Goldman Sachs Head Says Banks Do 'God's Work'
Submitted by bobbyw24 on Mon, 11/09/2009 - 08:15
in
Goldman Sachs Head Says Banks Do 'God's Work'
The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, believes banks serve a social purpose and are doing "God's work".
In an interview with London's Sunday Times newspaper, Lloyd Blankfein also said he believed big profits and bonuses at banks were a sign that the world economy was recovering.
"We help companies to grow by helping them to raise capital. Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. We have a social purpose," the head of Goldman Sachs [GS 171.78 -1.62 (-0.93%) ] told the paper.
The dominant Wall Street bank posted third-quarter earnings of $3 billion and plans to hand out more than $20 billion in year-end bonuses.
Blankfein told the Sunday Times . . .
Ritual mockery - they really do tell us the truth
Every once in a while, if you know how to listen.
They are doing the work of their god. And they have all of us doing it, too. Got a FRN on ya? Yeah, me too. It sucks.
WHICH GOD? as Pastor Lindsey Williams would ask warningly,
based on his latest alleged conversation with one of the elites.
He says the old fellow, who expects to die soon, divulged that the elite have a different god, maybe the same one that gives moral courage to bankers. I was unwilling to buy the latest CD for $99 to get the details...
My Blog:
http://horizonscanblog.blogspot.com/
i paid the $99
what a waste almost no info, sat thru 3 hours of preaching to hear we have 2 yrs left and oil will stay between $50 and $70 (it's currently $78). If you're in NYC I'll take em out of the garbage and give em to you.
thanks
I will stop wondering what I was missing. I had decided not to bite.