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We're In Deep Sh*t! Goldman Sach's CEO Blankfein: The Worse Case Senario 'Absolutely Will Happen' - VIDEO

We're In Deep Sh*t! Goldman Sach's CEO Blankfein: The Worse Case Senario 'Absolutely Will Happen' - VIDEO

CNBC Video:
http://www.cnbc.com/id/100915696

Katie Holliday, CNBC | JUL. 27, 2013, 7:00 AM

Investors should always prepare for the most extreme risk scenario because it will happen, Goldman Sachs CEO Lloyd Blankfein told the Australian Institute of Company Directors at a breakfast briefing on Friday.

Blankfein, who's been Goldman CEO since 2006, steered it through the fallout of the global financial crisis of 2007-2008. He said the experience had taught him to accept that the worst thing you can imagine will inevitably happen.

Read more: : http://www.businessinsider.com/blankfein-worst-absolutely-wi...



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Who picked the title ? Fox News ?

The title of this post is do misleading I feel like its from CNN or FOX news .... Comon bro I expect better from my peeps on the DP

Goldmember777

Yellow!

^yep, I agree

Turns out it's just a run-of-the-mill risk management talk.

Headline spin is among my least favorite aspects of this website.

Thanks though emalvini for the clip. At least it was mildly interesting.

Yea, But Whom Gave Them That Impression Blanken-Fiend?

Blankfein said in his view, the major problem during the financial crisis was that ordinary people were banking on the fact that the scenario they feared the most, the collapse of real estate prices, was not a possibility.

Read more: http://www.cnbc.com/id/100915696#ixzz2aHlz1jUN

Further, Blanken-fiend and his Goldman, white-shoe boys got raises and stole our money,and left the American people holding the debt bag.

So now the day draws closer to an economic or dollar crisis, total economic collapse, rioting, starvation and death and Obama and his DHS will be out shooting American citizens in order to keep the peace..

What a frigin joke!

Blanken-sh*t or Blacken-Fiend is just another high level crook taking orders from his puppet masters..

He said you have to THINK that it will happen,

so that if and when it does happen, you are able to recognize quick enough to get the hell out before you have nothing left. Quite different from the title.

Someone Is DOWN VOTING Me Again...

I guess you people are tired of me..

Oh well, back to my Arlo Guthrie..

Boom!

Arlo is great!

As I understand it he is apparently quite sympathetic to the Liberty movement.

You BECHA!

He's the best...ARLO!

WE ARE ALL GOING TO DIE!!!!!!!!!!!!!

......some day

I hope this article is voted down till it goes away

The headline is very misleading and takes what was said way out of context. Not that the worst case scenario won't happen; it's just that what was said by Blankfien has no relevance.

You Can Die If You Want.. If You Go Threaten The President..

You will die very quickly in some remote and lonely place where no one will find your stinking A#S

Bankers...

the very people that can navigate through their self created Sh!t Creek, because we gave them all the paddles.

"We" didn't give them anything....

they stole it.

The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself.
Friedrich Nietzsche

???

So why is it he can say this in Australia but not here in America? Are Australians more able to comprehend what he is saying?

The nuclear option on mortgages. Let them eat yellow-cake!


http://youtu.be/QclVGUHvRvE
Help wanted. Editor for elite propaganda. Have bank statement. Will travel.

Investors ... Ha! I can fool some of my investors... And I can fool all of my investors... [Smirk.] "We bundled & peddled those crappy liar loans. Of course we knew what to expect. did a better job navigating through the rape & pillage risks of the collapse of the whole damn economy! prices of real estate...We certainly let 'em have it [smirk]! probably did royally screw the whole damn world! better on [that] than we did in managing our relationships with the wider society... Screwed 'em! Enough said. to say it wasn't perfectly executed is an understatement," said Blankfein.

Goldman Sachs' reputation came into clear focus under fire amidst the fallout from the nuclear option. the global financial crisis.

In 2010, the Securities and Exchange Commission filed a civil fraud suit arguing that the bank built the financial equivalent of a time bomb that was set up to fail and sold it to unwitting investors, referring to the sale of a structured product, known as a collateralized debt obligation (CDO), blamed for contributing to the bursting of U.S. real estate bubble in 2008. [Roll eyes. Show an expression of utter disbelief. Smirk.] ...

Let them eat yellow-cake!

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Now I heard That!

Palidin, Paladin were do you roam? Paladin, Paladin, Paladin far, far from home...

BOOM!

wolfe's picture

If anyone actually read the article...

This ISN'T a prediction of doom. It's discussion centered around the Black Swan, with an emphasis toward understanding (lack of)expectation actually increasing the probability of the event.

The entire article can be summed up by saying:

(Moral Hazard+Black Swan)=Certainty

But we just love anything with a sensationalistic headline, without reading it, around here, don't we.

