Goldman CEO Challenged On-Air By Lou Dobbs

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)

Comments

[JAMES GORMAN]

BRAVO FOR LOU DOBBS--IT IS MARVELOUS TO HAVE SOMEONE TALKING ABOUT TANKING ON BEHALF OF US
THE BELEAGURED MIDDLE-CLASS AGE 70 JUST TRYING
TO HAVE A HALF-WAY DECENT RETIREMEN WITH SOME
PILLS.
YE GODS===WHAT WAS THE TRILLIONS NUMBER JUST
RECENTLY FOR WAR,DEBT, HOUSING MESS--AND CHINA'S 'CREDIT CARD' LOANS FOR THE WAR?? MR GOLDMAN IS PLAIN LYING, AND OF COURSE TO BENEFIT THE ISRAELI LOBBY THAT WANTS US UP TO OUR NECKS IN WAR WITH IRAN. NOT ME. J. GORMAN

[melonman]

I don't always agree with Lou's priorities, e.g., I believe he wastes too much ammunition on the immigration issue, but I support him wholeheartedly on his support of the downtrodden middle class.

It's not the immigrants taking down the middle class. It's those who, through a combination of luck and greed, have taken more than their share but still want more more more, leaving the rest, who are less fortunate and selfish, with less than their share.

[ADVOCATE4ZPG]

The DELUGE of immigrants--both legal and ILLEGAL--have diluted the pricing power of U.S. workers. Politically, it doesn't help that saps who WISH it were different have effectively bedded down--largely for reasons of POLITICAL CORRECTNESS-- with those who "have taken more than their share."

[atlantajoe]

That would be blood sucking politicians, look back in history and see when the middle class was strongest and compare the tax rates. The poor pay no income tax and get refunds through Earned income tax credit but middle class pays through the nose. Gut gov and let people keep their own money.

[atlantajoe]

Dobbs can talk tough all he wants but why is it a concern that some people owe more on a loan than the house is worth? If I buy a house today for $100,000 the payoff is projected to be more than that with interest. It's not like owing $10,000 on a car worth $1000. When the market picks up the book value of the home goes up.

[magnetplanner]

Tell that to someone who is upside down in Michigan. That market won't be back.

[atlantajoe]

Then the people that bought before the subprime mess are in the same boat.

[Ramirez]

Good grief. Dobbs is actually getting worse.

[StephenBarry]

Intellectually pummel that financial carpet bagger to a pulp, Lou baby !!!!!!!!!!!!!!!

[Olerist]

Sounds like an angry white man too me.

But he does have his point Blankfein.

[Blurp]

Go Lou!