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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Wed, 04/25/2012 - 19:18 | 2375218 azzhatter
azzhatter's picture

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

Wed, 04/25/2012 - 19:20 | 2375220 JLee2027
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.

Wed, 04/25/2012 - 20:53 | 2375329 Clashfan
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.


Wed, 04/25/2012 - 19:21 | 2375221 Pretorian
Pretorian's picture

Hope he catch some Sexual Transmited Disese from his prostituties.


Wed, 04/25/2012 - 19:22 | 2375223 lead salad
lead salad's picture

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

Wed, 04/25/2012 - 19:25 | 2375226 unununium
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."

Wed, 04/25/2012 - 19:25 | 2375227 dogbreath
dogbreath's picture

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

Wed, 04/25/2012 - 19:25 | 2375228 AgShaman
AgShaman's picture

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

Wed, 04/25/2012 - 19:27 | 2375232 A_S
A_S's picture

There should be subtitles of what he actually thinks

Wed, 04/25/2012 - 19:40 | 2375250 reTARD
reTARD's picture

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

Wed, 04/25/2012 - 19:35 | 2375240 junkyardjack
junkyardjack's picture

I think that went very well

Wed, 04/25/2012 - 19:35 | 2375241 Hedgetard55
Hedgetard55's picture

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

Wed, 04/25/2012 - 21:02 | 2375348 Dr. Engali
Dr. Engali's picture

Inconceivable !

Wed, 04/25/2012 - 19:45 | 2375258 SlorgGamma
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":


Wed, 04/25/2012 - 21:58 | 2375418 rosiescenario
rosiescenario's picture


Wed, 04/25/2012 - 19:45 | 2375260 oddjob
oddjob's picture

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

Wed, 04/25/2012 - 19:54 | 2375268 loveyajimbo
loveyajimbo's picture

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

Wed, 04/25/2012 - 19:56 | 2375272 peekcrackers
peekcrackers's picture

(wealth creation )   120 trillion in CDS

Goldman licks sachs ... king Muppet humper

Wed, 04/25/2012 - 20:06 | 2375283 poor fella
poor fella's picture

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

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



Wed, 04/25/2012 - 20:23 | 2375301 no cnbc cretin
no cnbc cretin's picture

Goldman Sachs. I knew of GS long before 2008.

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

Wed, 04/25/2012 - 20:24 | 2375302 Peter Pan
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.


Wed, 04/25/2012 - 20:44 | 2375314 tom a taxpayer
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.


Wed, 04/25/2012 - 21:06 | 2375356 disabledvet
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."

Wed, 04/25/2012 - 20:34 | 2375311 buzzsaw99
buzzsaw99's picture

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

Wed, 04/25/2012 - 20:48 | 2375322 infinity8
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.

Wed, 04/25/2012 - 20:52 | 2375328 midgetrannyporn
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Thu, 04/26/2012 - 00:40 | 2375657 Demologos
Demologos's picture

+1 for A Boy and His Dog reference

Thu, 04/26/2012 - 02:21 | 2375768 e_goldstein
e_goldstein's picture

Lloyd Run Bartertown!!!

Wed, 04/25/2012 - 20:55 | 2375332 Dre4dwolf
Dre4dwolf's picture

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

Thu, 04/26/2012 - 01:31 | 2375712 CaptainObvious
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.

Wed, 04/25/2012 - 20:56 | 2375336 fonzannoon
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.

Wed, 04/25/2012 - 21:01 | 2375343 Dr. Engali
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The SEC needs to check into them. I'm sure they have some improper disclosures from 2008.

Thu, 04/26/2012 - 01:34 | 2375716 CaptainObvious
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.

Wed, 04/25/2012 - 21:00 | 2375342 Wakanda
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!

Wed, 04/25/2012 - 21:17 | 2375366 disabledvet
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.

Wed, 04/25/2012 - 21:17 | 2375367 streetcrawler
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.

Wed, 04/25/2012 - 21:25 | 2375374 Cabreado
Cabreado's picture

Such is the behavior of the charming Sociopath.

Wed, 04/25/2012 - 21:32 | 2375375 Paul Atreides
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.

Wed, 04/25/2012 - 22:02 | 2375428 Crab Cake
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.

Wed, 04/25/2012 - 22:28 | 2375450 Paul Atreides
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.

Wed, 04/25/2012 - 21:43 | 2375402 GrinandBearit
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.

Wed, 04/25/2012 - 21:55 | 2375415 Downtoolong
Downtoolong's picture

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


Wed, 04/25/2012 - 22:01 | 2375424 vegas
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.



Wed, 04/25/2012 - 22:05 | 2375429 dolph9
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.

Wed, 04/25/2012 - 22:04 | 2375430 WallowaMountainMan
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.

Wed, 06/27/2012 - 22:44 | 2567207 WallowaMountainMan
WallowaMountainMan's picture

well, so far so wrong...

Wed, 04/25/2012 - 22:08 | 2375433 rosiescenario
rosiescenario's picture

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

Thu, 04/26/2012 - 04:58 | 2375860 acrabbe
acrabbe's picture

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

Wed, 04/25/2012 - 22:30 | 2375436 FranSix
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

Wed, 04/25/2012 - 22:14 | 2375439 Downtoolong
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.  

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