political action that California and the US saw in the 19th and early 20th centuries was only partly down to racial prejudice. It was mostly down to American workers' legitimate fear that Chinese laborers willing to work for rock-bottom wages would destroy them economically in the struggle for bread. Now the American worker gets it from both ends, with huge numbers of Latino and Asian incomers (willing to work for rock-bottom wages) taking low-end jobs here, and every other kind of job that could be sent overseas being sent overseas, for workers willing to accept wages that wouldn't even pay a baby-sitter in this country.

    Favorite    Flag as abusive Posted 12:59 PM on 02/29/2008
- Boobaloo See Profile I'm a Fan of Boobaloo permalink

Im with you EditMe.

    Favorite    Flag as abusive Posted 09:12 AM on 02/29/2008
- thepeoplechoose See Profile I'm a Fan of thepeoplechoose permalink

Wall Street brokerages such as Goldman Sachs are purely and simply about profits. It makes not a whit of difference to them how those profits are generated. We have just too many people who manipulate the financial markets to create a profit where there is truly no value at all in the service they provide. The service rendered is one where persons reap a monetary reward for doing absolutely nothing to warrant that reward. How about if we actually had people working and producing something tangible for a living. Manipulating an investment portfolio produces nothing and actually inflates the cost of real goods and services.

    Favorite    Flag as abusive Posted 06:19 AM on 02/29/2008
- DickTater See Profile I'm a Fan of DickTater permalink

We know that big players can make money at every point in the market. Make money when everything is going to hell, make money when it is raining money. They make profits when you buy the loan and they can make money when the loan defaults. They can manipulate markets, sell our 401k's on the asian market after hours and we wake up with a different portfolio than the one we went to bed with.

At no time in the gluttonous, greed sodden history of man....has so much power been concentrated like this. I am a big fan of "nothing new under the sun" but it is only a useful tool, not an ultimate truth. This is new. The ability to make money off the backs of poor people WORLDWIDE, with the click of a mouse. The ability to trade in any currency, to affect policy of whole nations, harbour criminals, offshore your capital, move your factory to Mexico or China, flood the airwaves with fake reports or PR spin, avoid lawsuits, ALWAYS ALWAYS ALWAYS make the individual citizens pay for everything such as: subprime lending bailouts, frauds, spills, penalties, legal defense crony funds, fines, crimes, superfund cleanup, tax hikes - they are in the business of MINING us, FARMING us, HUSBANDING us.

They don't want to have to make an honest buck. Why, when there is the huge American Feed Lot. All of us milling around and mooing.

You name me ONE financial crisis in the US history that was caused by the plain folks. The teachers or the plumbers or carpenters or welfare moms or the homeless or the pool cleaners or city workers or state employees or fags or hippies or grandmas.

    Favorite    Flag as abusive Posted 08:42 AM on 02/29/2008
- landmine See Profile I'm a Fan of landmine permalink

Very good, my friend. How did your brain become detached from the msm/government propaganda pipeline?

    Favorite    Flag as abusive Posted 08:35 AM on 02/29/2008
- buske See Profile I'm a Fan of buske permalink

An economy made up of only speculators is slightly better than an economy made up of only thieves.

    Favorite    Flag as abusive Posted 08:06 AM on 02/29/2008
- ProfessorDuh See Profile I'm a Fan of ProfessorDuh permalink

Precisely. And far too much of the U.S. economy is now based on this greedy parasitism, and not on the generation of actual wealth through the creation of goods. Paying the piper on this fundamental blunder is going to be a horrendous bill.

    Favorite    Flag as abusive Posted 06:38 AM on 02/29/2008
- schatsie See Profile I'm a Fan of schatsie permalink

!!!! Remember Goldman Sachs gave out bonuses of $39 BILLION dollars this year.

... so they are all doing fine and you can bet your sweet bippy they are not paying for income taxes or payroll taxes on that....Just keep sticking it to the middle class and then wonder why this ecomony is tanking when people cannot afford their homes, their cars or their educations...

    Favorite    Flag as abusive Posted 10:56 AM on 02/29/2008
- KennyFox See Profile I'm a Fan of KennyFox permalink

Lou's getting firey and I like it. Its all part of his "end of hte middle class" schtick and it works. I think he needs, then, to try to explain to his viewers also how the economy works -- talk about funds of funds, hedge funds, investments in loans, how does one invest in loans, how does that work, how is oil priced, how does it rise in the futures market, who is making those bets? What is a long call, what is a short call? If he can do that in layman's terms, to demystify how the financial markets work, I think Americans -- especially the middle class -- would understand more how they end up "underwater". If you tie that in to policy in DC, now it becomes all the more interesting, because guys like Blankfein run the US treasury dept, too, not to mention make millions in private equity holdings of companies waging wars or partnerships with nations we are allegedly supposed to hate. All very interesting, of course, and eye opening, and factual. The market knows this already, so its not a conspiracy theory. Show that middle clas how it works, Lou. Show them how the sub prime mkt started, who bet on it, how you bet on it, and how it blew up. Maybe Lou can even get Greenspan on to explain it to us.

When a 1,100 square foot ranch, an hour south of Boston, sitting on a quarter acre of land, built in 1973, is selling for $350,000, I hve news for you...houses have to fall a lot more before prices resemble something realistic.

    Favorite    Flag as abusive Posted 05:41 AM on 02/29/2008
- Delaware22 See Profile I'm a Fan of Delaware22 permalink

Lou, kick his butt! Generally, I like Lou. I don't agree with everything Lou says, but on this one...he's right. Sachs is part of the problem, unbridled greed.

    Favorite    Flag as abusive Posted 02:51 AM on 02/29/2008
- procrustes See Profile I'm a Fan of procrustes permalink

Couldn't have said it better myself.

    Favorite    Flag as abusive Posted 06:10 AM on 02/29/2008
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