Goldman Sachs chief Lloyd Blankfein has turned!
Speaking at the Handelsblatt banking conference yesterday, the CEO said that bankers and traders had behaved irresponsibly and that public backlash against their salaries was justified.
Of course, he’s not offering to give back the $26 million Central Park penthouse he bought last year. I mean, what are you? Some kind of Marxist?
Nevertheless, the Harvard Law School graduate commented: “The industry let the growth and complexity in new instruments outstrip their economic and social utility as well as the operational capacity to manage them.”
He continued by saying, my-god-is-that-the-indoor-pool? House party up in this beeeyotch! Holler!
No doubt, Mr. Blankfein has done his job and made the rich even richer. He’s been well-paid for his service, so we shouldn’t lose sight of the fact that, although he can’t afford to hide behind a PR firm (yet), we must remember that he is a small fish and this is merely his introduction to the ruling class.
QuantumTom 