A Spinning Blankfein Responds If Goldman Is Still A Vampire Squid

Tyler Durden's picture

It seems the PR machine was in full swing today for everyone's favorite Muppet-slayer-in-chief as Goldman Sachs' Lloyd Blankfein did the business media tour. Bloomberg TV, in the clip below, were perhaps toughest on the domed demi-god as they pressed him on the public's perspective of his firm as the 'vampire squid' to which he responded in glib-yet-deferential terms that "it is hyperbole and we'll have to do a better job of explaining how important this industry is". Indeed Lloyd, indeed. A grand collection of ducking-and-weaving as Erik Schatzker peppered the CEO with questions on his changing priorities as a CEO (wealth creation for partners clients), conflicts of interest ("if you want to rule out conflicts of interest, you'll just give advice to one client in one industry and never do any lending or support for the capital structure of the firm.  It's just not feasible."), on Arthur Levitt's statement of Goldman's hypocrisy (as a market-maker we have to protect Goldman Sachs), being too big to fail, the markets and economy (tend to be a little more positive than what I am hearing from other people), and finally the Facebook IPO.


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azzhatter's picture

Take a suck you little bald headed fuck. We'll take our chances without all your "help".

JLee2027's picture

Conflict of Interest = ok in Lloyds' book because that's the way business is today.

Not it's not Lloyd. You have a choice...get out of the business if it's become unethical.

Clashfan's picture

Unethical abounds: http://www.infowars.com/feds-crooked-tsa-screeners-arrested-in-drug-traf...

It's simply duplicity, and it's in vogue amongst the Luciferian elite.

The only ones who get caught--ahem, get prosecuted--are the bottom feeders.


Pretorian's picture

Hope he catch some Sexual Transmited Disese from his prostituties.


lead salad's picture

I was just waiting for that fucker to turn into Nosferatu during that interview.....

unununium's picture

Shiny-headed criminal says "That's INCONCEIVABLE!!"

"You keep using that word.  I do not think it means what you think it means."

dogbreath's picture

shifty eyed little goblin, stopped the show about 20% in.

AgShaman's picture

Die Cleeeeeen.....White Man From Town.....Die Clean!

A_S's picture

There should be subtitles of what he actually thinks

reTARD's picture

You mean like the Hitler parodies but this time with German subtitles?

junkyardjack's picture

I think that went very well

Hedgetard55's picture

Looks like the dude in The Princess Bride who drank the poison.

SlorgGamma's picture

What an unimpressive little mugwump of evil.

But wait a minute... where have I seen that glazed look, that tinfoil glance, that barely-concealed hunger to prey on the unwary? Why yes, that classic Star Trek episode called "Investment Banker in the Fold":


oddjob's picture

Being the vile worthless shyster scumbag he is, I am sure he takes the handicap parking at the synagogue.

loveyajimbo's picture

This diseased dog-turd would have been a big star in Goebbels films... might have prevented our entrance into WWII...

peekcrackers's picture

(wealth creation )   120 trillion in CDS

Goldman licks sachs ... king Muppet humper

poor fella's picture

I didn't see this today, so will throw this out to the ether:

FUCK YOU BEN BERNANKE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



no cnbc cretin's picture

Goldman Sachs. I knew of GS long before 2008.

Goldman Sachs = scum bags -- Blankfein should be in jail!

Peter Pan's picture

Blankfein and his peers are a reminder of how powerless the citizens are, how clueless the government is and how greedy, evil and immune from prosecution the top banking elite are.


tom a taxpayer's picture

Lloyd's performance would be boffo on Saturday Night Live, as he is an hilarious parody of himself.

What howlers he let loose, like, GS did not need the government rescue allowing GS to become a bank holding company in 2008. 

Lloyd contrasts the negative outlook of economists to his own "positive" outlook. Of course Lloyd has a sunny disposition…he has Congress and the Administration in his back pocket. GS is Too Big Too Fail, so GS has a positive outlook… taxpayers will pay for GS failures. Of course Lloyd has a sunny disposition…no prosecutor has brought him to justice.


disabledvet's picture

"and the taxpayer remains behind bars" still, i agree. As a card carrying member of the "Anglo-Saxon dog" brigade (as my best friend would always call me) "this day had to come." The audience of course is not any of us here but simply and in two words NEW YORK. Will it sell? They don't call it CHUTZPAH for nothin'...indeed "they invented the word." I'm not sure actually. I'll leave it to the Tylers Durden...since they are as New York as New York gets. I say this: Ben Bernanke had to monetize in order to keep our government functioning...as it happened (and it just happened...PURE luck in my view) it was the right thing to do as well. I'm not sure right now if "the Bernanke Halo" has translated here for CEO Blankfein. Interestingly he never addressed his view of his "exploded whales" formerly known as "the Banks." As Chief Pilotfish I would have thought he would have mentioned that. Anywho "the recovery stinks...thanks."

buzzsaw99's picture

The world can't live without the squid. LMAO!!

infinity8's picture

can't do it. can't bring myself to watch/listen to this a-hole. . . head will explode, ugliness will ensue. die, rot, go to hell blankfein. in whatever order you choose.

