Goldman Sachs CEO Lloyd Blankfein: "I'm Doing God's Work."

Times Online:

Goldman's reputation is suddenly as toxic as the credit default swaps and other inexplicably exotic financial instruments it used to buy with glee. That's bad for the one thing it values more than anything else: business. Being the prime target for popular and political outrage could put Goldman first in line for draconian new regulation. So it has, reluctantly, decided that the time has come to speak out, to fight its corner. That's how, on one of those bright autumnal New York mornings when anything seems possible -- even an invitation to break bread with the masters of the universe -- I find myself walking past the security guard who held up Michael Moore and into the building with no name.

Read the whole story: Times Online

Comments

[medon]

08:21 PM on 11/30/2009

The only person more dangerous than Lloyd is David Petraeus. Happily, seeing Lloyd’s face everywhere is a sure sign he’s headed for a downfall. The Man of the Year syndrome etc.

[PhilipTaylor]

07:22 AM on 11/12/2009

THE SIX THINGS STEALING OUR DEMOCRACY AND TRUE CAP1TALISM (VAMP1RE BANKSTERS)

1. Our Corrupting V0TE Selling Campaign Funding System

2. The BANKSTER OWNED FED Reserve System manipulated by Foreign and Wall Street Banksters

3. Distorted TAX system - Go Back to 50 year Tradition= TOP TAX Rate of 63% to 94% on incomes over $550,000! Apply to Hedge Fundsters = NO MORE Capital Gains TAX!
Graph = http://pol.moveon.org/budget10/chart/?id=15734-8599887-MahjTHx&t=1

4. This CROP of Wall Street CR00KS CAN NOT BE REHAB1L1TATED, FAR T00 C0RRUPTED BY THE EASY SC_AM, and MUST GO! Same goes with Summers/Ge!thner!

5. Do away with any Product/De rivative/S wap that can NOT be put on an OPEN EXCHANGE because it is too complex. Do away with “TOO-COMPL EX-TO-EXIS T”

6. Use the added Revenue from #3 to build a NEW Manufacturing Economy that creates EXPORT WEALTH and SOLVES our ENERGY IMPORTATION from Our Enemies.

Overcome these SIX Problems and A Functional Democracy by the People and for the People will blossom.

[PhilipTaylor]

07:22 AM on 11/12/2009

TEN POINTS:

1. BANKSTERS GOT R1CH EASY WAY=USING HIDDEN FEES ON CROOKED INSURANCE! CASINOS are MORE Regulated!

2. BANKSTERS CREATED VALUE FOR THEMSELVES EXTRACTING VALUE FROM SUCKERS WHO F00LISHLY THOUGHT MARKETS WERE FAIR.

3. BANKSTERS SKIMMED-OFF PROFITS BY DUMPING RISK (Hedging) on OTHERS+TAXPAYERS. BANKSTERS USE Taxpayer Money to Continue their Leveraged SCHEMES.

4. Financial Services=NOT America's future! Making goods=Look at China #1 Creditor Nation!

5. BONUSES =KEEP THEIR BEST AND BRIGHTEST (MOST UNETHICAL) TH1EVES? This CROP of Wall Street CR00KS CAN NOT BE REHAB1L1TATED, FAR T00 C0RRUPTED BY EASY SCAMS! MUST GO!

6. BANKSTER System PROFITS=SKIMMED INTO EMPLOYEE POCKETS= NO SUCCESS

7. WALL STREET INCOMES = 400 to 550 TIMES the Average American
INEQUALITY=BUILDS THRIFT+CHARACTER IN POPULOUS = G0D’S WILL+NATURAL ORDER
INEQUALITY=Hard work+ Excellence+ Economic growth+30 Million Unemployed
INEQUALITY= Saves Stardom for the STARS?
We must Return to a TOP TAX RATE of 63% to 94% for 50 years pre-Reagan on incomes over $550,000 (70% on $212,000 in 1981)!

8. BANKSTER PROFITS TRICKLE-DOWN to Workers making Luxury Yachts and Such!
Untrue in Broad Sense!
TAX TOP INCOMES TO DENY DRAINING OF VALUE from REAL Economy +Replenish Gov Budgets!

