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February 13, 2020 03:16 pm GMT

Man who helped cause 2008 financial crash suddenly very concerned about the economy

Lloyd Blankfein might sound like the name of a fictional banker villain, but he is in fact the real-life Senior Chairman of Goldman Sachs. Prior to his current position, he served as chairman and chief executive of the infamous banking giant beginning in 2006 just before that pesky financial crisis from which the world is still recovering.

To his credit, Blankfein did apologize for his company's role as a liquidity provider for subprime mortgages. Specifically, he said, "We participated in things that were clearly wrong and have reason to regret. We apologize." That was in 2009 the absolute pits of the economy and around the same time he was named "Person of the Year" by theFinancial Times. Within months, he was touting his duties of "doing God's work" while the rest of us were still scrounging for employment or to recover the last few scraps of money we had foolishly invested on the advice of people on Blankfein.

Anyway, he's really concerned that Bernie Sanders will "ruin" "our" economy, should he be elected as President of the United States in the upcoming election.

Presumably, Blankfein was not referring toour economy as in the economy that affects normal human beings such as you or I, which he has previously participated in ruining but rather, his economy, that is, the pleasures enjoyed by him and his ilk of obscenely wealthy, out-of-touch, and utterly untouchable oligarchs. Read the rest


Original Link: https://boingboing.net/2020/02/13/man-who-helped-caused-2008-fin.html

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