The Philosophy Of Liberty -
http://www.thephilosophyofliberty.com/

absolutely agree, and i am

absolutely agree, and i am absolutely guilty.....im sorry......i have a level of trust here on dp then i do other sites.....even now i hve not read the article, and am takeing your word......I WILL NEVER CHANGE THAT ABOUT ME...i think its very important to take people by their words, "my word is my bond"..those who break.....well that their choice and something they'll have to live with, even if they dont feel one bit of remorse in their life, but i try to remind myself of the pitfulls, especially so when its about things that are serious, life in general.......regardless of whats fact, if we were talking in hypotheticals on the possibility of the two situations here.....the SUBJECT of the headline AND the SUBJECT of your post, if hypothetically both subjects are true, then my views stand

not sure if what im trying to say is getting across here,
still
ill just leave it here in the abyss of the internet regardless.......oh you beautifull abyss.......that doesnt sound right:)

wolfe's picture

I'm guilty too... :)

As often as probably anyone else, and so I didn't mean to pick on anyone... I just wanted to give an analysis of the article. (When I said "we", I was absolutely including myself).

I probably should have chosen my words more thoughtfully though since emalvini seemed to have taken offense.

The Philosophy Of Liberty -
http://www.thephilosophyofliberty.com/

no ill thoughts whatsoever my

no ill thoughts whatsoever my friend, you made a valid point that needs be making every now and again......plus i like seing dp members getting along, and i see the spirit of that in yours and elmvini's response to one another......and it a beautiful thing to me, however small the gesture might seem to some, to me, its quite literally an example of peace and love

thankyou, that lifted my spirits a bit

No Worries..I Was Just In A lousy Mood Today, Wolfe

Arlo Guthrie pulled me out of my bad mood..

I apologize for acting like a b*tch..

wolfe's picture

No worries...

We all have them. I personally need to work on the way that I express my thoughts... :)

The Philosophy Of Liberty -
http://www.thephilosophyofliberty.com/

YES, We Do!

Blow Out The Economy = Blow Their Heads Off!

BOOM!

Thanks for posting woof, woof, blitz, blitz

We're Going To Have A Hanging Party When That Happens!

I know plenty in law enforcement and the military that will help or assist us in accomplishing that endeavor.

Oh, its going to be glorious fellas. Finally we will get our justice, pick up the pieces and start over, albeit after alot of suffering. But we will survive and prosper and appreciate the freedom we took for granted.

Maybe I'll even run for congress someday with all you liberty loving Americans..

Can you hear the revolutionary army of 2016 marching on Washington under the new president Rand Paul..

March we will because we have no choice. Dr. Ron Paul will be right there with us up front..

Keep the faith!

BOOM!

we'll hang side by side...

at the swingin' party down the line...

Yes!

http://www.youtube.com/watch?v=O0_QSmxKJ8M

Grandpappy told my pappy, back in my day, son
A man had to answer for the wicked that he done
Take all the rope in Texas
Find a tall oak tree, round up all of them bad boys
Hang them high in the street for all the people to see that

Justice is the one thing you should always find
You got to saddle up your boys
You got to draw a hard line
When the gun smoke settles we'll sing a victory tune
We'll all meet back at the local saloon
We'll raise up our glasses against evil forces
Singing whiskey for my men, beer for my horses

We got too many gangsters doing dirty deeds
We've got too much corruption, too much crime in the streets
It's time the long arm of the law put a few more in the ground
Send 'em all to their maker and he'll settle 'em down
You can bet he'll set 'em down

Love Your Name: Stonewall Jackson: A Fine Christian Man

Next to Andy Jackson, he is my favorite soldier, next to Robert E. Lee and George Washington..

Virginia will rise again!

Yes Sir!

Yep!

Grand dad was right Stoney!

My grandpa hated the government. Having experienced WW1 in the U.S. Army, and what they did to Major General Smedley Butler and the lies and promises about paying the soldiers what they deserved. The government destroys everything and everybody..

My grand dad never trusted the government and the banks again. He buried his money and valuables underground He called the bankers vipers.

Wonder where he got that name from?

Loved his Model "A" and Model "T's"..He was as touch as nails..

"We're In Deep Sh*t!" Yeah,

"We're In Deep Sh*t!" Yeah, tell me about it :( , what else is new?

What's the opposite of "Pump and Dump"

Crash and pickup bargains?

Free includes debt-free!

because they keep and

because they keep and continue to ignore the arguments of those who seem to predict these outcomes, by their causes, and by their results......and then they do it again, and again, and again.....untill you reach a point where you have to start asking yourselfs.......are we just run by a bunch of incompetences, or is this intentional, with leeway to other possibilities that may not be imediately obvious....most of them, feeling, to be just as bad.....when your actions are actions that are causing misery, pain and anger, it does not fill me with hope that the reasons they continue to screw the world, are for reasons of truelly good intentions