Daily Archives: September 19, 2012

Lloyd Blankfein, CEO of Goldman Sachs and… socialist

He jokes he is not a socialist, but read his comments in this article, Lloyd Blankfein’s ‘socialist’ moment – The Globe and Mail. Such comments can easily get you labelled “socialist” in large parts of Western countries. For example, some of things attributed to him in the article are:

The U.S. economy does not do a good enough job of distributing wealth fairly. The U.S. government needs to keep spending. Investment banks must accept more regulation. Oh, and bankers should be prepared for the criticism that comes with having been at the centre of the financial crisis.

Such declarations aren’t coming from Barack Obama or an Occupy Wall Street protester – they’re from Lloyd Blankfein, the head of Goldman Sachs Group Inc.

Well worth a read.