Goldman Sachs boss says banks do "God's work"
2009-11-09 0:00

From: reuters.com


Lloyd Blankfein, Chairman and CEO of Goldman Sachs, speaks during a panel discussion at the Clinton Global Initiative in New York September 23, 2009.


Goldman Sachs behind every market crash since 1920s

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," he 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 that the bank's compensation practices correlated with long-term performance.

"Others made no money and still paid large bonuses. Some are not around anymore. I wonder why?"

He added that he understood, however, that people were angry with bankers' actions: "I know I could slit my wrists and people would cheer."

Source: reuters.com

Red Ice Radio

Ellen Brown - The Web of Debt & The Manufactured Financial Crash

Joan Veon - G20, Global Credit Crisis & Public-private Partnership

Catherine Austine Fitts - Swine Flu, Vaccination & The Economy

Mary Croft - Natural Man vs. Artificial Person, Law, Money & Banking

David Icke - Swine Flu, Mass Vaccinations & G20



Related Articles
Global Banking: the Bank for International Settlements
The Bank for International Settlements Calls for Global Currency
The People vs The Banks
Alan Greenspan - Gold and Economic Freedom
The Illuminati and the House of Rothschild
Prince Charles Call for a "Gigantic Partnership" of Governments Administered by the World Bank
Swiss banks propose global tax collection service
Secret Plan For IMF World Dictatorship
Is the Singularity already happening at Goldman Sachs?
Geithner: Auditing the Fed is a "line that we don't want to cross" (Video)
Goldman Sachs
`Tectonic' Shift on Wall Street as Lehman Fails, Merrill Sold - "A New Financial World Order"


Latest News from our Front Page

Immigrants in Hungary Head to German Border on Government Buses and Walking on Foot
2015-09-04 22:50
Footage showed migrants — frustrated with the Hungarian authorities, who have blocked their way by rail — starting the walk from Budapest toward Germany. Others remained in a standoff with the police. Budapest - After a day of defiance by increasingly desperate refugees, the government of Hungary metaphorically threw up its hands Friday and offered to bus thousands of migrants to ...
Generation P. Russia awaken!
2015-09-04 21:02
From Youtube description: The first Russian cult film of the new millenium Watch a preview here: Source: youtube.com
Blonde Parade in Latvia
2015-09-04 21:04
Youtube description: Hundreds of blonde Latvian women marched through the streets of Riga to to lift nation's economy. Source: youtube.com
Shocking: Young Girls Convulse On The Floor After HPV Shot
2015-09-04 20:49
Video appears to show widespread adverse reaction to Gardasil vaccine Shocking video posted to Facebook shows a group of young girls convulsing on the floor after reportedly taking the Gardisil vaccine somewhere in Bolivia. Source: infowars.com
White Women Are Getting Fed Up
2015-09-03 23:09
White women speak out against the claim that "White women have things so much easier than every other people." This video has been flagged as "inappropriate" by Youtube: Don't miss the Radio 3Fourteen interview with Lana, Sinead and Megan.
More News »