9. BONUSES MEAN = NO GOVERNMENT CONTROL = MORE THEFT

10. BANKSTERS DID NOT CAUSE CRISIS (MUCH)?
Madison Avenue Mortgage Marketing+ Wall Street Created FEE LOADED MORTGAGE DERIVATIVES!
Wall Street Ownership of Government and Laws created the Vacuum of Controls on Finance!

[PhilipTaylor]

07:21 AM on 11/12/2009

G0LDMAN = THEFT and MORE THEFT! The DARK P00L G0D!

Extracting Value out of the REAL ECONOMY!

NANOSECOND AUTOMATED THEFT IS THEIR NEWEST GAME!

AMERICA'S RUINATION IS THE END RESULT! Thanks B1ankfe!n!

[PhilipTaylor]

07:21 AM on 11/12/2009

G0LDMAN+JPM+M0RGAN BONUSES = THEFT FROM AMERICANS

CBS Reports: WallSt Owns Congress=$7.5 Million/4 years on Average to Each Senator!

BONUSES = 10% of OUTSTANDING TARP ($350 Billion) IN ONE QUARTER

Five Biggest WallSt Banks are $30-$81TRILLION IN HOLE! ZERO loans to Main Street/Urban America!

$26 Trillion in Bailouts=Saved Banks+BONUSES = PAY IT BACK -NOW!

[ebanks84]

09:03 AM on 11/11/2009

The only problem with that is HIS GOD IS NOT OUR GOD. He idolize sin!

[BambooHarvester]

11:06 PM on 11/10/2009

BANKFIEND !
~

[BambooHarvester]

10:59 PM on 11/10/2009

blankfiend ~ You Little F~ing Money Grubbing . . . !
~

[Neil Mick]

03:00 PM on 11/10/2009

What a nauseating piece of puffery this was! While "embedded" with the "Titans of Finance," the journalist utterly failed to consider or give more than passing mention to any of the teeming millions of people who are the bankers' clients. You know...all those people actually responsible for the banks staying afloat?

What is truly amazing is the egocentric audacity of Blankfein shines even through the title, even as the author fawningly bestows florid praises and little-to-no critique of his subject. I just hope that he remembered to shine the guy's shoes, as he was kowtow'ing his way out of the "nameless" building...wouldn't want to leave a job half-finished, after all.

[Dartwin]

05:57 PM on 11/10/2009

The "journalist" is completely brainwashed. Sounds like the humble and dedicated Mr. Blankfein has ikea furniture in his office or something like that...

[karen1p]

12:19 PM on 11/10/2009

What was that old phrase from the 60's? "God is dead."

Maybe we should revive that.

[Dartwin]

05:53 PM on 11/10/2009

1860's I should say. Otherwise definitely agree!

[karen1p]

12:11 PM on 11/10/2009

"I'm doing $atan'$ work."

[hellboundtrain]

10:41 AM on 11/10/2009

My fellow Americans, do not be concerned or troubled that you see when the Wall Streeter/bankster/lobbyists are betraying us continually and severely , for in the end all is for the good of all of us, and you will see that we can do the most work for our benefit just as long as we keep things just as they are. And, do not be concerned with the Constitution and the Bill of Rights because we know what is best for all of us. Do not be concerned with what we have become, for this greatness is what we were destined to be!

Signed, Most of your politicians (but not all)

[searchn4truth]

02:14 PM on 11/10/2009

The reason he thinks he is doing God's work is because the bastard thinks he God.

[chronic relatavism]

10:03 AM on 11/10/2009

Yeah, he is correct; Satan could not find anyone more arrogant or willing to stoop lower, he is doing the god of this worlds work. The lord of the flies has found someone willing to sell out without regret or the slightest hint of conscience. Looking back on history, it would have been different if Hitler, Stalin, and Mussolini were bankers, this is the true path to world dominion. Politicians dance to the tune of $$$$, so who has more influence. It's not the band, it's the financiers who pay the bands; they even call the tune.

[TradeLosses]

09:17 AM on 11/10/2009

Lets all pray that the health care bill doesn't get stonewalled in the Senate...

good articles; http://financeopinions.blogspot.com

This is just one step in a staircase of much needed reforms after 8 years of destruction.

[Soulsurfer]

08:32 AM on 11/10/2009

He's such a kidder............hey, where's all the religionists to back him up?

[Hopeington]

02:36 AM on 11/10/2009

C Street member perhaps?

[TeeLolly]

10:24 PM on 11/09/2009

He must have gotten an advance copy of the wingnut Bible they're working on ...