Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
The world's richest banker thinks Australia's fretting about its economic circumstances is funny
Poor you, Australia, says Goldman CEO
26 Jul 2013, 11:37 am
Goldman Sachs boss Lloyd Blankfein says he is puzzled by the hand-wringing that goes on in Australia over the state of the economy. (AAP)
The world's richest banker, Goldman Sachs chief executive Lloyd Blankfein, thinks Australia's fretting about its economic circumstances is a bit of a laugh.
"I've been coming here for a long, long time and during the last two decades of growth, growth, growth, people are always distraught, overwrought, wringing their hands about how horrible things are and to my observation, they don't look that bad," Mr Blankfein told businesspeople in Sydney on Friday.
Mr Blankfein, boss of the bank Rolling Stone magazine famously called "a vampire squid wrapped around the face of humanity" following the US sub-prime mortgage crisis, spoke at a packed business breakfast about the state of the world as he saw it.
...
One questioner asked how Mr Blankfein saw Australia, given it was "in a phase where our economy is slowing" and "there's a malaise between business and government".
"No, it's awful - you've now sunk to a level that we're trying to get up to. So, my heart goes out to you," Mr Blankfein replied, demonstrating that humour and investment banking can share a stage.
...
http://www.sbs.com.au/news/article/1792948/Poor-you-Australia-says-Goldman-CEO
26 Jul 2013, 11:37 am
Goldman Sachs boss Lloyd Blankfein says he is puzzled by the hand-wringing that goes on in Australia over the state of the economy. (AAP)
The world's richest banker, Goldman Sachs chief executive Lloyd Blankfein, thinks Australia's fretting about its economic circumstances is a bit of a laugh.
"I've been coming here for a long, long time and during the last two decades of growth, growth, growth, people are always distraught, overwrought, wringing their hands about how horrible things are and to my observation, they don't look that bad," Mr Blankfein told businesspeople in Sydney on Friday.
Mr Blankfein, boss of the bank Rolling Stone magazine famously called "a vampire squid wrapped around the face of humanity" following the US sub-prime mortgage crisis, spoke at a packed business breakfast about the state of the world as he saw it.
...
One questioner asked how Mr Blankfein saw Australia, given it was "in a phase where our economy is slowing" and "there's a malaise between business and government".
"No, it's awful - you've now sunk to a level that we're trying to get up to. So, my heart goes out to you," Mr Blankfein replied, demonstrating that humour and investment banking can share a stage.
...
http://www.sbs.com.au/news/article/1792948/Poor-you-Australia-says-Goldman-CEO
The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who's Who of Goldman Sachs graduates.
http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405