Dre4dwolf's picture

Look at him trying to justify everything, "vampire squids are good for the economy" ... please.

CaptainObvious's picture

Sharks are good for the ecology but I still don't want to be in the water with one.  They have this nasty tendency to bite and eat each other.  I'm betting vampire squids have the same sort of dietary preferences.

fonzannoon's picture

For a country that owns so much gold it seems almost weird for it to have so much debt.

HONG KONG — Standard & Poor’s lowered its outlook for India on Wednesday, citing the country’s struggle to rein in its relatively high debt and fiscal deficit amid a political impasse that is unlikely to ease before the next national elections in 2014.

Dr. Engali's picture

The SEC needs to check into them. I'm sure they have some improper disclosures from 2008.

CaptainObvious's picture

Ha, like the SEC checks anything that actually needs to be investigated.  The MF Global shysters are still walking around free, but they MUST investigate the hell out of Egan-Jones for daring to publicize the naked emperor.

Wakanda's picture

Lloyd's PR toadies and (very expensive) low life lawyers told him to get out in the spotlight and act like a human being - you know, try and deflect some of the negativity.

Epic fail with that interview, he comes across as an evasive shyster.

Lloyd, it's all down hill from here as the sheeple wake up to gov/corp repression.

Nuttin' gonna save yo sorry ass now.

Not interviews

Not bribes

Not payoffs

Not money

Nothing - you gambled that you would never have to pay - and you are losing that bet

It's a hoot watching you squirm!

disabledvet's picture

By the way i feel i owe "the velociraptors" down here an apology. I feel i've been out of line...well, in some ways my whole life...but yeah, within the last few weeks i've been on the cranky side and taking it out on all of you.

streetcrawler's picture

This guy is completely out of his mind. GS is apparently engaged in "wealth creation." Guess what Lloyd, you fucking numbnuts piece of shit, you and your company are a fucking menace. GS wouldn't even exist if it weren't for the bailouts, so how this guy can sit there and talk about how they are important and are doing good things is a farce.

Cabreado's picture

Such is the behavior of the charming Sociopath.

Paul Atreides's picture

Wealth creation? The nerve...anyone who has worked in the upper management of Goldman Sachs past or present should be put up against a wall and shot.

Crab Cake's picture

Exactly. As a poster above noted they are immune to prosecution and the "law", but they are not immune to justice.

When the law only applies to some, then it applies to none. This has consequences. Their "cornering" of our political and legal system has consequences. When one cant trust a cop to do their job one dispenses justice as they see fit. His day will come.

Paul Atreides's picture

Some like to stick their head in the sand, some like to preach non violence, some would just run away, some think the white dragon society is going to come save us! but the ONLY way we will see salvation and remove these demons from humanity is armed revolution.

I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear.
I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing.
Only I will remain.

GrinandBearit's picture

That shiny bald head makes a very nice bullseye for a very rusty pickaxe.

One day Lloyd... your day of reckoning will come.

Downtoolong's picture

These people could wander in a house of mirrors for hours and never once see themselves for what they are.


vegas's picture

...."it is hyperbole and we'll have to do a better job of explaining how important this industry is".

Translation: Listen muppets, STFU and realize how imprtant doing God's work on earth is, OK? So we shave a little here and there to build the proper temple? WTF.



dolph9's picture

Just remember, all of you peons risking your life and limb for your "country."

You die so that this asshole can get and stay rich.

The truth hurts.

WallowaMountainMan's picture

I hold that the way to judge the merits of an idea was to judge its that which flows from it. If all is good, then the idea was in and of itself good. If any are not good (aka 'unintended' in the vernacular), then there were flaw(s) in the assumptions (hidden maybe) behind the original idea.

For anyone who claims that conflicts of interest in their business model are unavoidable is acknowledging that their business model is flawed. People of any knowledge will not do business with that person.

The powers that be at Goldman understand this. LLoyd is history at G/S. Soon. Gracefully, but soon.

rosiescenario's picture

Talk about a P/R disaster.....putting that guy in front of people.

acrabbe's picture

I laughed out loud at this in my office...

FranSix's picture

Banks should not be on the opposite side of the trade of your client.  That's just fraud.  Banks should not be in a position of making markets either.  Why not just abondon being a bank and become a brokerage?

One question they failed to ask is how central the Black Scholes option pricing model is to the markets and just how much the world is expected to conform with mathematical formulae.

Dr. Faber on Talk Digital Network

Starts 1:40 With Danielle Park



FYI:  Faber has a difficult time ignoring Danielle Park's legs and while trying to say that the Aristocracy's heads get chopped off, he instead makes a freudian slip and says legs.  @16:55

Downtoolong's picture

The way I see it, if you must become a client of Goldman Sachs, you have already f^$ked up somewhere big time. I dread the day it happens to me or any firm that I have invested money with.